DTP
DTP
Datapro Group Limited - Exercise Of Call Option
DATAPRO GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/016433/06)
Share code: DTP ISIN: ZAE000058061
("DataPro" or "the company")
EXERCISE OF CALL OPTION
Shareholders are referred to the SENS announcement dated 18 May 2005 detailing,
inter alia, the purchase by directors from Vantage Capital Group (Proprietary)
Limited of a call option against the company.
Shareholders are advised that Mr James Herbst, ex-financial director of DataPro,
has exercised the above mentioned option to subscribe for 766 744 ordinary
shares at 50.6 cents per share, being a 10% discount to the 30-day weighted
average share price as at 25 January 2006, which price is in accordance with the
terms of the call option. A call option of 1 528 897 shares held by Mr Douglas
Reed remains exercisable until 28 February 2006.
In accordance with AltX Listings Requirements, shareholders are advised of the
risks of investing in a company listed on the AltX and that the JSE does not
guarantee the viability or the success of a company listed on the AltX. In
terms of the JSE Listings Requirements, a Designated Advisor has to be retained
by the company. The Designated Advisor is required, inter alia, to attend all
board meetings held by the company to ensure that all the JSE Listings
Requirements and applicable regulations are complied with, approve the financial
director of the company and guide the company in a competent, professional and
impartial manner. If the company fails to retain a Designated Advisor it must
make arrangements to appoint a new Designated Advisor within 10 business days,
failing which the company faces suspension of trading of its securities. If a
Designated Advisor is not appointed within 30 days of its suspension, the
company faces the termination of its listing without an offer to minorities.
Johannesburg
27 January 2006
Designated Advisor
Arcay Corporate Services
Date: 27/01/2006 05:32:06 PM Produced by the JSE SENS Department
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