trending Market Intelligence /marketintelligence/en/news-insights/trending/7DqAztKmr_hAgtBhRE0NMQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

eXtract's independent board supports offer for delisted shares

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020

eXtract's independent board supports offer for delisted shares

An independent board formed by eXtract Group Ltd. threw its support behind Inhlanhla Trust Investments (Pty) Ltd.'s bid to acquire eXtract shares from shareholders who do not wish to hold shares in an unlisted structure.

Inhlanhla, a 20.25% shareholder of eXtract, is offering to buy the shares for 6 South African rand apiece.

According to a Dec. 20 release, the decision was made following a recommendation from board-appointed expert Mazars Corporate Finance (Pty) Ltd., which described the offer as fair and reasonable to eXtract shareholders.

eXtract is required by the JSE to find a fair cash offer to secure approval for its proposed delisting, which will be voted by eXtract shareholders in a general meeting slated Jan. 21, 2019.

A number of shareholders who hold a combined 30.30% stake, namely Samvenice Trading (Pty) Ltd., Sweet Valley Enterprises Corp. Ltd., Ellerine Group (Pty) Ltd. and Prodiam Trading CC, have expressed support for the delisting but not for the offer.