Two more technology companies are preparing to list. Yesterday, DVT and TeliMatrix announced on the Stock Exchange News Service that they planned to list during November.
Software and services firm DVT posted notice of its private placing and listing on the JSE`s Alternative Exchange on 6 November. The company has received approval for the listing of 50 million shares. Of these, 15.8 million will be placed privately at a price of R1 per share.
DVT says it plans to use the funds raised from the private placing to finance "one or two key acquisitions". Exploratory discussions with two companies are already under way, it adds.
TeliMatrix, a vehicle tracking company, yesterday issued an abridged pre-listing statement. It did not confirm the date of listing but noted that its full pre-listing statement would be available until 12 November.
Last month, the company bought Control Instruments` fleet and vehicle management business - CI OmniBridge, OmniBridge Cyprus and Datatrak. The transaction was settled in TeliMatrix shares.
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