DataPro - Acquisition of Definity Telecommunicatio
DTP
DTP
Datapro - Acquisition of Definity Telecommunications (Pty) Ltd
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
ACQUISITION OF DEFINITY TELECOMMUNICATIONS (PTY) LTD
("Definity")
Further to the announcements dated 16 May 2006 and 29 June 2006, the board of
directors are pleased to advise that Datapro"s acquisition of 100% of the shares
in, and claims against, Definity for R70 000 000, is now unconditional,
following receipt of Competition Commission approval. Accordingly, shareholders
are advised that the acquisition has been implemented.
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
10 July 2006
Designated Advisor Corporate Advisor
Arcay Corporate Services Metier Advisory (Pty) Limited
Date: 10/07/2006 08:58:15 AM Produced by the JSE SENS Department
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