ONELOGIX GROUP LIMITED - Disposal of minority interest in DriveRisk Proprietary Limited and renewal of cautionary announcement
OLG 201708230041A
Disposal of minority interest in DriveRisk Proprietary Limited and renewal of cautionary announcement
ONELOGIX GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/004519/06)
JSE share code: OLG ISIN: ZAE000026399
(“OneLogix” or “the company”)
DISPOSAL OF MINORITY INTEREST IN DRIVERISK PROPRIETARY LIMITED AND RENEWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the cautionary announcement dated 9 May 2017, and the renewal of cautionary
announcements dated 22 May 2017, 4 July 2017 and 16 August 2017, and are advised that OneLogix has reached
agreement with DriveRisk Proprietary Limited (“DriveRisk”), Blue Crane Trading 134 Proprietary Limited,
K2017198162 (South Africa) Proprietary Limited, Spirit Capital Proprietary Limited, Griffen Investment Services
Proprietary Limited and Louis Benjamin Swart to dispose of its 49% minority interest in DriveRisk (the “disposal”).
OneLogix will realise R65 million from the disposal.
Formal agreements are in the process of being finalised and it is expected that the disposal will be categorised
as a Category 2 transaction in terms of the JSE Listings Requirements. A full terms announcement will be released
on SENS once formal agreements have been finalised and signed.
Shareholders are advised to continue to exercise caution when dealing in the company’s securities until a further
announcement is made.
23 August 2017
Sponsor
Java Capital
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