ONELOGIX GROUP LIMITED - Cautionary Announcement

Cautionary Announcement

ONELOGIX GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/004519/06)
JSE share code: OLG ISIN: ZAE000026399
(“OneLogix” or “the Company”)


CAUTIONARY ANNOUNCEMENT


Trading in OneLogix’s ordinary shares (“Shares”) has been characterised by extremely low liquidity. This
is due to its tightly held strategic and controlling shareholding which has deterred potential institutional
investor interest in the Company’s Shares. In recent years, share trading statistics reflect the Company,
through its general repurchase programs, as the only meaningful source of liquidity available to
shareholders wishing to trade their shares.

In the context of the above, and given the substantial costs associated with a listing on the JSE Limited
(“JSE”), the board of directors of OneLogix (“Board”) is considering a potential delisting of the Company’s
Shares from the securities exchange operated by the JSE, on the basis that the delisting would be
accompanied by a cash offer of R3.30 per Share (“the Proposed Transaction”) which represents a 32.5%
premium to the 30 day VWAP as at close of 17 December 2021 being R2.49 per ordinary share.

If the Proposed Transaction is successfully concluded, it may have a material effect on the price of the
Company’s securities. Accordingly, shareholders are advised to exercise caution when dealing in the
Company’s securities, until a further announcement is made.


Johannesburg
20 December 2021

Transaction Sponsor and Corporate Adviser
Merchantec Capital

Date: 20-12-2021 08:30:00
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