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enX GROUP LIMITED - Declaration of a special distribution of R5.00 per share

Release Date: 13/06/2024 12:15
Code(s): ENX     PDF:  
Wrap Text
Declaration of a special distribution of R5.00 per share

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")


DECLARATION OF A SPECIAL DISTRIBUTION OF R5.00 PER SHARE


Shareholders are referred to the announcement today regarding the closing of the divestment of Eqstra Investments
Holdings Proprietary Limited and the receipt of ZAR990 500 000 net of retention and escrow amounts. The directors
of enX regard these proceeds as surplus to the operational requirements of enX. Accordingly, it has resolved to declare
a gross special distribution of R5.00 ( 500.0 cents) per enX share (the "Distribution") to enX ordinary shareholders
that are recorded as such on Friday, 12 July 2024. The Distribution will deemed to be a dividend, for South African tax
purposes, in terms of section 1 of the Income Tax Act No 58 of 1962 (''Income Tax Act'') being a distribution to
shareholders not funded from Contributed Tax Capital as defined in the Income Tax Act. A dividend withholding tax
of 20% will be applicable to all shareholders who are not exempt. A net special distribution of R4.00 (400.0 cents) per
enX ordinary share will therefore be applicable to them. Application has been made to the exchange control division of
the South African Reserve Bank for approval of the Distribution. Once received, the finalisation information pertaining
to the payment of the Distribution will be communicated to shareholders.

Indicative salient information, dates and times relating to the Distribution:

The indicative salient dates relating to the Distribution are set out below and will be confirmed with the finalisation
information announcement:

 Issued share capital as at declaration date                                                             182 312 650

 Company Tax Reference Number                                                                            9483233145

                                                                                                     
                                                                                                               2024
  Declaration date announcement in respect of the Distribution released on SENS                    Thursday, 13 June

  Finalisation date announcement in respect of the Distribution released on SENS                     Monday, 01 July
  (anticipated) on or about

  Last day to trade in enX ordinary shares in order to receive the Distribution                     Tuesday, 09 July

  enX ordinary shares trade 'ex' the entitlement to receive the Distribution from                 Wednesday, 10 July

  Record date for receipt of the Distribution                                                        Friday, 12 July

  Distribution paid to enX ordinary shareholders                                                    Monday, 15 July


Notes
1. All times given are local times in South Africa.
2. The dates and times set out above are subject to change. Any such change will be released on SENS.
3. No dematerialisation or rematerialisation of enX ordinary shares may take place between Wednesday, 10 July 2024
and Friday, 12 July 2024, both days inclusive.

13 June 2024


Sponsor
The Standard Bank of South Africa Limited

Date: 13-06-2024 12:15:00
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