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DTC - Datatec Limited - Further Announcement regarding Promon-Logicalis Latin

Release Date: 18/08/2011 08:00
Code(s): DTC
Wrap Text

DTC - Datatec Limited - Further Announcement regarding Promon-Logicalis Latin America Datatec Limited (Incorporated in the Republic of South Africa) (Registration number: 1994/005004/06) ISIN: ZAE000017745 Share Code: DTC FURTHER ANNOUNCEMENT REGARDING PROMON-LOGICALIS LATIN AMERICA On 11 August 2011, Datatec Limited, "Datatec" or the "Group", (JSE and AIM: DTC), the international Information and Communications Technology (ICT) group, announced on SENS that its subsidiary Logicalis Group and its partner in Latin America, Promon SA ("Promon") had agreed some changes to the ownership structure of their subsidiary Promon Logicalis Latin America Limited ("PLLAL"), the regional holding company which represents the business of Logicalis in Latin America ("the Transaction"). In this regard, shareholders are further advised that BDO Corporate Finance (Pty) Ltd who was appointed and approved by the JSE as the independent professional expert to provide a fairness opinion, has confirmed that the Transaction is fair and their fairness opinion is available for inspection at Datatec`s registered office until 30 September 2011. Enquiries: Datatec Limited (www.datatec.co.za) Ivan Dittrich - Chief Financial +27 (0) 11 233 1221 Officer Wilna de Villiers - Group Marketing +27 (0) 11 233 1013 Manager 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 Sandton 18 August 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 18/08/2011 08:00:04 Supplied by www.sharenet.co.za 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.

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