VOX
VOX
VOX - Vox Telecom Limited - Announcement Regarding Dealstream Securities
VOX TELECOM LIMITED
(Formerly DataPro Group Limited)
(Registration number 1998/016433/06)
("Vox" or "the company")
JSE Code: VOX ISIN Code: ZAE 000097234
ANNOUNCEMENT REGARDING DEALSTREAM SECURITIES
Vox has been made aware that Dealstream Securities ("Dealstream") has ceased
trading and that Dealstream`s positions in Vox securities have been assumed by
one of Dealstream`s counterparties.
Vox has had discussions with this counterparty aimed at facilitating an orderly
take up of these Vox securities with, inter alia, those parties who held
interests in the Company`s securities. Many of these parties may have claims
against Dealstream and appropriate action and claims are being considered by
these parties.
Vox has not entered into any contracts in which it has any liability to
Dealstream, however Dealstream holds Vox cash of approximately R30m, the
recoverability of which the Company believes has now been materially prejudiced.
Vox is taking legal advice in regard hereto. This amount, if unrecoverable, will
not impact the delivery of services to Vox customers.
The Company holds no open derivative positions in Vox securities. The Company is
also aware that its staff hold accounts with Dealstream, none of which, to the
best of the Company`s knowledge, were in default of their margin requirements at
the time Dealstream ceased trading.
Johannesburg
23 September 2008
Designated Advisor
PSG Capital (Pty) Limited
Date: 23/09/2008 07:05:01 Produced by the JSE SENS Department.
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