DTC
DTC
DTC - Datatec Limited - Further Issue Of Shares For The Acquisition Of 50% Of
Intact Integrated Services GMBH
DATATEC LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
("Datatec")
FURTHER ISSUE OF SHARES FOR THE ACQUISITION OF 50% OF INTACT INTEGRATED SERVICES
GMBH
In Compliance with the AIM Rules, the following information is disclosed:
In August 2006, Datatec`s Logicalis division acquired a 25% equity stake in
Intact Integrated Services GmbH ("Intact Germany") in order to extend its IT
services operation into Germany. Datatec Limited now announces that Logicalis
has decided to exercise an option to acquire a further 50% of the share capital
of Intact Germany for a consideration of Euro1 million. The consideration will
be settled by Euro0.3 million in cash and the allotment of 193,862 ordinary
ZAR0.01 Datatec shares. Application has been made to the London Stock Exchange
for the admission of these shares to the Alternative Investment Market, and to
the JSE Limited for the listing of these shares. Listing on both exchanges is
expected to become effective on 12 October 2007.
Enquiries:
Datatec Limited
(www.datatec.co.za)
David Pfaff, Group Finance
Director
Simon Morris, Group Financial +44 1753 777 353
Controller
Dresdner Kleinwort
James Rudd +44 (0) 20 7475 7006
College Hill
Adrian Duffield (UK) +44 (0) 20 7457 2020
Nick Williams/Fred Cornet (SA) +27 (0) 11 447 3030
Note to editors
Datatec is an international Information & Communications Technology (ICT) group
focused on the supply of advanced ICT and the delivery of professional services
into the higher growth segments of the global market. The Group`s main lines of
business comprise the global distribution of advanced networking and
communications convergence products (Westcon), IT infrastructure solutions and
network integration (Logicalis) and strategic telecommunications consulting
(Analysys Mason Group). Datatec is registered in South Africa and its shares are
listed in Johannesburg and London. The Group has 2,500 employees around the
world.
In the year to 28 February 2007, the Group reported an increase in revenue of
17% to $3,168 million (2006: $2,715 million), operating profit increased 45% to
$100 million (2006: $69 million), and headline earnings per share grew to 40.80
cents (2006: 26.9 cents).
Logicalis (www.logicalis.com) is a global provider of high-performance
technology solutions. With over 1,300 people worldwide, Logicalis delivers smart
solutions based on specific needs, not the latest IT trend. Logicalis provides
options, direction and support to more than 5,000 corporate and public sector
customers. The company contributes its success to the everyday positive
experiences with its customers and strategic partners such as IBM, HP, Cisco and
EMC.
Date: 05/10/2007 08:30:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS. |