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Exercise and Related 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 SETTLEMENT OF SHARE OPTIONS IN TERMS OF THE PSG
KONSULT GROUP SHARE INCENTIVE TRUST
In compliance with the JSE Listings Requirements, the following information is disclosed regarding
the exercise of share options:
1.
NAME OF DIRECTOR FJ Gouws
COMPANY OF WHICH A DIRECTOR PSG Financial Services Limited
STATUS: EXECUTIVE/NON- Executive
EXECUTIVE
TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares
NATURE OF TRANSACTION Exercise of share options by the director
at the closing price on 8 May 2026 of
R27.94 per share and related net-cash
settlement (Off-market transaction)
EXERCISE DATE OF OPTIONS 8 May 2026
OPTION STRIKE PRICE R9.08 (1)
R12.71 (2)
R12.17 (3)
R14.70 (4)
NUMBER OF OPTIONS EXERCISED 2 125 000 (1)
1 312 500 (2)
1 250 000 (3)
1 162 500 (4)
PERIOD OF EXERCISE Participants have a 5-month period from (1)-(4)
the vesting date of 1 April 2026 during
which the options can be exercised
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
2.
NAME OF DIRECTOR MIF Smith
COMPANY OF WHICH A DIRECTOR PSG Financial Services Limited
STATUS: EXECUTIVE/NON- Executive
EXECUTIVE
TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares
NATURE OF TRANSACTION Exercise of share options by the director
at the closing price on 8 May 2026 of
R27.94 per share and related net-cash
settlement (Off-market transaction)
EXERCISE DATE OF OPTIONS 8 May 2026
OPTION STRIKE PRICE R9.08 (1)
R12.71 (2)
R12.17 (3)
R14.70 (4)
NUMBER OF OPTIONS EXERCISED 525 000 (1)
375 000 (2)
312 500 (3)
312 500 (4)
PERIOD OF EXERCISE Participants have a 5-month period from (1)-(4)
the vesting date of 1 April 2026 during
which the options can be exercised
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
3.
NAME OF DIRECTOR JL Johannes
COMPANY OF WHICH A DIRECTOR PSG Financial Services Limited
STATUS: EXECUTIVE/NON- Executive
EXECUTIVE
TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares
NATURE OF TRANSACTION Exercise of share options by the director
at the closing price on 8 May 2026 of
R27.94 per share and related after-tax
net-equity settlement (Off-market
transaction)
EXERCISE DATE OF OPTIONS 8 May 2026
OPTION STRIKE PRICE R9.08 (1)
R12.71 (2)
R12.17 (3)
R14.70 (4)
NUMBER OF OPTIONS EXERCISED 12 500 (1)
12 500 (2)
12 500 (3)
31 250 (4)
NUMBER OF SHARES TO BE 4 536 (1)
RECEIVED 3 663 (2)
3 793 (3)
7 962 (4)
PERIOD OF EXERCISE Participants have a 5-month period from (1)-(4)
the vesting date of 1 April 2026 during
which the options can be exercised
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
4.
NAME OF DIRECTOR NM Gudka
COMPANY OF WHICH A DIRECTOR PSG Wealth Financial Planning
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
NATURE OF TRANSACTION Exercise of share options by the director
at the closing price on 8 May 2026 of
R27.94 per share and related net-cash
settlement (Off-market transaction)
EXERCISE DATE OF OPTIONS 8 May 2026
OPTION STRIKE PRICE R9.08 (1)
R12.71 (2)
R12.17 (3)
R14.70 (4)
NUMBER OF OPTIONS EXERCISED 525 000 (1)
375 000 (2)
312 500 (3)
312 500 (4)
PERIOD OF EXERCISE Participants have a 5-month period from (1)-(4)
the vesting date of 1 April 2026 during
which the options can be exercised
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
5.
NAME OF DIRECTOR EF Gibbens
COMPANY OF WHICH A DIRECTOR PSG Wealth Financial Planning
Proprietary Limited (a major subsidiary of
PSG Financial Services)
STATUS: EXECUTIVE/NON- Executive
EXECUTIVE
TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares
NATURE OF TRANSACTION Exercise of share options by the director
at the closing price on 8 May 2026 of
R27.94 per share and related after-tax
net-equity settlement (Off-market
transaction)
EXERCISE DATE OF OPTIONS 8 May 2026
OPTION STRIKE PRICE R14.70
NUMBER OF OPTIONS EXERCISED 375 000
NUMBER OF SHARES TO BE 97 736
RECEIVED
PERIOD OF EXERCISE Participants have a 5-month period from
the vesting date of 1 April 2026 during
which the options can be exercised
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
6.
NAME OF DIRECTOR EC de Waal
COMPANY OF WHICH A DIRECTOR PSG Wealth Holdings Proprietary Limited
(a major subsidiary of PSG Financial
Services)
STATUS: EXECUTIVE/NON- Executive
EXECUTIVE
TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares
NATURE OF TRANSACTION Exercise of share options by the director
at the closing price on 8 May 2026 of
R27.94 per share and related after-tax
net-equity settlement (Off-market
transaction)
EXERCISE DATE OF OPTIONS 8 May 2026
OPTION STRIKE PRICE R9.08 (1)
R12.71 (2)
R12.17 (3)
R14.70 (4)
NUMBER OF OPTIONS EXERCISED 525 000 (1)
375 000 (2)
312 500 (3)
556 250 (4)
NUMBER OF SHARES TO BE 194 911 (1)
RECEIVED 112 426 (2)
97 010 (3)
144 975 (4)
PERIOD OF EXERCISE Participants have a 5-month period from (1)-(4)
the vesting date of 1 April 2026 during
which the options can be exercised
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
7.
NAME OF DIRECTOR KW Madi
COMPANY OF WHICH A DIRECTOR PSG Life Limited (a major subsidiary of
PSG Financial Services)
STATUS: EXECUTIVE/NON- Executive
EXECUTIVE
TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares
NATURE OF TRANSACTION Exercise of share options by the director
at the closing price on 8 May 2026 of
R27.94 per share and related after-tax
net-equity settlement (Off-market
transaction)
EXERCISE DATE OF OPTIONS 8 May 2026
OPTION STRIKE PRICE R9.08 (1)
R12.71 (2)
R12.17 (3)
R14.70 (4)
NUMBER OF OPTIONS EXERCISED 50 000 (1)
50 000 (2)
125 000 (3)
250 000 (4)
NUMBER OF SHARES TO BE 18 563 (1)
RECEIVED 14 990 (2)
38 804 (3)
65 157 (4)
PERIOD OF EXERCISE Participants have a 5-month period from (1)-(4)
the vesting date of 1 April 2026 during
which the options can be exercised
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
8.
NAME OF DIRECTOR HKT Johns
COMPANY OF WHICH A DIRECTOR PSG Life Limited (a major subsidiary of
PSG Financial Services)
STATUS: EXECUTIVE/NON- Executive
EXECUTIVE
TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares
NATURE OF TRANSACTION Exercise of share options by the director
at the closing price on 8 May 2026 of
R27.94 per share and related after-tax
net-equity settlement (Off-market
transaction)
EXERCISE DATE OF OPTIONS 8 May 2026
OPTION STRIKE PRICE R12.71 (1)
R12.17 (2)
R14.70 (3)
NUMBER OF OPTIONS EXERCISED 25 000 (1)
31 250 (2)
50 000 (3)
NUMBER OF SHARES TO BE 7 503 (1)
RECEIVED 9 711 (2)
13 046 (3)
PERIOD OF EXERCISE Participants have a 5-month period from (1)-(3)
the vesting date of 1 April 2026 during
which the options can be exercised
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
9.
NAME OF DIRECTOR AM Ahern
COMPANY OF WHICH A DIRECTOR PSG Asset Management Holdings
Proprietary Limited (a major subsidiary of
PSG Financial Services)
STATUS: EXECUTIVE/NON- Non-executive
EXECUTIVE
TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares
NATURE OF TRANSACTION Exercise of share options by the director at
the closing price on 8 May 2026 of R27.94
per share and related net-cash settlement
(Off-market transaction)
EXERCISE DATE OF OPTIONS 8 May 2026
OPTION STRIKE PRICE R9.08 (1)
R12.71 (2)
R12.17 (3)
NUMBER OF OPTIONS EXERCISED 400 000 (1)
325 000 (2)
250 000 (3)
PERIOD OF EXERCISE Participants have a 5-month period from (1)-(3)
the vesting date of 1 April 2026 during
which the options can be exercised
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
10.
NAME OF DIRECTOR LE Sankar
COMPANY OF WHICH A DIRECTOR PSG Asset Management Holdings
Proprietary Limited (a major subsidiary of
PSG Financial Services)
STATUS: EXECUTIVE/NON- Executive
EXECUTIVE
TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares
NATURE OF TRANSACTION Exercise of share options by the director at
the closing price on 8 May 2026 of R27.94
per share and related after-tax net-equity
settlement (Off-market transaction)
EXERCISE DATE OF OPTIONS 8 May 2026
OPTION STRIKE PRICE R9.08 (1)
R12.71 (2)
R12.17 (3)
R14.70 (4)
NUMBER OF OPTIONS EXERCISED 37 500 (1)
17 500 (2)
31 250 (3)
68 750 (4)
NUMBER OF SHARES TO BE 13 922 (1)
RECEIVED 5 246 (2)
9 700 (3)
17 918 (4)
PERIOD OF EXERCISE Participants have a 5-month period from (1)-(4)
the vesting date of 1 April 2026 during
which the options can be exercised
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
11.
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 to acquire ordinary shares
NATURE OF TRANSACTION Exercise of share options by the director
at the closing price on 8 May 2026 of
R27.94 per share and related after-tax
net-equity settlement (Off-market
transaction)
EXERCISE DATE OF OPTIONS 8 May 2026
OPTION STRIKE PRICE R12.17 (1)
R14.70 (2)
NUMBER OF OPTIONS EXERCISED 62 500 (1)
250 000 (2)
NUMBER OF SHARES TO BE 19 401 (1)
RECEIVED 65 157 (2)
PERIOD OF EXERCISE Participants have a 5-month period from (1)-(2)
the vesting date of 1 April 2026 during
which the options can be exercised
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
Clearance for the above was obtained in terms of paragraph 6.83 of the JSE Listings
Requirements.
Tyger Valley
12 May 2026
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: 12-05-2026 11:30:00
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