PSG GROUP LIMITED - Publication Of AFS, Change Statement, Details Of AGM, BBBEE Report And Updated SOTP Value Per Share

Publication Of AFS, Change Statement, Details Of AGM, BBBEE Report And Updated SOTP Value Per Share

PSG Group Limited
Incorporated in the Republic of South Africa
Registration number: 1970/008484/06
JSE Limited (“JSE”) share code: PSG
ISIN code: ZAE000013017
LEI code: 378900CD0BEE79F35A34
(“PSG Group”)

PUBLICATION OF ANNUAL FINANCIAL STATEMENTS, CHANGE STATEMENT,
DETAILS OF ANNUAL GENERAL MEETING, BROAD-BASED BLACK ECONOMIC
EMPOWERMENT   ACT    ANNUAL   COMPLIANCE REPORT  AND  UPDATED
SUM-OF-THE-PARTS VALUE PER SHARE

PUBLICATION OF ANNUAL FINANCIAL STATEMENTS AND CHANGE STATEMENT

Shareholders are advised that PSG Group’s audited consolidated
annual financial statements for the year ended 28 February 2021,
including an unmodified audit opinion thereon, have been published
on PSG Group’s website at https://www.psggroup.co.za/investor-
relations/reports/. The audit opinion includes communication of key
audit matters.

Except as detailed below, the audited consolidated annual financial
statements contain no modifications to the reviewed preliminary
consolidated annual financial results published on the JSE’s Stock
Exchange News Service (“SENS”) on 20 April 2021 (“Reviewed
Results”).

The Reviewed Results reported a prior year restatement detailed in
note 8 thereto; however, the prior year amounts reported in the
consolidated income statement forming part of the Reviewed Results
were not updated for such restatement. The prior year comparatives
now reported in the audited consolidated income statement are
consistent with the restatement previously reported in note 8 to
the Reviewed Results. Such restatement had no impact on
profitability, cash flows, assets, liabilities, or equity.

DETAILS OF ANNUAL GENERAL MEETING OF PSG GROUP ORDINARY SHAREHOLDERS

It is anticipated that the annual general meeting of PSG Group
ordinary shareholders (“AGM”) will be held by way of electronic
participation on Friday, 9 July 2021 at 10:00 South African time.

The notice for the AGM will be dispatched to ordinary shareholders
in due course, with the notice of such meeting also given on SENS.

BROAD-BASED BLACK ECONOMIC EMPOWERMENT ACT (“ACT”) ANNUAL
COMPLIANCE REPORT

In accordance with paragraph 16.21(g) and Appendix 1 to Section 11
of the JSE Listings Requirements, notice is hereby given that PSG
Group’s annual compliance report in terms of section 13G(2) of the
Act has been published and is available on PSG Group’s website at
https://www.psggroup.co.za/BBBEE-Certificate.pdf.

UPDATED SUM-OF-THE-PARTS (“SOTP”) VALUE PER SHARE

As previously communicated, in order to provide investors with an
up to date indicative SOTP value per share, PSG Group’s website
(www.psggroup.co.za) contains an online tool whereby PSG Group’s
SOTP value per share is calculated using approximately 15-minute
delayed exchange-listed share prices for its listed investments,
while all other information (including the valuation of PSG Group’s
unlisted investments) is updated when material changes occur. While
the SOTP value calculation is indicative of the fair value of PSG
Group’s underlying portfolio, it does not take into account factors
such as, among others, size of shareholdings, head office operating
profit/loss and other potential factors.

Shareholders are advised that the SOTP value per share calculation
contained on PSG Group’s website has been updated to reflect the
latest information.

The SOTP information provided on PSG Group’s website is for general
information purposes only and does not constitute an offer to sell
any securities or constitute investment advice relating to
securities or a representation that the security is a suitable or
appropriate investment for any person, nor does it warrant any share
price value in any form. Investors are advised to give independent
consideration to and conduct independent investigation with regards
to this information and the value of PSG Group shares, and to obtain
investment advice from their independent financial advisors.

Stellenbosch
31 May 2021

Sponsor
PSG Capital

Independent joint sponsor
UBS South Africa

Date: 31-05-2021 05:25:00
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