DTC
DTC
DTC - Datatec - Dealings in securities by directors and company secretary
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")
1) GRANT AND ACCEPTANCE OF RIGHTS TO PARTICIPATE IN SHARE INCENTIVE PLANS
Executive directors and the company secretary have been granted rights on 15 May
2009 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 R15,59:
J P Montanana 495 496 rights (indirect beneficial)
I P Dittrich 132 305 rights (direct beneficial)
S P Morris 90 735 rights (direct beneficial)
Long term incentive plan awards, which are subject to performance conditions and
vest after three years:
J P Montanana 495 496 conditional awards (indirect beneficial)
I P Dittrich 99 229 conditional awards (direct beneficial)
S P Morris 68 051 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 15 May 2009.
2) DEALING IN SECURITIES BY DIRECTORS
Executive directors have 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 2009. These shares are held in trust and are pledged
until the three year vesting date whereafter the Company will make an equal
matching award.
In compliance with the JSE Limited 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 : 15 May 2009
Nature of transaction : Purchase
Number of securities : 80 000
Purchase price : R15,125 per ordinary share
Total value of transaction : R1 210 000
Nature of
director`s interest : Indirect beneficial
Clearance obtained : Yes
Director : I P Dittrich
Company : Datatec Limited
Class of security : Ordinary shares
Date of transaction : 15 May 2009
Nature of transaction : Purchase
Number of securities : 3 300
Purchase price : R14,90 per ordinary share
Total value of transaction : R49 170
Nature of
director`s interest : Direct beneficial
Clearance obtained : Yes
Sandton
18 May 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 18/05/2009 17:00:03 Produced by the JSE SENS Department.
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