DTC
DTC
DTC - Datatec Limited - Further Investment in Consulting Services
Datatec Limited
(Incorporated in the Republic of South Africa)
Registration number 1994/005004/06
ISIN: ZAE000017745
JSE and LSE share code: DTC
FURTHER INVESTMENT IN CONSULTING SERVICES
Datatec Limited ("Datatec", JSE/AIM: DTC), the international Information and
Communications Technology (ICT) group, announces two further investments in its
Consulting Services division, with the allotment of 174,912 ordinary ZAR0.01
shares at an issue price of R34.14 as consideration.
The investments are:
1) The acquisition of a 30% equity stake in Cornwall Energy Associates Ltd, a
UK-based research and consulting business focusing on the areas of
electricity generation and distribution, including renewable energy, and
smart grids (intelligent networked distribution). This investment will
provide the Group with insight and early access to an industry which could
be fundamentally transformed by advances in technology.
2) The acquisition of 11,215 further shares in Analysys Mason Limited ("AML")
(being 0.56% of the equity of AML) from a management shareholder. After
this transaction Datatec`s interest in AML will be 92.1%.
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 or about 14 December 2010.
Enquiries:
Datatec Limited (www.datatec.co.za)
Ivan Dittrich - Chief Financial Officer +27 (0) 11 233 1221
Wilna de Villiers - Group Marketing Manager +27 (0) 11 233 1013
Jefferies International Limited
Chris Snoxall +44 (0) 20 7029 8000
College Hill
Adrian Duffield/Rozi Morris (UK) +44 (0) 20 7457 2020
Frederic Cornet (SA) +27 (0) 11 447 3030
13 December 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 13/12/2010 09:00:01 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. |