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Quarterly Update on Suspension Announcement
PSV Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/004365/06)
Share code: PSV ISIN: ZAE000078705
("the Company")
QUARTERLY UPDATE ON SUSPENSION ANNOUNCEMENT
In terms of paragraph 1.11(c) of the JSE Listings Requirements, the Company is required
to provide an update to shareholders regarding the current state of affairs of the
Company until its suspension is lifted.
Further to the previous quarterly update announcements, the last of which was dated
20 December 2024, shareholders are advised that the consideration of the
recapitalisation of the Company is still ongoing.
A provisional liquidator was appointed who reached out to DNG Energy Limited's legal
counsel to discuss a proposal. These discussions are ongoing and financial information
requested from the liquidator.
The Company remains aware that any proposed recapitalisation of the Company will
need to comply with the JSE Listings Requirements and Takeover Regulations, where
applicable. To this end a meeting has been held with the JSE during March 2025 to discuss
the status of the Company and prospects of recapitalisation. information has been
requested by the JSE and is pending financial information, which has been requested
from the liquidator. Other information requested by the JSE has already been provided.
Shareholders are also reminded that the Company remains under cautionary and will
continue to inform shareholders of the progress in this regard.
Johannesburg
26 March 2025
Designated Advisor
AcaciaCap Advisors Proprietary Limited
Date: 26-03-2025 12:15:00
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