Feeds

DiData issues $100m convertible bond

Share dilution looming

  • alert
  • submit to reddit

Dimension Data is to issue a £100m 7-year convertible bond to fellow South African company Venfin. If Venfin converts the bond into equity, it will end up with 12 per cent of the diluted capital of the networking equipment reseller. Venfin, a technology investment firm, will earn interest of 5.375 per cent.DiData says it has free cash after commitments of $200m. It is cashflow positive and it expects to remain cashflow positive in coming years. The bond issue is subject to shareholder approval. ®

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.