DTC
DTC
DTC - Datatec - Settlement Of Awards Under Deferred Bonus 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")
SETTLEMENT OF AWARDS UNDER DEFERRED BONUS PLAN USING TREASURY SHARES
Datatec announces that 135 300 Datatec shares have been transferred to
participants in the Deferred Bonus Plan ("DBP").
Under the terms of the DBP, as approved by shareholders at the annual general
meeting held on 16 August 2005, participants may purchase Datatec shares
("pledged shares") and hold them for three years after which time the Company
will issue or transfer the same number of shares ( "matching" shares) to the
participants.
The participants who have received matching shares include the following
director:
J P Montanana - 100 000 matching shares (indirect beneficial)
135 300 shares were transferred to participants in the scheme, including the
above director, on 29 August 2008, from the Datatec Limited Share Incentive
Trust 2005 ("the Trust") 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 1,155,137 and the number of shares in issue excluding such treasury
shares is 173,671,163.
Sandton
1 September 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 01/09/2008 17:00:03 Produced by the JSE SENS Department.
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