/ 24 November 1999

DIDATA PROPOSES LONDON LISTING

IT group Dimension Data (DiData) has proposed dual primary listings on the London and Johannesburg stock exchanges for its international assets, estimated to be worth about $3,5-billion. Business Day reports that DiData chairman Jeremy Ord said this will be an interim measure pending greater clarity from government on moving DiData’s domicile offshore. Although a primary listing in London would be “first prize”, the interim solution would give the company access to international capital required for its global expansion plans, said Ord. The company’s international assets would be listed on the London Stock Exchange as DiData plc. DiData plc will have a secondary listing on the JSE.