eXtract GROUP LIMITED - Implementation of Tharisa transaction and settlement of primary debt facility
EXG 201710050051A
Implementation of Tharisa transaction and settlement of primary debt facility
EXTRACT GROUP LIMITED
(previously Eqstra Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1998/011672/06)
JSE share code: EXG ISIN: ZAE000223202
(“eXtract”)
IMPLEMENTATION OF THARISA TRANSACTION AND SETTLEMENT OF PRIMARY DEBT FACILITY
Shareholders are referred to the announcements released on SENS (the last of which was released on SENS
on 22 September 2017) regarding the disposal by MCC Contracts Proprietary Limited (a wholly-owned
subsidiary of eXtract) of the existing equipment, strategic components, site infrastructure and spare parts
situated at the Tharisa mine (the “Tharisa transaction”).
eXtract is pleased to announce that the Tharisa transaction has been implemented and funds have flowed.
The proceeds of the Tharisa transaction and the disposal of other excess assets have been used to settle
eXtract’s primary term debt facility of R465 million in full.
It is anticipated that the balance of eXtract’s bank debt facilities will be settled before the end of December
2017.
5 October 2017
Sponsor
Java Capital
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