PSG FINANCIAL SERVICES LIMITED - Exercise and related net-cash settlement of share options in terms of The PSG Konsult Group Share Incentive Trust

Exercise and related net-cash settlement of share options in terms of The PSG Konsult Group Share Incentive Trust

PSG FINANCIAL SERVICES 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")


EXERCISE AND RELATED NET-CASH SETTLEMENT OF SHARE OPTIONS IN TERMS
OF THE PSG KONSULT GROUP SHARE INCENTIVE TRUST


Upon the exercise of the share options referred to below, PSG Financial Services elected to
settle same on a net-cash basis. Accordingly, no shares were traded.
Due to the net-cash settlement, the executive directors did not receive any PSG Financial
Services shares in respect of such options exercised, but only the net after-tax amount in
cash.
In the interest of transparency, the following information regarding the exercise of options is
consequently disclosed:

1.
 NAME OF DIRECTOR                                CM Masondo

 COMPANY OF WHICH A DIRECTOR                     PSG Insure Holdings Proprietary Limited (a
                                                 major subsidiary of PSG Financial Services)

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive

 TYPE AND CLASS OF SECURITIES                    Options in relation to ordinary shares

 EXERCISE DATE OF OPTIONS                        22 October 2024

 OPTION STRIKE PRICE                             R12.04

 NUMBER OF OPTIONS EXERCISED                     250 000

 PERIOD OF EXERCISE                              Participants have a 5-month period from the
                                                 vesting date of 1 July 2024 during which the
                                                 options can be exercised

 NATURE OF TRANSACTION                           Exercise of share options by the director at
                                                 the closing price on the exercise date of
                                                 R19.15 per share and related net-cash
                                                 settlement (Off-market transaction)

 NATURE AND EXTENT OF INTEREST IN                Direct, Beneficial
 THE TRANSACTION

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Listings
Requirements.


Tyger Valley
22 October 2024

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 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: 22-10-2024 02:00:00
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