Xantium Technology Holdings has received JSE approval to list 130 million shares on the AltX exchange on Friday.
Xantium is a black-empowered full-service IT company providing IT infrastructure, services and solutions to clients in the public and private sectors.
Incorporated as Fastpulse Trading 568 in June last year, it changed its name in October and converted to a public company in February this year.
The company says in an abridged prospectus issued this morning that it is planning to raise R5 million through a placement of 10 million shares at an offer price of 50c a share.
The placement opens at 9am tomorrow and closes at noon.
Xantium, chaired by former North West premier Popo Molefe, has already raised about R9.5 million through previous private placements.
The group is forecasting revenue of R174.5 million for the year to 31 May 2005, with attributable earnings of R10.19 million and headline earnings of 7.25c a share.
For the following year, it is forecasting revenue of R205.35 million, attributable earnings of R12.76 million and headline earnings of 8.84c a share.
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