To view the PDF file, sign up for a MySharenet subscription.

MUSTEK LIMITED - Completion of Comztek Holdings Proprietary Limited (Comztek) Disposal

Release Date: 03/06/2013 08:00
Code(s): MST     PDF:  
Wrap Text
Completion of Comztek Holdings Proprietary Limited (“Comztek”) Disposal

MUSTEK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/070161/06)
Share Code: MST
ISIN Code: ZAE 000012373
(“Mustek”)

COMPLETION OF COMZTEK HOLDINGS PROPRIETARY LIMITED
(“COMZTEK”) DISPOSAL

Shareholders are hereby advised that following fulfilment of all conditions precedent, the
disposal of Comztek, announced on SENS on 30 November 2012, was completed on 31 May
2013.

Mustek disposed of its 41,84% stake in Comztek, a communication systems distributor, to
Datatec Limited (“Datatec”) for a total consideration of R39 403 905 through a combination
of cash and Datatec shares. Comztek also declared a dividend prior to completion which
effectively increased Mustek’s consideration to R44 424 826. An amount of R27 403 905
was paid in cash on completion. The balance will be settled by the issue of 225 782 new
Datatec ordinary shares at R0,01 per share (“consideration shares”). Listing of the
consideration shares is expected to become effective on or about 14 June 2013.

Midrand
3 June 2013

Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 03/06/2013 08:00:00 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.

Share This Story