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DTP
DTP
DataPro Group - Board Restructure
DataPro Group Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1998/016433/06)
Share code: DTP & ISIN code: ZAE000058061
("DataPro Group" or "the company")
BOARD RESTRUCTURE
In compliance with paragraph 3.59 of the Listings Requirements of the JSE
Limited, the board of directors of DataPro Group are pleased to announce the
following restructure.
With effect from 20 November 2006, Ms YT Moerane and Ms S Wentzel have
resigned from the board and Mr CM von Holdt has been appointed to the board.
Mr AP van Marken, who joined the board in July 2006, has been appointed as
Executive Chairman of DataPro Group with immediate effect.
After the above changes the board will comprises the following:
Mr Anthony Peter van Marken - Executive Chairman
Mr Douglas Graham Reed - Chief Executive Officer
Mr Christopher Michael von Holdt - Chief Financial Officer
Mr Gary Sweidan - Executive Director
Mrs Michelle Julie Krastanov - non-executive director
Mr Mutle Constantine Mogase - non executive director
Mr Christopher Michael ("Mike") von Holdt is a CA (SA) who qualified with
Ernst & Young after graduating from the University of the Witwatersrand. In
January 1998, Mike joined ABN Amro Securities as an Investment Analyst until
he joined Aquila Growth Limited in January 1998, where he headed up the
financial and corporate financial management functions, including liaison
with the JSE Limited. In June 2000 he joined Nedbank Capital Private
Equity, a division of Nedbank Limited as a senior transactor responsible for
overseeing private equity transactions, one of which was the acquisition of
DataPro from Control Instruments, at which point in time he sat on the board
of DataPro until management facilitated the buyout of Nedbank Private Equity
in conjunction with its listing on AltX.
Mike joined DataPro on a full-time basis in June 2006 to facilitate the due
diligence and acquisition of Definity Telecommunications (Proprietary)
Limited through VoxTelecom, whereafter he was appointed as financial
director of VoxTelecom. Mike now rejoins the DataPro Group board as Chief
Financial Officer.
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
20 November, 2006
Designated Advisor
Arcay Moela Sponsors (Pty) Ltd
Date: 20/11/2006 08:55:17 AM Produced by the JSE SENS Department
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