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Taste Sens issued 12/10/2016 @ 08:00 with unaudited results
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The Investor Challenge / Re: EQS, ENG, ECG deal
« on: December 08, 2016, 11:01:16 am »
Sorry about the problem you have landed with 
Seems the date is 21st November 2016
Seems the date is 21st November 2016
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The Investor Challenge / Re: EQS, ENG, ECG deal
« on: December 08, 2016, 06:44:28 am »
I have done a little bit more research into the split and it works as follows:
Seems for every Eqstra share (EQS) you get 0.13 ENX shares, i.e. 10,000 EQS shares entitles you to a distribution of 1300 ENX shares.
The cost factor for each seems to be as follows:
The EQS share cost proportion becomes 0.138829 of the original cost and the remaining 0.861171 is allocated to the ENS shares distributed.
The EQS share coded is then changed to EXG.
In my case I hold 181486 EQS shares so you would need to add 23593 ENX shares to my portfolio, change the EQS to EXG and then allocate the cost as to 34.29 cents (R62233) to EXG (old EQS) and 1636.22 cents (R386037) to ENX.
When you link the new codes the correct values will reflect the current EXG price of 35 cents and ENX price of 1779 cents.
Trust this helps.
Seems for every Eqstra share (EQS) you get 0.13 ENX shares, i.e. 10,000 EQS shares entitles you to a distribution of 1300 ENX shares.
The cost factor for each seems to be as follows:
The EQS share cost proportion becomes 0.138829 of the original cost and the remaining 0.861171 is allocated to the ENS shares distributed.
The EQS share coded is then changed to EXG.
In my case I hold 181486 EQS shares so you would need to add 23593 ENX shares to my portfolio, change the EQS to EXG and then allocate the cost as to 34.29 cents (R62233) to EXG (old EQS) and 1636.22 cents (R386037) to ENX.
When you link the new codes the correct values will reflect the current EXG price of 35 cents and ENX price of 1779 cents.
Trust this helps.
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The Investor Challenge / Re: EQS, ENG, ECG deal
« on: December 07, 2016, 05:37:40 pm »
This is the best I can do. ENX bought part of EQS recapitalised them and also gave them shares in ENX which EQS distributed to EQS shareholders. They then changed their name to EXG.
What needs to be done is that my EQS has to be changed to EXG and shares in the ratio outlined should be raised in the name of ENX, i.e I retain the same number of shares as per my EQS holding but the name changes to EXG. You then have to add ENX to my portfolio as outlined below. More info on the deal can be found in the SENS under EQS.
EQSTRA HOLDINGS LIMITED
(Incorporated in South Africa)
(Registration number 1998/011672/06)
Share code: EQS ISIN: ZAE000117123
(?Eqstra? or the ?Company?)
Finalisation announcement in relation to the proposed disposal of Eqstra?s Fleet Management and
Logistics Division and Industrial Equipment Division to enX Group Limited (?enX?), together with a
recapitalisation of the remaining Eqstra business by enX (?Disposal?), the unbundling of the enX
Consideration Shares to Eqstra shareholders (?Unbundling?) and the proposed name change
(?Change of Name?) (?Proposed Transaction?)
Shareholders are referred to the announcement released on SENS on 22 September 2016 in which
the Company announced that all resolutions were passed at the general meeting in relation to the
Proposed Transaction, and to the circular dated 24 August 2016 relating thereto, which should be
read in its entirety for a full understanding of the Proposed Transaction.
The Board has pleasure in announcing that all suspensive conditions in relation to the Proposed
Transaction have been fulfilled, and the Proposed Transaction is now unconditional. The effective
date of the Disposal is 8 November 2016.
Set out below is confirmation of the salient dates and times relating to the implementation of the
Proposed Transaction:
2016
Last day to trade in Eqstra ordinary shares on the JSE to participate Tuesday, 15 November
in the Unbundling1
Last day to trade in Eqstra ordinary shares under the old name Tuesday, 15 November
Listing and trading of the new Eqstra ordinary shares under the new Wednesday, 16 November
name ?eXtract Group Limited? (ISIN: ZAE000223202) and removal of
the old Eqstra ordinary shares on the JSE trading system
Announcement relating to the ratio apportionment of expenditure Thursday, 17 November
and market value in respect of the Unbundling by Eqstra of the enX
Consideration Shares to be released on SENS
Announcement relating to the cash value (?Cash Value?) determined Thursday, 17 November
for use in the payment of fractions as a result of the Unbundling to
be released on SENS
Unbundling record date to receive enX Consideration Shares and Friday, 18 November
record date for the new name ?eXtract Group Limited?
enX Consideration Shares unbundled to Eqstra ordinary Monday, 21 November
shareholders
Eqstra ordinary shareholders? accounts with CSDP or broker updated Monday, 21 November
Issue of ordinary shares with the new name ?eXtract? and Monday, 21 November
certificates posted/CSDPs and brokers accounts updated
Notes:
1. The Unbundling will be in the ratio of 0.13 enX Consideration Shares for every 1 Eqstra ordinary
share held at the close of business on the Unbundling record date (subject to the rounding
principles contained in the Eqstra memorandum of incorporation i.e. allocations will be
rounded down to the nearest whole number, resulting in allocations of whole enX Consideration
Shares and a cash payment for the fraction). The weighted average traded price
of an enX Share for last day to trade + 1 (i.e. Wednesday, 16 November 2016) less 10% will be
used as the Cash Value.
2. All dates and times shown above are South African dates and times.
What needs to be done is that my EQS has to be changed to EXG and shares in the ratio outlined should be raised in the name of ENX, i.e I retain the same number of shares as per my EQS holding but the name changes to EXG. You then have to add ENX to my portfolio as outlined below. More info on the deal can be found in the SENS under EQS.
EQSTRA HOLDINGS LIMITED
(Incorporated in South Africa)
(Registration number 1998/011672/06)
Share code: EQS ISIN: ZAE000117123
(?Eqstra? or the ?Company?)
Finalisation announcement in relation to the proposed disposal of Eqstra?s Fleet Management and
Logistics Division and Industrial Equipment Division to enX Group Limited (?enX?), together with a
recapitalisation of the remaining Eqstra business by enX (?Disposal?), the unbundling of the enX
Consideration Shares to Eqstra shareholders (?Unbundling?) and the proposed name change
(?Change of Name?) (?Proposed Transaction?)
Shareholders are referred to the announcement released on SENS on 22 September 2016 in which
the Company announced that all resolutions were passed at the general meeting in relation to the
Proposed Transaction, and to the circular dated 24 August 2016 relating thereto, which should be
read in its entirety for a full understanding of the Proposed Transaction.
The Board has pleasure in announcing that all suspensive conditions in relation to the Proposed
Transaction have been fulfilled, and the Proposed Transaction is now unconditional. The effective
date of the Disposal is 8 November 2016.
Set out below is confirmation of the salient dates and times relating to the implementation of the
Proposed Transaction:
2016
Last day to trade in Eqstra ordinary shares on the JSE to participate Tuesday, 15 November
in the Unbundling1
Last day to trade in Eqstra ordinary shares under the old name Tuesday, 15 November
Listing and trading of the new Eqstra ordinary shares under the new Wednesday, 16 November
name ?eXtract Group Limited? (ISIN: ZAE000223202) and removal of
the old Eqstra ordinary shares on the JSE trading system
Announcement relating to the ratio apportionment of expenditure Thursday, 17 November
and market value in respect of the Unbundling by Eqstra of the enX
Consideration Shares to be released on SENS
Announcement relating to the cash value (?Cash Value?) determined Thursday, 17 November
for use in the payment of fractions as a result of the Unbundling to
be released on SENS
Unbundling record date to receive enX Consideration Shares and Friday, 18 November
record date for the new name ?eXtract Group Limited?
enX Consideration Shares unbundled to Eqstra ordinary Monday, 21 November
shareholders
Eqstra ordinary shareholders? accounts with CSDP or broker updated Monday, 21 November
Issue of ordinary shares with the new name ?eXtract? and Monday, 21 November
certificates posted/CSDPs and brokers accounts updated
Notes:
1. The Unbundling will be in the ratio of 0.13 enX Consideration Shares for every 1 Eqstra ordinary
share held at the close of business on the Unbundling record date (subject to the rounding
principles contained in the Eqstra memorandum of incorporation i.e. allocations will be
rounded down to the nearest whole number, resulting in allocations of whole enX Consideration
Shares and a cash payment for the fraction). The weighted average traded price
of an enX Share for last day to trade + 1 (i.e. Wednesday, 16 November 2016) less 10% will be
used as the Cash Value.
2. All dates and times shown above are South African dates and times.
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The Investor Challenge / Re: EQS, ENG, ECG deal
« on: December 01, 2016, 12:19:03 pm »
Sorry, correction EXG
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The Investor Challenge / EQS, ENG, ECG deal
« on: December 01, 2016, 12:16:13 pm »
How is the Eqstra sale to ENX and share distribution by Eqstra of ENX shares being handled in the Challenge?
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Shares / Re: Advanced Health (AVL)
« on: June 02, 2016, 05:22:50 pm »
Trading statement of the 1st June?
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Shares / Re: Weird Trades on a share
« on: April 26, 2016, 06:11:36 pm »
Could be sales of staff allocations placed by a single broker on behalf of those staff members.
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Shares / Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« on: December 28, 2015, 03:37:08 pm »
The 650 odd views would suggest that there are many forum members interested in your progress.
Agreed, keep it here.
Agreed, keep it here.
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Shares / Re: Choosing an annuity
« on: October 12, 2015, 03:50:34 pm »There is a very interesting article on Moneyweb titled Your RA must have a plan
Also it is not true that proceeds of a draw down on an LA have a tax advantage - they don't. Draw downs from an LA are added to your pension income and tax based on your total income and of course the company holding your LA pool of funds also levies charges for administering the LA and sending you quarterly updates
So my advice read up on all these issues prior to diving in and making rash decisions
The taxable aspect is correct but you can save on levies/admin fees in you go directly, e.g. Allan Gray - zero charge other than the TER which is built into the unit price.
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Off topic / Re: Standard Chartered's view of SA
« on: August 25, 2015, 02:50:59 pm »
ERIN
MONTAUK
OANDO
SACOIL
MONTAUK
OANDO
SACOIL
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The Investor Challenge / Re: Lost some purchase records
« on: August 21, 2015, 06:54:15 pm »
Hi Patrick.
Good luck with sorting out the problem. However if you don't, could you please correct my Basil Read purchase (one of the affected transactions) from cost of R410 (now reflected) to R350 per the original transaction which is now missing from the bottom of the purchase list.
The other thing that I noticed was the "Net profit on share sales" reflects zero, but the underlying info is there when you click on it.
Thanks.
Good luck with sorting out the problem. However if you don't, could you please correct my Basil Read purchase (one of the affected transactions) from cost of R410 (now reflected) to R350 per the original transaction which is now missing from the bottom of the purchase list.
The other thing that I noticed was the "Net profit on share sales" reflects zero, but the underlying info is there when you click on it.
Thanks.
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Shares / Re: Live Prices
« on: March 03, 2015, 05:03:57 pm »
I do trade/invest online but maybe if I didn't I wouldn't have been burnt/scalded by Abil!!
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Shares / Re: Live Prices
« on: March 03, 2015, 03:35:20 pm »
Any buy/sell request on my account provides that information as well as any share within my existing portfolio - 5 deep buy/sell with volume. The number of lookups are limited to your contract level with them and extra lookups are charged accordingly.
Your broker is able to provide the information, at a cost.
Your broker is able to provide the information, at a cost.
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