Casey`s change of name to DataPro, as well as the transfer of its listing to the JSE`s alternative exchange, AltX, is to take place on 18 October.
Casey became a shell last year after its former directors, in conjunction with then-owner Black IT Empowerment Company (Blitec), closed down all its divisions and laid off all staff members.
The directors of Level 4 Group acquired control of 75% of Casey from Blitec, as well as Blitec`s loan account claims against Casey. Blitec retained a shareholding of about 9%.
The AltX advisory committee had already approved the listing of Level 4 on AltX before it acquired Casey with the intention of reverse listing into the shell.
According to the company`s abridged prospectus, the aim was to achieve a spread of shareholders and secure a value-adding black empowerment shareholder in Blitec.
At the same time, the Level 4 directors entered into talks with DataPro and BOE Private Equity Investments to buy 100% of DataPro, an Internet service provider.
The talks resulted in an announcement last month that DataPro would reverse list into Casey.
The company says the JSE has now formally approved the transfer of the listing to AltX.
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