enX GROUP LIMITED - Notification in terms of section 45(5) of the Companies Act 71 of 2008
ENX 201708290041A
Notification in terms of section 45(5) of the Companies Act 71 of 2008
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”)
NOTIFICATION IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT 71 OF 2008
1. Notice is hereby given that, in terms of the provisions of section 45(5) of the Companies Act 71 of 2008
(the “Companies Act”), and pursuant to the special resolution passed at the annual general meeting of the
Company held on Wednesday, 29 March 2017, the board of directors of the company (the “board”) has
adopted a resolution to provide financial assistance to Friedshelf 1320 Proprietary Limited (“Friedshelf”)
by the issuance of a guarantee by the Company in respect of certain loan and banking facilities being made
available to Friedshelf by the financing parties, which constitutes direct and/or indirect financial assistance
in terms of the provisions of section 45(5) of the Companies Act.
2. Friedshelf is a wholly owned subsidiary of the Company which holds its Power, Wood and Petrochemical
investments.
3. The loan and banking facilities are for an aggregate principal amount of R550 million, of which
R350 million represents term and overdraft facilities and R200 million represents indirect banking
facilities.
4. In accordance with section 45(3)(b) of the Companies Act, the board is satisfied and acknowledges, in
respect of the financial assistance granted that:
4.1. the Company will satisfy the solvency and liquidity test as set out in section 4 of the Companies Act
immediately after providing the financial assistance; and
4.2. the terms under which the financial assistance is to be given are fair and reasonable to enX.
29 August 2017
Sponsor
Java Capital
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