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")
DEALING IN SECURITIES BY A DIRECTOR
Shareholders are referred to the announcement released on the Stock Exchange News Service ("SENS") on 14 July 2020 regarding the scrip- settled hedging arrangement entered into by Mr ZL Combi in respect of 354 000 PSG shares held by him with a South African bank in terms of a two-year loan facility. This hedging arrangement has now expired and the bank has exercised its call option pursuant thereto.
In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements, the following information is disclosed:
NAME OF DIRECTOR | ZL Combi | ||
COMPANY OF WHICH A DIRECTOR | PSG Group Limited | ||
STATUS: EXECUTIVE/NON-EXECUTIVE | Non-executive | ||
TYPE OF SECURITIES | Shares | ||
CLASS OF SECURITIES | Ordinary | ||
DATE OF TRANSACTION | 5 July 2022 (on expiry of | (1) | |
first tranche of collar) | |||
12 July 2022 (on expiry of | (2) | ||
second tranche of collar) | |||
NUMBER OF SECURITIES TRANSACTED | 177 000 | (1) | |
177 | 000 | (2) | |
NATURE OF TRANSACTION | Delivery of shares to a | ||
South African bank pursuant | |||
to a call option granted in | |||
terms of a scrip-settled | |||
zero-cost collar entered | |||
into in July 2020 | |||
(off-market transaction) | |||
CALL OPTION STRIKE PRICE | R49.33 | ||
TOTAL VALUE AT OPTION STRIKE | R8 731 410 | (1) | |
PRICE | R8 731 410 | (2) | |
NATURE AND EXTENT OF INTEREST IN | Direct, beneficial | ||
THE TRANSACTION |
Clearance for the above was obtained in accordance with paragraph 3.66 of the JSE Listings Requirements by virtue of the fact that the call option exercise dates were fixed for the above dates in terms of such contractual hedging arrangement. PSG Group was informed of the delivery of the above shares following final settlement, which occurred on 12 July 2022.
13 July 2022
Stellenbosch
Sponsor
PSG Capital
Independent joint sponsor
Tamela Holdings Proprietary Limited
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PSG Group Limited published this content on 13 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 July 2022 15:53:02 UTC.