PSG FINANCIAL SERVICES LIMITED - Appointment of Executive Director and PSG Distribution Leadership Change

Appointment of Executive Director and PSG Distribution Leadership Change

PSG FINANCIAL SERVICES LIMITED
(Previously PSG KONSULT LIMITED)
(Incorporated in the Republic of South Africa)
Registration Number: 1993/003941/06
JSE Share Code: KST
NSX Share Code: KFS
SEM Share Code: PSGK.N0000
ISIN Code: ZAE000191417
LEI Code: 378900ECF3D86FD28194
(“PSG Financial Services” or “the Company”)

PSG TREASURY LIMITED
(Previously PSG KONSULT TREASURY LIMITED)
(Incorporated in the Republic of South Africa)
Registration Number: 2014/196582/06
Company Code: PKTI


APPOINTMENT OF EXECUTIVE DIRECTOR AND PSG DISTRIBUTION LEADERSHIP CHANGE


In accordance with paragraphs 3.59 and 6.39 of the JSE Limited Listings Requirements and Debt
Listings Requirements, respectively, the board of directors of PSG Financial Services (“Board”)
wishes to advise shareholders of the appointment of an executive director to the Board and a
leadership change within PSG Distribution Holdings (Pty) Ltd (“PSG Distribution”).


Appointment of Executive Director

The Board wishes to advise shareholders that a new role focusing on transformation within the
Company has been created. It is with great pleasure to announce that Janine Johannes
(“Janine”) has been appointed as the new Head of Transformation. Janine has been passionate
about spearheading transformation at PSG Financial Services and has extensive knowledge in
this area as the previous head of human resources for the past eight years as well as being the
co-chair of the Transformation Forum.

Janine will continue to be a member of the Executive Committee and joins the Board as an
Executive Director and a member of the Social and Ethics Committee. The Board extends a
warm welcome to Janine and looks forward to her contribution in her new role at PSG Financial
Services.

The abovementioned appointment was made in accordance with the Company’s policy for the
selection and appointment of directors to the Board.

Milandi Hugo, who has been the head of our engineering team for the past 6 years will succeed
Janine Johannes as head of human resources with effect from 1 January 2024.


PSG Distribution Leadership change

Dan Hugo (“Dan”) has decided to stand down in his capacity as chief executive of PSG
Distribution. He has been with the Company since inception and has played an invaluable role
in PSG Financial Services 25 years success story. Dan’s passion has always been his deep-
rooted relationships with the adviser offices and driving growth.
Dan has agreed to continue as Chair of Adviser Acquisition’s working closely with Chris
Liebenberg who is the head of our national adviser acquisitions. He will relinquish all his other
subsidiary company directorships to focus on the new role.

We are pleased to announce Edward Gibbens (“Edward”), an industry stalwart with 30 years of
experience at the Santam Group (“Santam”), will succeed Dan as chief executive of PSG
Distribution. He brings in-depth knowledge of the distribution space through his various senior
roles at Santam, such as head of broker distribution and more recently as chief commercial
officer. Edward will commence his appointment with effect from 2 April 2024, after completing his
commitments to Santam.

The Board would like to thank Dan for his valuable contribution to the firm. We look forward to
his on-going involvement as chairman of our adviser acquisition’s activities; working with Edward
and Chris to grow the business further.


Tyger Valley
12 October 2023

JSE Sponsor: PSG Capital Proprietary Limited
NSX Sponsor: PSG Wealth Management (Namibia) Proprietary Limited, member of the Namibian
Stock Exchange
SEM Authorised Representative and SEM Sponsor: Perigeum Capital Ltd

This notice is issued pursuant to the JSE Limited Listings Requirements and the SEM Listing
Rules. The board of directors of PSG Financial Services accepts full responsibility for the
accuracy of the information contained in this communiqué.

Date: 12-10-2023 07:05:00
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