DTC
DTC
DTC - Datatec - Settlement of awards under share schemes using treasury shares
and 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")
SETTLEMENT OF AWARDS UNDER SHARE SCHEMES USING TREASURY SHARES AND DEALING IN
SECURITIES BY DIRECTORS
1) SETTLEMENT OF AWARDS UNDER LONG TERM INCENTIVE PLAN
Datatec announces that 128 210 Long Term Incentive Plan ("LTIP") awards granted
in May 2006 have vested following evaluation of the Company`s performance
against prescribed conditions in accordance with the rules of the LTIP. 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 93 741 conditional awards (indirect beneficial)
I P Dittrich 9 072 conditional awards (direct beneficial)
128 210 shares were transferred to participants in the scheme, including the
above directors, on 2 June 2009 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.
2) SETTLEMENT OF AWARDS UNDER DEFERRED BONUS PLAN
Datatec announces that 63 733 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 purchased pledged shares in May 2006 and have consequently
received matching shares include the following director:
J P Montanana - 50 000 matching shares (indirect beneficial)
63 733 shares have been transferred to participants in the scheme, including the
above director, on 2 June 2009 from the Trust which had been holding the shares
as treasury shares. Approval for the individual settlements and clearance to
transact has been given.
3) TRANSFER OF SHARES FROM TREASURY FOR SHARE SCHEME SETTLEMENTS
Following the transfers of 128 210 shares to settle the LTIP awards and 63 733
shares to settle the DBP matching shares from the Trust as set out above, the
total number of shares held as treasury shares by the Trust is 963 194 and the
number of shares in issue excluding such treasury shares is 174 863 684.
4) DEALING IN SHARES BY ASSOCIATES OF A DIRECTOR
The following transaction in the securities of Datatec Limited has taken place
between two Associates of a Director:
Director : C S Seabrooke
Date of transaction : 2 June 2009
Nature of transaction : Purchase of Datatec shares by an Associate and
sale of the same number of Datatec shares by a
second Associate
Class of security : Ordinary shares of ZAR 0.01 each
Number of shares : 500 000
Purchase and sale
price per share : R17,50
Total transaction value : R8 750 000
Nature of interest : Indirect - transaction between two Associates of
the Director
Prior clearance to transact: obtained
Sandton
3 June 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 03/06/2009 17:00:02 Produced by the JSE SENS Department.
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