DTC
DTC
DTC - Datatec Limited - Issue of shares
DATATEC LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
ISSUE OF SHARES
On 16 February 2012 Datatec Limited ("Datatec", JSE/AIM: DTC), the international
Information and Communications Technology (ICT) group, announced that its
subsidiary Westcon had agreed to acquire the business of PT Netpoleon, an
Indonesian value added distributor of IT security, networking and convergence
solutions and provider of managed and training services. The total consideration
was not disclosed but has been settled with $1 million worth of Datatec shares
and the remainder in cash.
That transaction has now been completed and in compliance with the AIM Rules,
Datatec announces the allotment of 172 544 ordinary R 0,01 shares as part of the
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 26 March 2012.
Following this listing, Datatec will have an issued share capital of 187 056 723
ordinary R 0,01 shares of which 173 704 are Treasury Shares held by the Datatec
Share Incentive Trust 2005.
Sandton
22 March 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 22/03/2012 17:00:01 Produced by the JSE SENS Department.
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