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PSV - renewal of cautionary
Further to the previous renewal of cautionary announcements, the last of which was dated 6 May 2025, shareholders were advised that the Company remains under provisional liquidation and the proposed recapitalisation of the Company referred to therein is still under consideration.
The Company remains aware that any corporate action will need to comply with the JSE Listings Requirements and Takeover Regulations, where applicable. The Company will continue to inform shareholders of the progress in this regard. A meeting has since been held between the liquidator and DNG Energy Ltd.'s (DNG's) attorney and a separate meeting was held with the JSE to evaluate the prospects of the Company and a way forward.
There have been further engagements with the liquidator during May and June 2025. Subsequently, DNG made a proposal to the liquidator to take the business out of provisional liquidation and will get the response in due course, which is expected to be positive.
Accordingly, shareholders were advised to continue exercising caution when dealing in the Company's securities until a full announcement is made.
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