DTC
DTC
DTC - Datatec Limited - Completion of $77.2 million merger with Brazil`s largest
Cisco Partner, Promon Tecnologia
DATATEC LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
COMPLETION OF $77.2 MILLION MERGER WITH BRAZIL`S LARGEST CISCO PARTNER, PROMON
TECNOLOGIA
Logicalis Group Limited, a wholly owned subsidiary of Datatec Ltd ("Datatec",
"the Group", JSE and LSE: DTC), the international Information & Communications
Technology (ICT) group, has now completed the merger of its Latin American
operations with the leading Brazilian network integration businesses of Promon
Tecnologia ("PT") (the "transaction") announced on 17 March 2008.
The transaction was completed on 2 May 2008 in accordance with the terms
announced previously and Datatec will allot 6,674,312 shares on 9 May 2008,
subject only to admission, in part consideration. 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 9 May 2008.
Enquiries:
Datatec Limited +44 1753 777353
(www.datatec.co.za)
Jens Montanana, Group Chief
Executive
Dresdner Kleinwort
Simon Russell/James Rudd +44 (0) 20 7623 8000
Investec
Erik Anderson/Andrew Pinder +44 (0) 20 7597 4000
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). 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).
6 May 2008
Date: 06/05/2008 15:32:06 Produced by the JSE SENS Department.
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