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DATACENTRIX HOLDINGS LIMITED - Legal Proceedings - Update Announcement

Release Date: 21/09/2016 16:22
Code(s): DCT     PDF:  
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Legal Proceedings - Update Announcement

Datacentrix Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/006413/06)
Share code: DCT ISIN: ZAE000016051
("Datacentrix")


LEGAL PROCEEDINGS – UPDATE ANNOUNCEMENT


Shareholders are referred to the announcements released on SENS on 14 April 2016, 15 April 2016
and 6 September 2016 wherein shareholders were advised, inter alia, that Datacentrix Proprietary
Limited (a wholly-owned subsidiary of Datacentrix) had been cited in an application in the High Court
of South Africa seeking to review and to set aside a bid awarded to the company in January 2015 and
that Datacentrix Proprietary Limited and the Department of Justice and Constitutional Development
(“DOJ”) are opposing the matter. A hearing was held on 15 September 2016 to decide on a further
application for an urgent interim interdict, preventing the DOJ from further executing the contract relating
to the awarded bid, pending the outcome of the first application.

Shareholders are advised that on 20 September 2016, the court ordered that the further application for
an urgent interim interdict was not urgent and struck it from the roll with costs. These costs include the
costs of two counsel in respect of both the DOJ and Datacentrix Proprietary Limited.

The first application is still an on-going matter and any material developments will be communicated to
shareholders.


Johannesburg
21 September 2016

Sponsor
Merchantec Capital

Date: 21/09/2016 04:22:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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