Datapro Group - Acquisition of Atlantic Internet Services (Proprietary) Limited
DATAPRO GROUP LIMITED
(Formerly Casey Investment Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1998/016433/06)
Share code: DTP ISIN: ZAE000058061
(`DataPro Group` or `the company`)
ACQUISITION OF ATLANTIC INTERNET SERVICES (PROPRIETARY) LIMITED (`Atlantic`)
Following the acquisition announcement on 12 August 2005, the directors are
pleased to announce the fulfilment of the remaining condition precedent with
regard to the acquisition of 100% of the ordinary shares in and claims against
Atlantic. The acquisition was subject to the successful placing of 71 157 495
vendor shares with third parties.
The directors have received irrevocable applications for 133 245 800 Vendor
shares and accordingly advise that the offer has been closed earlier than
anticipated. Applicants will be advised of allocations next week. The shares
will be listed on 31 August 2005 as originally announced.
In accordance with AltX Listings Requirements, shareholders are advised of the
risks of investing in a company listed on AltX. Shareholders are advised that
the JSE does not guarantee the viability or the success of a company listed on
AltX. In terms of JSE Listings Requirements a Designated Advisor has to be
retained by the company. The Designated Advisor is required to, inter alia,
attend all board meetings held by the company to ensure that all JSE Listings
Requirements and applicable regulations are complied with, approve the financial
director of the company and guide the company in a competent, professional and
impartial manner. If the company fails to retain a Designated Advisor it must
make arrangement to appoint a new Designated Advisor within 10 business days,
failing which the company faces suspension of trading of its securities. If a
Designated Advisor is not appointed within 30 days of its suspension the company
faces the termination of its listing without an offer to minorities.
Johannesburg
22 August 2005
Company Secretary Designated Advisor
Arcay Client Support (Proprietary) Limited Arcay Corporate Services
Registration number 1998/025284/07
Date: 22/08/2005 11:51:04 AM
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