| Wed 13 Oct 2010, 11:47 | | MST - Mustek Limited - Cautionary Announcement |
|
MST
MST
MST - Mustek Limited - Cautionary Announcement
MUSTEK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/070161/06)
Share Code: MST
ISIN Code: ZAE 000012373
("Mustek" or "the company")
CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the announcement by Datatec Limited ("Datatec") on
the Securities Exchange News Service on 12 October 2010 regarding a conditional
offer to acquire 100% of the share capital of Comztek Holdings (Proprietary)
Limited ("Comztek") for a total consideration of R101 million ("the offer"). The
consideration will be settled partly by cash and partly by the issue of Datatec
and/or subsidiary shares.
Mustek jointly controls Comztek through its holding of 41,84% of the issued
share capital of Comztek.
The offer is subject to the following conditions:
* Mustek continuing to provide support to Comztek in the form of parent
company guarantees, consistent with past practice, until the
completion of the transaction;
* Mustek and Comztek entering into a written lease agreement in respect
of Comztek`s business premises; and
* Any other necessary contract, governmental, regulatory and commercial
approvals.
The offer remains open until Monday, 18 October 2010.
The board of directors of Mustek is evaluating the offer, which if accepted or
rejected, may have an effect on the price of the company`s securities. The
offer, if accepted, will constitute category 2 disposal which will not require
shareholder approval in terms of the Listings Requirements of the JSE Limited.
Accordingly, shareholders are advised to exercise caution when dealing in the
company`s securities until a further announcement is made.
Midrand
13 October 2010
Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
(Registration number 1996/000034/07
Date: 13/10/2010 11:47:19 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.
