Datacentrix Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/006413/06)
Share code: DCT ISIN code: ZAE000016051
("Datacentrix" or "the company")
Cautionary announcement
As previously communicated to shareholders, Datacentrix does not expect its
70% held subsidiary, Commerce Centre of Southern Africa (Proprietary)
Limited ("Commerce Centre"), to be profitable until February 2003.
The board of Commerce Centre recently concluded that the company's largest
project, being the hosting of a national product data catalogue for the fast
moving consumer goods industry is unlikely to become profitable within an
acceptable timeframe. As a consequence Commerce Centre has given notice to
terminate the agreement with EAN South Africa in terms of which it would
host the catalogue ("the termination").
The financial effect of the termination on Datacentrix's earnings and net
asset value per share depends on the outcome of discussions between
Datacentrix and the minority shareholders of Commerce Centre. The maximum
impact on Datacentrix' net asset value will not exceed its original
investment in Commerce Centre.
The Datacentrix board of directors is continually reviewing the business
conducted by Commerce Centre. It is expected that this matter will be
finalised by the end of February 2002.
Shareholders are accordingly advised to exercise caution when dealing in
their Datacentrix shares until a further announcement is made.
Pretoria
28 November 2001
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited
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