enX Group announces special distribution of ZAR1.55 per share

enX Group Limited (JSE:ENX) has declared a special gross distribution of R1.55 (155.0 cents) per share to its ordinary shareholders, recorded as such on April 4, 2025. The distribution follows the completion of the disposal of enX Trading Investments Proprietary Limited’s interests in Centlube, Ingwe Lubricants, and Zestcor Eleven. Proceeds from the disposal totaled R259.1 million after R28.8 million was placed in escrow. The company deems these proceeds as surplus to operational requirements. The distribution will be treated as a dividend for South African tax purposes, subject to a 20% withholding tax for non-exempt shareholders, resulting in a net distribution of R1.24 (124.0 cents) per share. The last day to trade in enX ordinary shares to receive the distribution is April 1, 2025, with ex-distribution trading commencing on April 2, 2025, and payment scheduled for April 7, 2025.