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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”)
RESULTS OF MANDATORY OFFER
1. Introduction
Shareholders are referred to the respective announcements released on the Stock Exchange News Service in
relation to a mandatory offer for enX shares by MCC Contracts Proprietary Limited and African Phoenix
Investments Limited (collectively the “Offerors”), acting in concert, regarding the proposed acquisition of the
remaining shares in enX at an offer consideration of R5.60 per share (the “Offer Consideration”) in terms of
section 123 of the Companies Act 71 of 2008 (the “Mandatory Offer”). Shareholders are further referred to the
combined offer circular containing full details of the Mandatory Offer published on Friday, 8 April 2022 (such
circular, as amended, the “Circular”).
2. Mandatory Offer results
Shareholders are advised that the Mandatory Offer, which closed at 12:00 on Friday, 3 June 2022, was accepted
in respect of 103 371 enX shares, comprising 0.06% of enX’s issued share capital. Accordingly, once all
acceptances have been settled, the Offerors will collectively hold 37.83% of the issued share capital of enX.
3. Responsibility statements
The enX Independent Board accepts responsibility for the information contained in this announcement insofar as
it relates to enX, and certifies that, to the best of its knowledge and belief, such information contained herein is
true and nothing has been omitted which is likely to affect the import of such information.
The Offerors accept responsibility for the information contained in this announcement insofar as it relates to the
Offerors, and certify that, to the best of their knowledge and belief, the information contained in this
announcement relating to the Offerors is true and nothing has been omitted which is likely to affect the import of
such information.
6 June 2022
Transaction Sponsor to enX
The Standard Bank of South Africa Limited
Corporate advisor to the Offerors
Java Capital
Legal advisor to enX
Bowman Gilfillan Inc.
