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DATATEC LIMITED - Further issue of shares

Release Date: 15/07/2014 17:00
Code(s): DTC     PDF:  
Wrap Text
Further issue of shares

Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
("Datatec")

FURTHER ISSUE OF SHARES

In compliance with the AIM Rules, the following information is disclosed:

As part of the transfer of the Intact Holdings Limited ("Intact") business to Westcon Group, Inc.,
which was announced on 14 May 2014, Datatec Limited has acquired the remaining minority
shareholder interests in Intact.

The shares acquired in Intact constitute 1% of the share capital of Intact and 25% of the share
capital of Intact Integrated Services GmbH ("Intact GmbH"), a German subsidiary of Intact, for a
consideration of ZAR 19,954,519 which is being funded through a vendor consideration issue.

Datatec Limited announces the allotment of 380,617 ordinary ZAR 0.01 shares as consideration for
the acquisition of further shares in Intact and Intact GmbH from management shareholders.
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 16 July 2014.

Following this listing, Datatec will have an issued share capital of 197,549,352 ordinary ZAR0.01
shares of which 105,908 are Treasury Shares held by the Datatec Share Incentive Trust 2005.

Sandton
15 July 2014

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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