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Results of general meeting
ENX GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2001/029771/06)
JSE share code: ENX ISIN: ZAE000195723
(“enX” or “the company”)
RESULTS OF GENERAL MEETING
Shareholders are referred to the announcement released on SENS on 24 August 2016, wherein shareholders
were advised enX had posted a circular, together with a notice convening general meeting, to shareholders
relating to:
- the proposed acquisition by enX of 100% of the equity in Eqstra Investments Proprietary Limited that
will own Eqstra Group Limited’s Industrial Equipment division and Eqstra’s Fleet Management and
Logistics division and the recapitalisation of Eqstra for an aggregate consideration of approximately
R7.8 billion;
- a specific authority to issue new enX shares for up to R1.5 billion for cash, to enX shareholders and
institutional investors;
- the consolidation of enX’s shares in the ratio of 11 to 1; and
- an increase in the number of enX authorised shares.
Shareholders are advised that at the general meeting of enX shareholders, held on Thursday,
22 September 2016, all of the resolutions tabled thereat were passed by the requisite majority of
shareholders.
Details of the results of the general meeting are as follows:
- total number of enX shares that could have been voted at the general meeting: 600 184 057;
- total number of enX shares that were present/represented at the general meeting: 488 769 901 being 81%
of the total number of enX shares that could have been voted at the general meeting.
Special resolution number 1: Consolidation of shares
Shares voted For Against Abstentions
488 769 901 488 769 901, being 100% - -
Special resolution number 2: Increase of the company’s authorised shares
Shares voted For Against Abstentions
488 769 901 488 769 901, being 100% - -
Ordinary resolution number 1: Approval of the Eqstra transaction
Shares voted For Against Abstentions
488 769 901 488 769 901, being 100% - -
Special resolution number 3: Authority to issue shares in terms of section 41(3) of the Companies Act in
respect of the Eqstra transaction
Shares voted For Against Abstentions
488 769 901 488 769 901, being 100% - -
Special resolution number 4: Provision of financial assistance to related and inter-related parties
Shares voted For Against Abstentions
488 769 901 488 769 901, being 100% - -
Ordinary resolution number 2: Specific authority to issue shares for cash
Shares voted For Against Abstentions
488 769 901 488 769 901, being 100% - -
Special resolution number 5: Authority to issue shares in terms of sections 41(1) and 41(3) of the
Companies Act
Shares voted For Against Abstentions
488 769 901 488 769 901, being 100% - -
Ordinary resolution number 3: Election of Jan Lodewyk Serfontein as a director
Shares voted For Against Abstentions
488 769 901 488 769 901, being 100% - -
Ordinary resolution number 4: Election of Louis Von Zeuner as a director
Shares voted For Against Abstentions
488 769 901 488 769 901, being 100% - -
Ordinary resolution number 5: Election of Stefanes Booysen as a director
Shares voted For Against Abstentions
488 769 901 488 769 901, being 100% - -
Ordinary resolution number 6: Adoption of the enX Forfeitable Share Plan
Shares voted For Against Abstentions
488 769 901 488 769 901, being 100% - -
Ordinary resolution number 7: Control over unissued ordinary shares in respect of the enX Forfeitable
Share Plan
Shares voted For Against Abstentions
488 769 901 488 769 901, being 100% - -
Special resolution number 6: Allotment and issue of shares to directors and prescribed officers
Shares voted For Against Abstentions
488 769 901 488 769 901, being 100% - -
Special resolution number 7: Financial assistance under the enX Forfeitable Share Plan
Shares voted For Against Abstentions
488 769 901 488 769 901, being 100% - -
Special resolution number 8: Share repurchases
Shares voted For Against Abstentions
488 769 901 488 769 901, being 100% - -
Ordinary resolution number 8: General authority to issue shares for cash
Shares voted For Against Abstentions
488 769 901 488 769 901, being 100% - -
Ordinary resolution number 9: General authority
Shares voted For Against Abstentions
488 769 901 488 769 901, being 100% - -
Shareholders are advised that special resolutions number 1 and 2 relating to the consolidation of enX’s
shares in the ratio of 11 to 1 and the increase in the number of enX authorised shares have been lodged with
the Companies and Intellectual Property Commission (“CIPC”) for filing. A finalisation announcement will
be released on SENS once these resolutions have been filed by CIPC.
22 September 2016
Corporate advisor and sponsor
Java Capital
Date: 22/09/2016 03:32:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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