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JSE fairness opinions and TRP fair and reasonable opinions

PSG Capital has significant expertise and experience in providing JSE fairness and TRP fair and reasonable opinions. Our dedicated team works diligently to provide clients with the highest standards of service, often under tight deadlines.

JSE fairness opinion

In the case of certain transactions and corporate actions, the JSE Listings Requirements require that a JSE-approved independent expert expresses an opinion on whether same is fair or unfair to shareholder of a listed company.

PSG Capital is one of a limited number of advisors who have been pre-approved by the JSE in order to provide fairness opinions. This is testament to the strength of our team and allows PSG Capital to accept and commence such client mandates immediately without the need to obtain further JSE approval, thereby saving time and providing clients with peace of mind.

TRP fair and reasonable opinion

The Companies Act and regulations require that, in the event of certain affected transactions governed by the Takeover Regulation Panel, an independent expert opines on whether same is fair and reasonable to shareholders.


When is a JSE fairness opinion and/or TRP fair and reasonable opinion required?

A JSE fairness opinion and/or a TRP fair and reasonable opinion may be required in, inter alia, the following instances: