| Mon 18 Oct 2010, 10:00 | | DDT - Dimension Data Holdings Plc - Offer consideration - ZAR conversion rate |
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DDT
DIDDT
DDT - Dimension Data Holdings Plc - Offer consideration - ZAR conversion rate
Dimension Data Holdings Plc
Incorporated in Great Britain under the Companies Act 1985
Registration Number: 3704278
Share Code: DDT
Issuer code: DIDDT
ISIN number: GB0008435405
("Dimension Data" or "the Company")
Not for release, publication or distribution, in whole or part, in, into or from
any jurisdiction where to do so would constitute a violation of the relevant
laws in that jurisdiction
OFFER CONSIDERATION - ZAR CONVERSION RATE
Recommended Cash Offer For Dimension Data Holdings Plc ("Dimension Data") By
Nippon Telegraph And Telephone Corporation ("NTT")
On 11 October 2010, NTT announced that the recommended cash Offer by NTT for the
entire issued and to be issued ordinary share capital of Dimension Data had been
declared wholly unconditional.
For Dimension Data Shareholders who hold Dimension Data Shares which are
registered on Dimension Data`s South African Branch Share Register, the rate of
conversion of the Offer Consideration into ZAR is calculated on the basis set
out in the Offer Document.
For those Dimension Data Shareholders who have accepted the Offer in respect of
SA Dimension Data Shares prior to 12.00 noon (London time) on 8 October 2010,
NTT announces that the conversion of the Offer Consideration into ZAR will be
calculated using the average pound sterling/ZAR rate of ZAR 10.84384 for each
GBP 1.00.
Defined terms used but not defined in this announcement have the same meanings
as in the Offer Document.
For further information:
NTT - Global Business Strategy Office
Telephone: +81 3 5205 5191
The Offer will be made in the United States in reliance on, and compliance with,
Section 14(e) of the Exchange Act and Regulation 14E thereunder. The Offer will
not be extended to, and may not be accepted by, holders of Dimension Data`s
American Depositary Receipts.
The Offer relates to the shares of a UK company and will be governed by English
law. The Offer will primarily be subject to the disclosure requirements and
practices applicable in the UK to takeover offers, which may differ from the
disclosure requirements of the SRP and the United States. Furthermore, the
payment and settlement procedures with respect to the Offer will comply with the
relevant United Kingdom rules, which differ from United States payment and
settlement procedures.
Publication on Website
A copy of this announcement will be made available, free of charge, on NTT`s
website at (http://www.ntt.co.jp/ir/index_e.html) by no later than 12.00 noon
(London time) on 19 October 2010.
18 October 2010
Date: 18/10/2010 10:00:01 Produced by the JSE SENS Department.
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