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enX GROUP LIMITED - Finalisation announcement and salient dates for the consolidation and authorised share increase

Release Date: 11/10/2016 11:12
Code(s): ENX     PDF:  
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Finalisation announcement and salient dates for the consolidation and authorised share increase

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”)


FINALISATION ANNOUNCEMENT AND SALIENT DATES FOR THE CONSOLIDATION AND AUTHORISED SHARE INCREASE


Shareholders are referred to the announcements released on SENS on 24 August 2016 and 22 September 2016 in respect of,
inter alia:

-     the consolidation of enX’s shares in the ratio of 11 to 1 (the “consolidation”); and
-     an increase in the number of enX authorised shares (the “authorised share increase”).

enX is pleased to advise that the special resolutions in respect of the consolidation and authorised share increase, together
with all prescribed documents, have been accepted and placed on file by the Companies and Intellectual Property
Commission (“CIPC”).

The salient dates and times in respect of the implementation of the consolidation and authorised share increase are as
follows:

                                                                                                                      2016
Special resolution relating to the consolidation and the authorised share increase accepted and
filed by CIPC                                                                                           Monday, 10 October
Consolidation finalisation announcement is published on SENS                                           Tuesday, 11 October
Last day to trade in existing enX shares prior to the consolidation                                    Tuesday, 18 October
Trading in consolidated enX shares under new ISIN ZAE000222253 commences                             Wednesday, 19 October
Price for fractional entitlements announced on SENS                                                   Thursday, 20 October
Record date for the consolidation at close of business on                                               Friday, 21 October
Dematerialised shareholders will have their accounts at their CSDP or broker updated to
reflect the consolidated enX shares                                                                     Monday, 24 October
New replacement share certificates issued to certificated shareholders, provided that the old
share certificates have been lodged by 12:00 on Friday, 21 October 2016 (share certificates
received after this time will be posted within 5 business days of receipt)                              Monday, 24 October

Notes:
1.    All dates and times are local dates and times in South Africa.
2.    No dematerialisation or rematerialisation of enX shares may take place between Wednesday, 19 October 2016 and
      Friday, 21 October 2016, both days inclusive.

In implementing the consolidation, enX is required by the JSE to apply the rounding principle that a shareholder becoming
entitled to a fraction of a share arising from the consolidation will be rounded down to the nearest whole number, resulting
in the allocation of whole new enX shares and a cash payment for the fraction. The value of such cash payment will be the
volume weighted average traded price per enX share less 10% on the first day of trade after the last day to trade in order to
participate in the consolidation, which will be announced on SENS on the second day of trade after the last day to trade in
order to participate in the consolidation.

11 October 2016

Corporate advisor and sponsor                                       Legal advisor to enX
Java Capital                                                        enS Africa
Date: 11/10/2016 11:12:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
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