Chamwe Kaira
PSG Financial Services has announced that some of its non-executive directors and their associates received PSG Financial Services shares following the implementation of a scheme of arrangement involving Curro Holdings Limited.
In a notice issued on Wednesday, shareholders were referred to Curro’s announcement published on the JSE Stock Exchange News Service on 23 December 2025.
The announcement confirmed that the Jannie Mouton Stigting acquired the remaining Curro shares through a scheme of arrangement.
Under the scheme, Curro shareholders received a mix of cash and shares held by the trust in two listed companies, including PSG Financial Services.
The scheme was implemented on 12 January 2026.
Some PSG Financial Services directors, or their associates, held Curro shares and received PSG Financial Services shares on the same basis as other Curro shareholders.
Non-executive director Petrus Johannes Mouton, together with trusts and companies linked to him, received a total of 7.54 million PSG Financial Services ordinary shares.
The shares were issued at a deemed price of N$26.89 each, being the closing price on the scheme record date of 9 January 2026.
The total value of the shares received by Mouton and his associates amounted to about N$202.8 million.
The shares were received directly and indirectly through a combination of trusts, family members, and investment entities.
Another non-executive director, PE Burton, received PSG Financial Services shares through associated trusts in which he is a trustee and beneficiary.
He received a total of 41 496 ordinary shares, valued at about N$1.12 million, also at a price of N$26.89 per share.
The company said the transactions were off-market receipts of PSG Financial Services shares linked to the scheme of arrangement and did not require clearance.
The board accepted responsibility for the accuracy of the information disclosed and noted that references to associates are defined in the JSE Listings Requirements.
