eXtract GROUP LIMITED - Update on excess asset disposal
EXG 201712040058A
Update on excess asset disposal
EXTRACT GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/011672/06)
JSE share code: EXG ISIN: ZAE000246013
(“eXtract” or “the Company”)
UPDATE ON EXCESS ASSET DISPOSAL
Shareholders are referred to the announcements released on SENS (the last of which was released on SENS
on 5 October 2017) regarding the disposal of excess assets by eXtract, as detailed in the circular issued to
eXtract shareholders on 11 July 2017 (the “excess asset disposal”).
eXtract is pleased to announce that, as part of the excess asset disposal, MCC Contracts Proprietary Limited
(a wholly-owned subsidiary of eXtract) has concluded an agreement with Concor Projects Proprietary
Limited (“Concor”) in terms of which eXtract has disposed of yellow mining equipment (excluding related
consumable assets and tooling) to Concor for an aggregate consideration of R76 300 000 (the “Concor
transaction”). The proceeds of the Concor transaction will be used to settle the remaining general banking
facilities and to partially settle the Company’s debt with enX.
4 December 2017
Sponsor
Java Capital
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