Datacraft shareholders vote in favour of Dimension Data Offer
privatisation positions Datacraft ‘as a stronger force’
November 13, 2008 – Dimension Data, a $3.8 billion leading global IT solutions and services provider, announced that shareholders in its
Asian subsidiary, Datacraft Asia Ltd had voted in favor of an offer by Dimension Data to purchase the remaining 44.9%
stake that it does not already own. When the transaction is completed, Datacraft Asia Ltd will be a wholly-owned
subsidiary of Dimension Data Holdings plc.
In terms of the transaction which was effected by way of a Scheme of Arrangement under Singapore law, shareholders were
offered US$1.33 a share - a 34% premium to Datacraft’s closing share price of US$0.99 cents on Monday 21 July 2008. The
total cost of the acquisition is approximately US$276 million, and is financed by cash, part of which was raised by an
equity issuance.
The Scheme is still to be approved by the Singapore Court, and when that is done, Datacraft will be delisted from the
Singapore Stock Exchange.
Dimension Data CEO, Brett Dawson says, “We are delighted our offer has been accepted by Datacraft shareholders.
Datacraft has been part of the Dimension Data family for 11 years and a strong alignment between the two companies
already exists. Datacraft also has a strong competitive position in the key markets in Asia. We believe the company will
continue to go from strength to strength, capture market opportunities and expand its footprint in the growing Asia
Pacific market.
Datacraft CEO, Bill Padfield adds, “Apart from offering tremendous benefits to our employees and clients, Datacraft’s
privatisation also positions us as a stronger force, given that we are wholly-owned by a global multinational group.”
“In addition, we will be able to operate with greater flexibility and leverage opportunities internationally, which in
turn will accelerate growth in key markets.”
“Looking to the future, the transaction enhances Datacraft’s operational effectiveness. We will be able to share
group-wide resources and capitalise on the cashflows and capital structures of Dimension Data,” Padfield concludes.
For further information, please refer to the Investor Relations section of www.dimensiondata.com or www.datacraft-asia.com .
About Dimension Data
Dimension Data (LSE:DDT), a specialist IT services and solutions provider, helps clients plan, build, support and manage
their network and IT infrastructures. Dimension Data applies its expertise in networking, security, operating
environments, storage and contact center technologies and its unique skills in consulting, integration and managed
services to create customized client services. www.dimensiondata.com
The directors of Dimension Data (including any director who may have delegated detailed supervision of this press
release) have taken all reasonable care to ensure that the facts stated and opinions expressed in this press release
(other than those relating to Datacraft) are fair and accurate and that no material facts have been omitted from this
press release, and they jointly and severally accept responsibility accordingly. Where any information has been
extracted from published or publicly available sources, the sole responsibility of the directors of Dimension Data has
been to ensure through reasonable enquiries that such information is accurately extracted from such sources or, as the
case may be, reflected or reproduced in this press release.
About Datacraft
Datacraft is a wholly owned subsidiary of Dimension Data plc (LSE:DDT), a US$4.5 billion leading global IT solutions and services provider. Datacraft operates in over 50
offices across 13 Asia Pacific countries. We help clients plan, build, support, manage, improve and innovate their IT
infrastructures. Datacraft combines an expertise in networking, security, data centre, storage, Microsoft solutions and
contact centre technologies, with advanced skills in consulting, integration, training and managed services to craft IT
solutions for businesses. For more information, please visit www.datacraft-asia.com.
The directors of Datacraft (including any director who may have delegated detailed supervision of this press release)
have taken all reasonable care to ensure that the facts stated and opinions expressed in this press release (other than
those relating to Dimension Data) are fair and accurate and that no material facts have been omitted from this press
release, and they jointly and severally accept responsibility accordingly. Where any information has been extracted from
published or publicly available sources, the sole responsibility of the directors of Datacraft has been to ensure
through reasonable enquiries that such information is accurately extracted from such sources or, as the case may be,
reflected or reproduced in this press release.
ENDS