DTC
DTC
DTC - Datatec Limited - Dealing in securities by directors
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
("Datatec" or "the Company" or "the Group")
Datatec - Dealing in Securities by Directors, grant and acceptance of rights to
participate in Share Incentive Plans, and Further Issue of Shares
1) DEALING IN SECURITIES BY DIRECTORS
Executive directors purchased shares in Datatec in terms of the Datatec Limited
Deferred Bonus Plan 2005 ("Deferred Bonus Plan"). The shares have been purchased
in the market utilising a specified portion of their annual bonus for the year
ended 28 February 2007. These shares are held in trust and are pledged until the
three year vesting date where after the Company would make an equal matching
award.
In compliance with the JSE Listings Requirements, the following information is
disclosed regarding the shares purchased:
Director : J P Montanana
Company : Datatec Limited
Class of security : Ordinary shares
Date of transaction : 18 May 2007
Nature of transaction : Purchase
Number of securities : 50 000
Purchase price : R40,15 per ordinary share
Total value of securities : R 2 007 500.00
Nature and extent of
Director`s interest : Indirect beneficial
Clearance obtained : Yes
Director : D B Pfaff
Company : Datatec Limited
Class of security : Ordinary shares
Date of transaction : 17 May 2007
Nature of transaction : Purchase
Number of securities : 22 350
Purchase price : R40,80 per ordinary share
Total value of securities : R911 880
Nature and extent of
Director`s interest : Indirect beneficial
Clearance obtained : Yes
In compliance with the JSE Limited ("JSE") Listings Requirements, the following
information is disclosed in relation to the exercise of share options previously
granted to a non-executive director:
Director : Christopher Stefan Seabrooke
Date of transaction : 17 May 2007
Nature of transaction : Exercise of share options and
subsequent sale of shares
Number and strike price
of options : 40 000 @ R14,25
20 171 @ R18,06
Total exercise value : R 934 288,26
Details of share sale : 60 171 @ R40,835
Value of securities : R 2 457 082,28
Nature of interest : Direct beneficial
Clearance obtained : Yes
Additional comment : See below.
Director : Christopher Stefan Seabrooke
Date of transaction : 18 May 2007
Nature of transaction : Exercise of share options and
subsequent sale of shares
Number and strike price
of options : 37 302 @ R18,06
Total exercise value : R 673 674,12
Details of share sale : 37 302 @ R40,0911
Value of securities : R 1 495 478,21
Nature of interest : Direct beneficial
Clearance obtained : Yes
Additional comment : See below.
Director : Christopher Stefan Seabrooke
Date of transaction : 21 May 2007
Nature of transaction : Exercise of share options and
subsequent sale of shares
Number and strike price
of options : 22 527 @ R18,06
Total exercise value : R 406 837,62
Details of share sale : 22 527 @ R40,0006
Value of securities : R 901 093,52
Nature of interest : Direct beneficial
Clearance obtained : Yes
Additional comment : See below.
The three transactions above constitute the exercise of remaining share options
granted to this non-executive director under the previous remuneration policy.
Current Datatec policy precludes the granting of new share options to non-
executive directors.
2) GRANT AND ACCEPTANCE OF RIGHTS TO PARTICIPATE IN SHARE INCENTIVE PLANS
Executive directors and the company secretary have been granted rights on 17 May
2007 to participate in the Group`s share based incentive plans as follows:
Share appreciation rights, which are subject to performance conditions and vest
after three years, at a grant price of R38.64:
J P Montanana 157 617 rights (indirect beneficial)
D B Pfaff 75 543 rights (indirect beneficial)
S P Morris 34 208 rights (direct beneficial)
Long term incentive plan awards, which are subject to performance conditions and
vest after three years:
J P Montanana 157 617 conditional awards (indirect beneficial)
D B Pfaff 56 657 conditional awards (indirect beneficial)
S P Morris 25 656 conditional awards (direct beneficial)
All rights and rewards are subject to the rules of the respective share
incentive plans, as approved by shareholders at the annual general meeting held
on 16 August 2005.
Approval for the individual allocations and clearance to transact has been
given.
All these individual allocations as indicated above have been accepted by the
directors and the company secretary respectively on 17 May 2007.
3) FURTHER ISSUE OF SHARES
In Compliance with the AIM Rules, the following information is disclosed:
Datatec announces the allotment of 312 707 ordinary ZAR0.01 shares following the
exercise of share options. Application has been made to the London Stock
Exchange for the admission of these shares to the Alternative Investment Market,
and to the JSE for the listing of these shares. Listing on both exchanges is
expected to become effective on 23 May 2007.
Sandton
21 May 2007
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 21/05/2007 17:00:01 Produced by the JSE SENS Department. |