| DTC - Datatec Limited - Dealing in securities and | |
| 19 July 2007 17:30 | |
DTC
DTC
DTC - Datatec Limited - Dealing in securities and further issue of shares
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 AND COMPANY SECRETARY AND FURTHER
ISSUE OF SHARES
1) DEALING IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY
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 of Westcon Group, Inc. a major subsidiary of
the Company:
Director : John F McCartney
Date of transaction : 17 July 2007
Nature of transaction : Exercise of share options and
subsequent sale of shares
Number and strike price
of options : 15 270 @ R18,06
Total exercise value : R 275 776.20
Details of share sale : 15 270 @ R41,6068
Value of securities : R 635 335.84
Nature of interest : Direct beneficial
Clearance obtained : Yes
Additional comment : See below.
Director : John F McCartney
Date of transaction : 18 July 2007
Nature of transaction : Exercise of share options and
subsequent sale of shares
Number and strike price
of options : 12 136 @ R18,06
Total exercise value : R 219 176.16
Details of share sale : 12 136 @ R41,60
Value of securities : R 504 857.60
Nature of interest : Direct beneficial
Clearance obtained : Yes
Additional comment : See below.
The two transactions above constitute the exercise of all outstanding share
options granted to Mr McCartney under the previous remuneration policy. Current
Datatec policy precludes the granting of new share options to non-executive
directors and, as announced on 11 July, Mr McCartney joined the Datatec Board on
16 July.
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 an executive director:
Director : David Brian Pfaff
Date of transaction : 17 July 2007
Nature of transaction : Exercise of share options and
subsequent sale of shares
Number and strike price
of options : 38 192 @ R7,44
Total exercise value : R 284 148 48
Details of share sale : 38 192 @ R41,6068
Value of securities : R 1 589 046.91
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : David Brian Pfaff
Date of transaction : 18 July 2007
Nature of transaction : Exercise of share options and
subsequent sale of shares
Number and strike price
of options : 30 352 @ R7,44
Total exercise value : R 225 818.88
Details of share sale : 30 352 @ R41,60
Value of securities : R 1 262 643.20
Nature of interest : Direct 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 the Company Secretary:
Company Secretary : Simon Morris
Date of transaction : 17 July 2007
Nature of transaction : Exercise of share options and
subsequent sale of shares
Number and strike price
of options : 1 832 @ R10,96
: 1 222 @ R9,69
Total exercise value : R 31 920.41
Details of share sale : 3 054 @ R41,6068
Value of securities : R 127 067.17
Nature of interest : Direct beneficial
Clearance obtained : Yes
Company Secretary : Simon Morris
Date of transaction : 18 July 2007
Nature of transaction : Exercise of share options and
subsequent sale of shares
Number and strike price
of options : 1 456 @ R10,96
: 971 @ R9,69
Total exercise value : R 25 367.00
Details of share sale : 2 427 @ R41,60
Value of securities : R 100 963.20
Nature of interest : Direct beneficial
Clearance obtained : Yes
2) FURTHER ISSUE OF SHARES
In Compliance with the AIM Rules, the following information is disclosed:
Datatec announces the allotment of 22 150 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 24 July 2007.
Sandton
19 July 2007
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 19/07/2007 17:30:02 Produced by the JSE SENS Department. |
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