DTC
DTC
DTC - Datatec Limited - Ivan Dittrich Appointed Group Finance Director
DATATEC LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
IVAN DITTRICH APPOINTED GROUP FINANCE DIRECTOR
Datatec Ltd ("Datatec", "the Group", JSE and LSE: DTC), the international
Information & Communications Technology (ICT) group, has appointed Ivan Dittrich
as Group Financial Director with effect from 1 May 2008. He will join the Board
on 1 March 2008. Ivan is replacing David Pfaff, who has decided to resign from
the Group in order to pursue new investment opportunities. David will continue
to work within the Group and remains a director until 31 May 2008 to ensure a
smooth handover during the financial year end.
Ivan Philip Dittrich, 35, is a chartered accountant and has worked in a number
of roles across the Group for nine years. For the last year he has been Group
Corporate Director, reporting to the Chief Executive, with responsibility for
the Group`s corporate head office functions and emerging markets M&A. Prior to
that, he was Group company secretary for five years, as well as corporate
finance manager. He successfully managed the Group`s dual listing in London
during 2006. Prior to joining Datatec, Ivan worked for PricewaterhouseCoopers
in London.
Leslie Boyd, Chairman, commented:
"David has made a very valuable contribution over the last six years and has
been closely involved with the Group`s growth and development around the world,
including our dual listing in London in 2006. We are sorry that he is leaving
but wish him well in his plans to pursue new investment opportunities
particularly in Africa.
"Ivan has a lengthy history with Datatec and an intimate understanding of the
Group`s operations and businesses around the world, including all financial
aspects. He is familiar with the workings of the Board and the executive
management of the Group, in addition to having gained considerable hands-on
experience in various operational, group management, financial and corporate
finance roles. Ivan will make a significant contribution to the Group at a time
of our rapid worldwide growth.
"As stated in our most recent Interim Management Statement, the Group`s
performance remains strong and trading continues in line with our expectations."
In accordance with the AIM rules, Ivan Dittrich`s holdings under Datatec share
schemes are as follows: Datatec Share Options - 12,670 @ZAR 10.96, 8,750 @ ZAR
8.88 and 17,500 @ ZAR 9.69; Datatec Share Appreciation Rights (SARs) - 41,047 @
ZAR 13.76, 23,093 @ ZAR 27.22 and 23,810 @ ZAR 38.64; Long Term Incentive Plan
(LTIP) conditional awards: 68,253 in total.
There are no other matters to be disclosed in relation to Schedule 2 paragraph
(g) of the AIM Rules.
28 January 2008
Enquiries:
Datatec Limited (www.datatec.co.za) +44 1753 777353
Jens Montanana, Group Chief Executive
Dresdner Kleinwort
Simon Russell/James Rudd +44 (0) 20 7623 8000
College Hill
Adrian Duffield/Jon Davies (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 over 3,000 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).
Date: 28/01/2008 09:00:01 Produced by the JSE SENS Department.
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