EQSTRA HOLDINGS LIMITED - Posting of circular and notice of general meeting

Release Date: 24/08/2016 17:00
Code(s): EQS
Wrap Text
Posting of circular and notice of general meeting

(Incorporated in South Africa)
(Registration number 1998/011672/06)
Share code: EQS ISIN: ZAE000117123
(“Eqstra” or the “Company”)

Circular relating to the proposed disposal of Eqstra’s Fleet Management and Logistics Division and
Industrial Equipment Division to enX Group Limited (“enX”), together with a recapitalisation of the
remaining Eqstra business by enX (“Proposed Transaction”) and notice of general meeting

1. Circular and notice of general meeting

   Shareholders are referred to the announcement dated 30 June 2016 containing details of the
   Proposed Transaction and are hereby advised that the Company has today (24 August 2016)
   posted a circular pertaining to the Proposed Transaction (“Circular”), which document
   incorporates a notice of general meeting of Eqstra shareholders (“General Meeting”) to be held
   at 09:00 at 61 Maple Street, Pomona, Kempton Park, 1619 on Thursday, 22 September 2016.
   Copies of the Circular are available on the Company’s website at www.eqstra.co.za and may be
   obtained at the Company’s Registered Office, 61 Maple Street, Pomona, Kempton Park, 1619
   from Wednesday, 24 August 2016 to Thursday, 22 September 2016.

2. Salient dates and times

   Set out below are the salient dates and times pertaining to the implementation of the Proposed

     Last day to trade in order to be recorded in the register to vote     Tuesday, 13 September
     at the General Meeting
     Record date for voting at the General Meeting                          Friday, 16 September
     Form of proxy to be received by the transfer secretaries              Tuesday, 20 September
     (Computershare Investor Services Proprietary Limited) by no
     later than 09:00 on (or may be handed to the Chairperson of
     the General Meeting prior to the commencement of the
     General Meeting)
     General Meeting to be held at 09:00 on                               Thursday, 22 September
     Results of General Meeting released on SENS                          Thursday, 22 September
     Results of General Meeting published in the South African press        Friday, 23 September
     Finalisation announcement for the unbundling1 (“Unbundling”)            Tuesday, 8 November
     of enX ordinary shares (received as consideration for the
     Proposed Transaction) (“enX Consideration Shares”) and
     change of name to eXtract Group Limited (“Change of Name”)
     released on SENS no later than 10:00 on
     Last day to trade in Eqstra ordinary shares on the JSE to              Tuesday, 15 November
     participate in the Unbundling
     Last day to trade in Eqstra ordinary shares under the old name         Tuesday, 15 November
     Listing and trading of the new Eqstra ordinary shares under the      Wednesday, 16 November
     new name “eXtract Group Limited” (ISIN: ZAE000223202) and
     removal of the old Eqstra ordinary shares on the JSE trading
     Announcement relating to the ratio to be used for the                Wednesday, 16 November
     apportionment of the base cost between Eqstra ordinary shares
     and enX Consideration Shares to be released on SENS
     Unbundling record date to receive enX Consideration Shares              Friday, 18 November
     and record date for the new name “eXtract Group Limited”
     enX Consideration Shares unbundled to Eqstra ordinary                   Monday, 21 November
     Eqstra ordinary shareholders’ accounts with CSDP or broker              Monday, 21 November
     Issue of ordinary shares with the new name “eXtract” and                Monday, 21 November
     certificates posted/CSDPs and brokers accounts updated
1. The Unbundling will be in the ratio of 0.13 enX Consideration Shares for every 1 Eqstra ordinary
   share (based on the number of Eqstra ordinary shares in issue at 12 August 2016) held at the
   close of business on the Unbundling record date (subject to the rounding principles contained
   in the Eqstra memorandum of incorporation i.e. allocations will be rounded down to the
   nearest whole number if they are less than 0.5 and will be rounded up to the nearest whole
   number if they are equal to or greater than 0.5, resulting in such allocations of whole enX
   Consideration Shares and no fractional enX Consideration Shares).
2. All dates and times shown above are South African dates and times.
3. The above dates and times are subject to amendment. Any such amendment will be released
   on SENS and published in the South African press.

24 August 2016


Corporate Advisor: Rothschild (South Africa) Proprietary Limited
Transaction Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Legal Advisor: Werksmans Inc.

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