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ONELOGIX GROUP LIMITED - Disposal of minority interest in DriveRisk Proprietary Limited and renewal of cautionary announcement

Release Date: 23/08/2017 15:35
Code(s): OLG     PDF:  
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Disposal of minority interest in DriveRisk Proprietary Limited and renewal of cautionary announcement

ONELOGIX GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/004519/06)
JSE share code: OLG ISIN: ZAE000026399
(“OneLogix” or “the company”)


DISPOSAL OF MINORITY INTEREST IN DRIVERISK PROPRIETARY LIMITED AND RENEWAL OF CAUTIONARY ANNOUNCEMENT


Shareholders are referred to the cautionary announcement dated 9 May 2017, and the renewal of cautionary
announcements dated 22 May 2017, 4 July 2017 and 16 August 2017, and are advised that OneLogix has reached
agreement with DriveRisk Proprietary Limited (“DriveRisk”), Blue Crane Trading 134 Proprietary Limited,
K2017198162 (South Africa) Proprietary Limited, Spirit Capital Proprietary Limited, Griffen Investment Services
Proprietary Limited and Louis Benjamin Swart to dispose of its 49% minority interest in DriveRisk (the “disposal”).
OneLogix will realise R65 million from the disposal.

Formal agreements are in the process of being finalised and it is expected that the disposal will be categorised 
as a Category 2 transaction in terms of the JSE Listings Requirements. A full terms announcement will be released 
on SENS once formal agreements have been finalised and signed.

Shareholders are advised to continue to exercise caution when dealing in the company’s securities until a further
announcement is made.


23 August 2017


Sponsor
Java Capital

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