DTC
DTC
DTC - Datatec Limited - Completion of NetStar acquisition and issue of shares
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
Completion of NetStar acquisition and issue of shares
18 January 2010
Datatec, ("Datatec" or the "Group", JSE and LSE: DTC), the international
Information and Communications Technology (ICT) group, announces that the
acquisition of NetStar Group Holding Limited ("NetStar"), announced on 8
December, completed on 15 January 2010.
The consideration for the acquisition of NetStar will be settled by the
allotment of 5,454,080 new ordinary ZAR0.01 shares as approved by shareholders
at the general meeting held on 23 December 2009. 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 21 January 2010.
ENDS
Enquiries:
Datatec Limited (www.datatec.co.za)
Ivan Dittrich - Chief Financial Officer +27 11 233 1221
Jefferies International Limited
Chris Snoxall / Rupert Mitchell +44 (0) 20 7029 8000
College Hill
Adrian Duffield/Jon Davies (UK) + 44 (0) 20 7457 2020
Fred Cornet / Hayley Crane (SA) +27 (0) 11 447 3030
Sponsor
RAND MERCHANT BANK (A division of FirstRand Limited)
Date: 18/01/2010 09:00:04 Produced by the JSE SENS Department.
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