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")

CORRECTION TO DEALINGS ANNOUNCEMENT

Shareholders are referred to:

  • • the firm intention announcement published on SENS on 28 January 2022 (the "FIA") regarding a mandatory offer to enX shareholders by MCC Contracts Proprietary Limited and African Phoenix Investments Limited ("African Phoenix") (collectively the "Offerors"), acting in concert, to acquire the remaining shares in enX at an offer consideration of R5.60 per share in terms of section 123 of the Companies Act 71 of 2008 and regulation 86(1) of the Companies Regulations, 2011;

  • • the dealings announcement published on 31 January 2022, which was issued in relation to the acquisitions of enX shares that triggered the FIA (the "Dealings Announcement").

Shareholders are advised that the directors of the Offerors have detected and brought to the Company's attention certain errors in the Dealings Announcement, which arose as a result of a miscalculation of the mathematical impact of the cross-shareholdings amongst the companies comprising the Offerors' group of companies on certain enX directors' beneficial interests in African Phoenix. Whilst the errors are minor and ultimately immaterial, the directors of enX consider it necessary and appropriate to communicate the corrected beneficial interests of enX directors in African Phoenix shares.

Name of associate:

African Phoenix

Name of director and relationship to director:

Paul Baloyi has an indirect beneficial interest of 5.5%, Warren

Chapman has an indirect beneficial interest of 40.9%, Oyama

Mabandla has a direct beneficial interest of 2.3% and Andrew

Hannington has an indirect beneficial interest of 0.0001% in

African Phoenix

Transaction date:

26 January 2022

Class of securities:

Ordinary shares

Number of securities:

7 559 375

Price per security:

R5.60

Total value:

R42 332 500.00

Nature of transaction:

Off-market purchase

Nature and extent of director's interest:

Indirect beneficial

26 April 2022

Sponsor

The Standard Bank of South Africa Limited

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

enX Group Ltd. published this content on 26 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2022 16:01:12 UTC.