DTP
DTP
DataPro - 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 27 January 2006
detailing, inter alia, the exercise of a share option by ex-financial director
of DataPro, Mr James Herbst and advising that a call option in respect of 1 528
897 shares remains exercisable by Mr Douglas Reed until 28 February 2006.
Shareholders are advised that Mr Douglas Reed has sold his option to Mr James
Herbst for an amount of R42 800 and that Mr Herbst has exercised the option to
subscribe for 1 528 897 ordinary shares at 52.2 cents per share, being a 10%
discount to the 30-day weighted average share price as at 21 February 2006,
which price is in accordance with the terms of the call option.
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
22 February 2006
Designated Advisor
Arcay Corporate Service
Date: 23/02/2006 04:27:08 PM Produced by the JSE SENS Department
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