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PSG - restructuring final update
As communicated to Shareholders in the SENS announcement published by the Company on Friday, 16 September 2022, the Scheme Consideration payable to Shareholders in terms of the PSG Group Scheme will remain R23.00 per Scheme Share.
Following the implementation of the PSG Group Scheme, the Company will be delisted from the JSE on Tuesday, 27 September 2022.
The Company previously advised Shareholders that only one Shareholder (“Objecting Shareholder”) had persisted with its objection in terms of section 164 of the Companies Act. The Objecting Shareholder has since withdrawn its written demand to the Company in respect of its Appraisal Rights, and has thereby elected to participate, along with all other Shareholders, in the PSG Group Restructuring.
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