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PSG GROUP LIMITED - Unaudited Financial Results For The Six Months Ended 31 August 2021

2021/10/14 07:10:00

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                    Unaudited Financial Results For The Six Months Ended 31 August 2021

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



     •   At 31 August 2021, PSG Group’s –
         o Net asset value per share was R110,09, representing an increase of 50% and
             20% when compared to the net asset value per share of R73,27 and R91,76 as
             at 31 August 2020 and 28 February 2021, respectively; and
         o Sum-of-the-parts (“SOTP”) value per share was R110,50, representing an
             increase of 17% when compared to the R94,24 per share as at
             28 February 2021.

     •   At 8 October 2021, PSG Group’s SOTP value per share was R112,13.

     •   For the six months ended 31 August 2021, PSG Group’s –
         o Headline earnings per share amounted to R18,04 (2020: loss of R14,14) and fair
              value gains on investments at fair value through profit or loss amounted to
              R3,4bn (2020: loss of R5,2bn); and
         o Earnings per share amounted to R18,04 (2020: R118,62), with the comparative
              period having been impacted by one-off gains pursuant to the Capitec
              unbundling and PSG Group’s change in status to that of an investment entity in
              accordance with International Financial Reporting Standards.

     •   PSG Group’s policy is to pay ad hoc dividends as and when deemed appropriate.
         The directors have resolved to not declare an ad hoc interim dividend for the six
         months ended 31 August 2021 (2020: 164 cents per share).


     This short-form announcement is the responsibility of the directors of the Company. It
     contains only a summary of the information in the full announcement and does not contain
     full or complete details. The full announcement can be found at:


     The full announcement is also available for viewing on the Company’s website at
     https://www.psggroup.co.za/UnauditedResultsAug2021.pdf or may be requested and
     obtained in person, at no charge, from the registered office of the Company or the
     Company’s sponsor during office hours.

     Any investment decisions by investors and/or shareholders should be based on
     consideration of the full announcement.

     The Company has based this short-form announcement on the financial results for the six
     months ended 31 August 2021, which have not been reviewed or audited by the
     Company’s auditor, Deloitte & Touche.


     Shareholders are invited to view PSG Group’s interim results presentation to be broadcast
     on YouTube at 10h00 SAST on Thursday, 14 October 2021.

     Presentation details:
     • View and listen mode;
     • Link: https://youtu.be/ZOFwHeGtq1w;
     • Presentation slides will be made available on PSG Group’s website shortly before the
         live broadcast of the presentation;
     • Questions may be e-mailed prior to and during the presentation to:

14 October 2021

PSG Capital

Independent joint sponsor
UBS South Africa 

Date: 14-10-2021 07:10:00
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