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Johannesburg - Mustek [JSE:MST] has disposed of its 41.84% stake in Comztek‚ a communication systems distributor‚ to Datatec [JSE:DTC] for R39.4m through a combination of cash and Datatec shares‚ it said Monday.
Comztek also declared a dividend prior to completion which effectively increased Mustek’s consideration to R44.4m.
An amount of R27.4m was paid in cash on completion and the balance will be settled by the issue of 225 782 new Datatec ordinary shares at R0.01 per share.
Comztek also declared a dividend prior to completion which effectively increased Mustek’s consideration to R44.4m.
An amount of R27.4m was paid in cash on completion and the balance will be settled by the issue of 225 782 new Datatec ordinary shares at R0.01 per share.
