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enX GROUP LIMITED - Cautionary Announcement

Release Date: 31/03/2017 10:05
Code(s): ENX     PDF:  
Wrap Text
Cautionary Announcement

ENX GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2001/029771/06)
JSE share code: ENX ISIN: ZAE000222253
(“enX” or “the company”)


CAUTIONARY ANNOUNCEMENT


Shareholders are referred to the announcement released on SENS by eXtract Group Limited (“eXtract”) today,
31 March 2017, wherein eXtract shareholders were provided with further information regarding the strategic review
process underway (the “strategic review”). eXtract shareholders were further advised that eXtract’s interim results
for the six months ended 31 December 2016 would be delayed until 18 April 2017.

enX is a material shareholder of eXtract (holding 20.9% of its ordinary shares) as well as a significant financier
through various subordinated debt and mezzanine financing arrangements.

As a key shareholder and financier, enX is supportive of the strategic review and its key potential outcomes.

enX is working closely with eXtract and through the strategic review will seek to create greater certainty regarding its
investment in eXtract and unlock value for our shareholders.

Certain outcomes of the strategic review may have a material effect on the price of the company’s securities.
Shareholders are accordingly advised to exercise caution when dealing in the company’s securities until a further
announcement is made.

31 March 2017


Corporate advisor and sponsor
Java Capital


For further information please contact:


FTI consulting
Frank Ford                                                             +27(0)21 487 9022      +27(0)767 881 926
                                                                       frank.ford@fticonsulting.com

enX Group Limited
Paul Mansour                                                           +27(0)72 286 3897
                                                                       paul.mansour@enxgroup.co.za

Date: 31/03/2017 10:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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