Further cautionary announcement:
Further cautionary announcement
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
(“Datatec” or “the Company”)
FURTHER CAUTIONARY ANNOUNCEMENT
Datatec released a cautionary announcement on SENS on 2 March
2020 (“First Cautionary Announcement”) when shareholders were
advised that Datatec is exploring the possibility of a listing
(the “Potential Listing”) of Logicalis’ Latin American business
(the “Latin American Business”) on the B3 S.A. – Brasil, Bolsa,
Balcão (www.b3.com.br - Brazilian stock exchange). In connection
with the Potential Listing shareholders were advised that the
Latin American Business and its shareholders would potentially
carry out a primary and secondary offering of the shares of the
Latin American Business, subject to satisfactory market
conditions.
Further to the First Cautionary Announcement, shareholders are
advised that the Potential Listing is still under consideration and
the rationale for the listing remains intact. The impact of the
Covid-19 global crisis and resulting equity capital markets
volatility on the timing of the Potential Listing is still being
determined. Accordingly, shareholders are advised to continue
exercising caution when dealing in the Company’s securities until a
further announcement is made.
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
South African Legal Advisor
BOWMAN GILFILLAN INC.
(Bowmans)
Sandton
15 April 2020
Date: 15-04-2020 08:00:00
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.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
