DTC
DTC
DTC - Datatec Limited - Settlement of awards under long term incentive plan
using treasury 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")
SETTLEMENT OF AWARDS UNDER LONG TERM INCENTIVE PLAN USING TREASURY SHARES
Datatec announces that 462,121 Long Term Incentive Plan ("LTIP") awards granted
in August 2005 have vested in full, the Company having met the relevant
performance conditions. All rights and rewards are subject to the rules of the
LTIP as approved by shareholders at the annual general meeting held on 16 August
2005. The participants include the following directors:
J P Montanana 330 669 conditional awards (indirect beneficial)
I P Dittrich 32 251 conditional awards (direct beneficial)
462,121 shares were transferred to participants in the scheme, including the
above directors, on 10 June 2008 from the Datatec Limited Share Incentive Trust
2005 which had been holding the shares as treasury shares. Approval for the
individual settlements and clearance to transact has been given.
Following this transfer the total number of shares held as treasury shares by
the Trust is 1,290,437 and the number of shares in issue excluding such treasury
shares is 174,414,466.
Sandton
10 June 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 10/06/2008 17:00:01 Produced by the JSE SENS Department.
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