Pinnacle is to buy up 100% of Datacentrix’s shareholding.
The Pinnacle group already holds 55,3% of Datacentrix and in November 2016 proposed acquiring the rest of the shares to make the value-added reseller a sholly-owned subsidiary.
A general meeting of Datacentrix shareholders yesterday passed all the resolutions required to make the proposed transaction a reality.
The offer is for Pinnacle, through DCT Holdings, to acquire 100% of the issued ordinary share capital of Datacentrix excluding treasury shares and shares that DCT Holdings already owns.
The consideration payable by DCT Holdings to Datacentrix shareholders will be R6.65 per Datacentrix share to be settled in cash, representing approximately R541-million in total.
