Cautionary Announcement
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”)
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that the Company has received a non-binding expression of interest for the
acquisition of 100% of the issued share capital of a major subsidiary of the Company (the “proposed
transaction”).
If successfully concluded, the proposed transaction represents an attractive opportunity for the
Company to monetise its investment in a major subsidiary. Negotiations in respect of the proposed
transaction are in the early stages.
The proposed transaction will be subject to a due diligence and various regulatory and merger
approvals as well as the conclusion of a formal share purchase agreement. The proposed transaction,
if concluded, would be classified as a category 1 transaction, requiring a circular and shareholder
approval.
Shareholders are advised to exercise caution when dealing in the Company’s securities until a further
announcement is released on SENS.
18 November 2020
Sponsor
The Standard Bank of South Africa Limited
Date: 18-11-2020 02:58:00
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