The Channel logo

News

By | Team Register 21st April 2006 11:10

Dimension Data share deal

R&V cash a big bond

R&V Technology Holdings Limited has cashed in chips worth 12.3 per cent of Dimension Data.

It had bonds worth $100m that on conversion, according to one report, gave R&V the largest holding of all DiData shareholders at 18.2 per cent.

DiData was unavailable for comment. In a statement to the City, DiData merely gave the 12.2 per cent value of the converted shares and said:

"In terms of the agreements governing the convertible bonds, Dimension Data had the right to redeem the bonds under certain share price conditions. Given Dimension Data's share price performance, these conditions had been met, and R&V has elected to convert the bonds rather than accept redemption."

A loss-making 2004 is all but forgotten, with nearly $18m net profit in 2005. Revenues are growing in double figures and top $750m. ®

alert Send corrections

Opinion

Windows 10 on Surface 3

Tim Anderson

It's do-or-die for Microsoft's new operating system on 29 July
Wine Taps by N Wong, Flickr, CC 2.0 License

Simon Sharwood

Clouds sell compute by the glass. On-premises kitmakers want to sell wine-as-a-service

Greg Knieriemen

Privacy, security, information sovereignty, what we all want, right?
Microsoft's Joe Belfiore, speaking at Build 2015

Andrew Orlowski

Redmond devotees may as well have demanded manga desktop wallpaper

Features

Android icon desktop toys
Nice devices, now speak 'enterprise' to me
Standard Form 86 reads like a biography of each intelligence worker
Protestor barricade image via Shutterstock
Breaking through the hardware barricades to a new network state
Racecar