PSV Holdings Limited (JSE:PSV) announced that it entered into a subscription agreement of 143,103,148 shares at a price of ZAR 0.18 per share for gross proceeds of ZAR 25,758,567 on June 14, 2018. The transaction will include participation from the new investor Regis Holdings Limited. The transaction is expected to close by August 15, 2018.

The transaction is subject to the approval of shareholders of the company.