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PSG Group Ltd (PSGJ.J)

PSGJ.J on Johannesburg Stock Exchange

25,800.00ZAc
18 Jan 2018
Change (% chg)

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25,800.00
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288,245
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29,703.00
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21,801.00

Latest Key Developments (Source: Significant Developments)

Psg Group Says Steinhoff Finance Investments Reduced Its Interest In Co
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Psg Group Ltd ::PSG GROUP - STEINHOFF FINANCE INVESTMENTS PROPRIETARY HAS REDUCED ITS INTEREST IN ISSUED ORDINARY SHARES OF COMPANY FROM 25.5 PCT TO 16 PCT.  Full Article

Steinhoff: Sale Of Shares In PSG Group Limited
Friday, 15 Dec 2017 

Dec 15 (Reuters) - STEINHOFF ::DGAP-ADHOC: STEINHOFF INTERNATIONAL HOLDINGS N.V. : SALE OF SHARES IN PSG GROUP LIMITED <<>>.HAS TODAY SOLD APPROXIMATELY 20.6 MILLION SHARES IN PSG GROUP LIMITED ("PSG"), AN INDIRECT AFFILIATE OF COMPANY.SALE PRICE WAS R230 PER PSG SHARE.SHARE SALE RELATES TO APPROXIMATELY 9.5% OF ISSUED SHARE CAPITAL OF PSG.FOLLOWING SHARE SALE, COMPANY'S INDIRECT INTEREST IN PSG HAS REDUCED FROM 25.5% TO APPROXIMATELY 16.0%.PROCEEDS FROM SHARE SALE, BEFORE COSTS, AMOUNT TO APPROX ZAR4.7 BILLION (BEING APPROXIMATELY EUR293 MILLION).PROCEEDS WILL BE USED IN SUPPORT OF OPERATIONAL ACTIVITIES.  Full Article

Steinhoff Announces Sale Of Shares In PSG Group Limited
Friday, 15 Dec 2017 

Dec 15 (Reuters) - STEINHOFF ::SOLD APPROXIMATELY 20.6 MILLION SHARES IN PSG GROUP LIMITED, AN INDIRECT AFFILIATE OF COMPANY.‍SHARE SALE RELATES TO APPROXIMATELY 9.5% OF ISSUED SHARE CAPITAL OF PSG​.SALE PRICE WAS R230 PER PSG SHARE.‍FOLLOWING SHARE SALE, COMPANY'S INDIRECT INTEREST IN PSG HAS REDUCED FROM 25.5% TO APPROXIMATELY 16.0%​.PROCEEDS FROM SHARE SALE, BEFORE COSTS, AMOUNT TO APPROXIMATELY ZAR4.7 BILLION.  Full Article

PSG Group declares interim dividend of 138 cents per share
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - Psg Group Ltd ::PSG GROUP LTD - ‍UNAUDITED RESULTS FOR SIX MONTHS ENDED 31 AUGUST 2017​.PSG GROUP LTD - ‍SOTP VALUE OF R262.32 PER SHARE AS AT 6 OCTOBER 2017​.PSG GROUP LTD - ‍INTERIM DIVIDEND UP 10% TO 138 CENTS PER SHARE​.PSG GROUP LTD - ‍HY RECURRING HEADLINE EARNINGS STABLE AT 412 CENTS PER SHARE​.PSG GROUP LTD - "BELIEVE PSG'S INVESTMENT PORTFOLIO SHOULD CONTINUE YIELDING ABOVE-AVERAGE RETURNS​".PSG GROUP LTD - ‍CURRENTLY R1.2BN CASH AVAILABLE FOR FURTHER INVESTMENTS​.  Full Article

PSG Group says recurring headline earnings for six months to Aug.31 up 11 pct
Wednesday, 12 Oct 2016 

PSG Group Limited : Interim dividend increased by 25 pct to 125 cents per share . Six month to Aug 31 recurring headline earnings increased by 16 pct to 411.8 cents per share .1.7 bln rand cash available for further investments.  Full Article

PSG Group says co and Zeder agree on management internalisation
Friday, 24 Jun 2016 

PSG Group Ltd : Zeder and PSG agreed existing management agreement be internalised by Zeder against issue of 207.7 mln new Zeder shares to PSGCS . PSG will remain a significant shareholder in Zeder, existing PSG representatives will continue to serve on both boards . PSG's shareholding in Zeder will increase from approximately 34.5 pct to approximately 42.4 pct .Internalisation will result in a significant improvement in Zeder's future profitability and cash flows.  Full Article

UPDATE 2-Steinhoff CFO steps down as crisis-hit retailer shuffles top team

* Shares rebound 25 percent, still down about 80 pct since Dec. 5 (Adds shares, background, quote, valuation)