DataPro - Update on Definity Telecommunications (P
DTP
DTP
Datapro - Update on Definity Telecommunications (Pty) Ltd Acquisition
DATAPRO GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/016433/06)
("DataPro" or "the company")
JSE Code: DTP & ISIN Code: ZAE000058061
UPDATE ON DEFINITY TELECOMMUNICATIONS (PTY) LTD ACQUISITION
Further to the announcement dated 16 May 2006, the directors are pleased to
advise that the condition precedent regarding the obtaining of irrevocable
undertakings has been fulfilled and that the private placing was three times
oversubscribed.
The parties are still awaiting competition commission approval of the
transaction and the date of fulfilment of the condition precedent relating
thereto has accordingly been extended.
In accordance with AltX Listings Requirements, shareholders are advised of the
risks of investing in a company listed on AltX and are advised that the JSE does
not guarantee the viability or the success of a company listed on AltX. In
terms of JSE Listings Requirements a Designated Adviser has to be retained by
the company. The Designated Adviser is required to, inter alia, attend all
board meetings held by the company to ensure that all 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 Adviser it must make
arrangements to appoint a new Designated Adviser within 10 business days,
failing which the company faces suspension of trading of its securities. If a
Designated Adviser is not appointed within 30 days of its suspension the company
faces the termination of its listing without an offer to minorities.
Johannesburg
29 June 2006
Designated Advisor
Arcay Corporate Services
Date: 29/06/2006 12:34:04 PM Produced by the JSE SENS Department
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