| Wed 20 Oct 2010, 10:30 | | 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
and settlement
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 AND SETTLEMENT
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 issue and to be issued ordinary share capital of Dimension Data had been
declared wholly unconditional.
ZAR Conversion Rate
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 after 12.00 noon (London time) on 8 October 2010, and
before 12.00 noon (London time) on 18 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 10.97082 for each GBP 1.00, being the
equivalent of 13.16498 ZAR per Dimension Data Share.
Settlement of Consideration
Settlement of the consideration due under the Offer will be effected by 17.00
(London time) on 25 October 2010 in respect of Dimension Data Shares for which
valid acceptances of the Offer have been received prior to 12.00 noon (London
time) on 18 October 2010.
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
20 October 2010
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 expected 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 21 October 2010.
Date: 20/10/2010 10:30:01 Produced by the JSE SENS Department.
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