enX Group Limited (JSE:ENX) News - Confirmation of closing date of Mandatory Offer

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”)


CONFIRMATION OF CLOSING DATE OF MANDATORY OFFER


1.    Introduction
      Shareholders are referred to the respective announcements released on the Stock Exchange News Service
      (“SENS”) 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 2002 as
      amended as detailed in the SENS of 26 April 2022 (such circular, as amended, the “Circular”).

2.    Mandatory Offer – Confirmation of closing date
      Shareholders are advised that the closing date of the Mandatory Offer will be at 12:00 on Friday, 3 June 2022,
      being the same date as anticipated in the Circular.

     The remaining important dates and times in relation to the Mandatory Offer are set out in the table below:
                                                                                                                                  2022
     Last day to trade in enX shares on the JSE in order to participate in the Mandatory Offer                                Tuesday, 31 May
     Date on which the shares trade “ex” the Mandatory Offer                                                                Wednesday, 1 June
     Mandatory Offer closes at 12:00 on                                                                                        Friday, 3 June
     Record date on which enX shareholders must hold enX shares in order to accept the Mandatory Offer                         Friday, 3 June
     Results of the Mandatory Offer announced on SENS                                                                          Monday, 6 June
     Mandatory Offer consideration paid to offer participants, with the last payment on                                        Monday, 6 June
     Results of the Mandatory Offer published in the press                                                                    Tuesday, 7 June

     Notes:
     1. All dates and times in this announcement are local dates and times in South Africa.
     2. The above dates and times are subject to change. Any changes will be released on SENS and, if required, published in the press.
     3. No dematerialisation and rematerialisation of enX shares may take place between Wednesday, 1 June 2022 and Friday, 3 June 2022,
        both days inclusive.

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.


19 May 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.

Date: 19-05-2022 01:00:00
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