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.
