Datatec shareholders voted yesterday to pass the resolutions relating to the Nasdaq listing of the group`s US-based subsidiary, Westcon Group.
Last month Westcon filed a registration with the US`s Securities Exchange Commission, the first step in the process of an initial public offering in the US.
According to the registration document, the group could raise up to $115 million through the listing.
At the same time, Datatec has told shareholders that the JSE has allowed it to postpone issuing a circular regarding the disposal of Logicalis`s Australasian operations until the release of the group`s results for the year to February.
The operations in Australia and New Zealand were sold to IBM last month for $66 million.
Datatec`s results are scheduled to be published on 27 May.
Related stories:
Logicalis sells Australasian operations
Westcon listing could raise $115m
Westcon revives US listing plan
Share
