eXtract GROUP LIMITED - Correction to the ratio apportionment of expenditure and market value in respect of the Unbundling
EXG 201611180014A
Correction to the ratio apportionment of expenditure and market value in respect of the Unbundling
EXTRACT GROUP LIMITED
(formerly Eqstra Holdings Limited)
(Incorporated in South Africa)
(Registration number 1998/011672/06)
Share code: EXG ISIN: ZAE000223202
(“eXtract” or the “Company”)
Correction to the ratio apportionment of expenditure and market value in respect of the
unbundling by eXtract of the enX Consideration Shares
1. Introduction
eXtract ordinary shareholders (“eXtract Shareholders”) are referred to the announcement
released on the Stock Exchange News Service operated by the JSE Limited on 17 November
2016, advising eXtract Shareholders of the apportionment ratio in which the expenditure
incurred and the market value of eXtract Shares must be apportioned for South African tax
purposes between the Unbundled enX Shares and the eXtract Shares held at the time of the
Unbundling.
2. Correction to the apportionment ratio
eXtract Shareholders are hereby advised that the expenditure and market value of their eXtract
Shares must be apportioned in the ratio of 13.88293% to an eXtract Share and 86.11707% to an
Unbundled enX Share.
THIS ANNOUNCEMENT IS NOT INTENDED TO BE A COMPLETE ANALYSIS OF THE TAX IMPLICATIONS
OF THE UNBUNDLING. IT IS NOT INTENDED TO BE, NOR SHOULD IT BE CONSIDERED TO BE, LEGAL OR
TAX ADVICE. EQSTRA SHAREHOLDERS ARE ADVISED TO CONSULT THEIR OWN PROFESSIONAL TAX
ADVISORS ON THE TAXATION CONSEQUENCES OF THE UNBUNDLING IN BOTH SOUTH AFRICA AND
THEIR JURISDICTION OF RESIDENCE AND THE CALCULATION OF THEIR COSTS FOR TAX PURPOSES.
18 November 2016
Johannesburg
Corporate Advisor: Rothschild (South Africa) Proprietary Limited
Transaction Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Legal Advisor: Werksmans Inc.
Date: 18/11/2016 10:37:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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