PSV Holdings extends cautionary amid liquidation and recapitalisation efforts

PSV Holdings Limited (PSV) has again renewed its cautionary announcement, confirming the company remains under provisional liquidation. A proposed recapitalisation, previously mentioned in a July 2025 announcement, is still under consideration. PSV Holdings, incorporated in the Republic of South Africa, continues to operate under these circumstances.

The company is ensuring all corporate actions adhere to JSE Listings Requirements and Takeover Regulations and is committed to keeping shareholders informed. Recent engagements include a meeting between the liquidator and DNG Energy Limited's (DNG's) attorney, and a separate meeting with the JSE to assess the company's prospects and future direction.

Further discussions in July and August 2025 led to DNG proposing to take the business out of provisional liquidation. The liquidator has since requested a motivated Section 155 scheme of arrangement, which is currently being prepared. A meeting with the legal team for this scheme is scheduled for 10 September 2025. In light of these developments, PSV advises shareholders to continue exercising caution when trading its securities until a comprehensive announcement is made. The announcement was issued from Johannesburg on 9 September 2025, with AcaciaCap Advisors Proprietary Limited serving as the designated advisor.