SENS-AI
ENX Other Administrative Bullish

enX GROUP LIMITED - Closing of transaction - Disposal by enX of its remaining interest in West African International (WAI)

enX Group Limited
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What this filing means

enX has completed the disposal of its WAI interest, receiving R294.7 million in cash and releasing R107.3 million in security, with intentions to return surplus capital to shareholders.

Bull case

  • The company has successfully received R294.69 million in cash proceeds from the disposal of its remaining interest in WAI.
  • The transaction facilitates the release of R107.3 million in security, plus accrued interest, previously tied to the Put Option.

Bear case

  • The final proceeds from the transaction remain subject to downward revision due to an outstanding audit review and a post-closing adjustment mechanism.

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Category
Other Administrative
Event posture
Constructive
Published
Apr 30, 2026

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