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DATACENTRIX HOLDINGS LIMITED - Update to the acquisition of Nokusa Engineering Informatics and withdrawal of cautionary announcement

Release Date: 31/01/2013 16:00
Code(s): DCT     PDF:  
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Update to the acquisition of Nokusa Engineering Informatics and withdrawal of cautionary announcement

DATACENTRIX HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/006413/06)
Share code: DCT ISIN: ZAE000016051
(“Datacentrix” or “the Company”)


UPDATE TO THE ACQUISITION OF NOKUSA ENGINEERING INFORMATICS PROPRIETARY LIMITED 
(“NOKUSA ENGINEERING INFORMATICS”) AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT


Further to the terms announcement released on SENS on 14 December 2012 relating to the Acquisition of
the Nokusa Engineering Informatics, and using the terms defined therein unless otherwise stated,
shareholders are hereby provided with an update thereto.

1. PRO FORMA FINANCIAL EFFECTS

   The table below sets out the unaudited pro forma financial effects of the Acquisition, on Datacentrix’s
   earnings per share, headline earnings per share, net asset value per share and tangible net asset value
   per share.

   The unaudited pro forma financial effects have been prepared to illustrate the impact of the Acquisition
   on the reported financial information of Datacentrix for the six months ended 31 August 2012, had the
   Acquisition occurred on 1 March 2012 for statement of comprehensive income purposes and on
   31 August 2012 for statement of financial position purposes. The unaudited pro forma financial effects
   have been prepared using accounting policies that comply with International Financial Reporting
   Standards and that are consistent with those applied in the annual financial statements of Datacentrix for
   the year ended 29 February 2012.

   The unaudited pro forma financial effects, which are the responsibility of the directors, are provided for
   illustrative purposes only and, because of their pro forma nature may not fairly present Datacentrix’s
   financial position, changes in equity, results of operations or cash flow.

                                                                   Before the       After the    Percentage
                                                                  Acquisition     Acquisition    change (%)
    Basic earnings per share (cents)                                     19.1            19.0        (0.7%)
    Headline earnings per share (cents)                                  19.2            19.0        (1.1%)
    Net asset value per share (cents)                                   240.3           240.2        (0.1%)
    Tangible net asset value per share (cents)                          227.5           205.2        (9.8%)
    Weighted average number of shares in issue (000’s)                195 798         195 798            -
    Total number of shares in issue (000’s)                           195 798         195 798            -
    
 Notes:
     1. The amounts in the “Before the Acquisition” column relate to the unaudited financial interim results
        of Datacentrix for the six months ended 31 August 2012.
     2. The amounts in the “After the Acquisition” column reflect the financial effects of the Acquisition on
        Datacentrix as if it had occurred on 1 March 2012 for statement of comprehensive income
        purposes and on 31 August 2012 for statement of financial position purposes.
     3. The purchase price will be settled by way of a cash consideration of R45.75 million, funded from
        existing cash resources.
     4. The effects on basic earnings per share and headline earnings per share are calculated based on
        the assumption that the Acquisition was effected on 1 March 2012.
     5. The effects on net asset value per share and tangible net asset value per share are calculated
        based on the assumption that the Acquisition was effected on 31 August 2012.

2. WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT

   Further to the cautionary announcement released on SENS on 14 December 2012, shareholders are
   advised that as the pro forma financial effects of the Acquisition have been disclosed in paragraph 1
   above, caution is no longer required to be exercised when dealing in the Company’s securities.


Johannesburg
31 January 2013

Sponsor and Corporate Adviser
Merchantec Capital

Date: 31/01/2013 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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