PSG Konsult to list on JSE - CNBC Africa

PSG Konsult to list on JSE


by Trust Matsilele 0

PSG Konsult is set to make a debut on the main board of the JSE. PHOTO: PSG

The financial services company will join Africa’s leading stock market after JSE granted it a listing by way of introduction of all its issued ordinary shares on the JSE main board.

(READ MORE: PSG focused on optimising existing portfolio)

A subsidiary of JSE listed, PSG Group Limited which was incorporated on 14 July 1993, is one of the largest independent intermediary financial service providers in South Africa.

Among others, the company’s listing is meant to help the company raise equity capital in the future, when required.

“The listing will provide shareholders with a liquid, tradable asset within a regulated environment, with a market-determined share price,” said the company.

This move will also give the general public an opportunity to acquire an equity stake in PSG Konsult and thereby share in its potential success in future with share code ‘KST’.

(WATCH VIDEO: PSG Konsult FY results with CEO with Willem Theron)

The company’s listing will also help incentivise employees and align their interests with those of shareholders through the allocation of options for listed shares.

“As at the listing date, the total authorised share capital of PSG Konsult will comprise of three billion ordinary no par value shares,” noted the company.