PSG Group announced that it intends to delist from the Johannesburg Stock Exchange (JSE), to narrow its trade discount and improve liquidity. It wants to unbundle its stakes in PSG Konsult, Curro, Kaap Agri, CA&S and 25.1% of Stadio, then it will repurchase all PSG Group shares held by its shareholders for R23 per share in cash. This is the second value-unlock initiative recently undertaken by PSG following the unbundling of Capitec. The transaction is subject to shareholder and regulatory approvals and should be concluded in August 2022.
