DTC
DTC
DTC - Datatec Limited - Dealing in Securities
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")
GRANT AND ACCEPTANCE OF RIGHTS TO PARTICIPATE IN SHARE INCENTIVE PLANS BY
EXECUTIVE DIRECTORS AND THE COMPANY SECRETARY, DEALING IN SECURITIES BY
DIRECTORS AND FURTHER ISSUE OF SHARES
1) GRANT AND ACCEPTANCE OF RIGHTS TO PARTICIPATE IN SHARE INCENTIVE PLANS
Executive directors and the Company secretary have been granted rights on 14 May
2010 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 R34,27:
Name Number of rights Nature of interest
J P Montanana 189 482 rights indirect beneficial
I P Dittrich 51 278 rights direct beneficial
S P Morris 36 293 rights direct beneficial
Long term incentive plan awards, which are subject to performance conditions and
vest after three years:
Name Number of awards Nature of interest
J P Montanana 189 482 conditional indirect beneficial
awards
I P Dittrich 38 459 conditional direct beneficial
awards
S P Morris 27 220 conditional direct beneficial
awards
All rights and awards 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 14 May 2010.
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 ordinary shares
have been purchased in the market utilising a specified portion of their annual
bonus for the year ended 28 February 2010. These ordinary shares are held in
trust and are pledged until the three year vesting date where after the Company
would make an equal matching award.
In compliance with the JSE Limited ("JSE")Listings Requirements, the following
information is disclosed regarding the shares purchased:
Director : J P Montanana
Company : Datatec
Class of security : Ordinary shares
Date of transaction : 14 May 2010
Nature of transaction : On market purchase of shares
Number of securities : 74 430
Purchase price : R37,7992 per ordinary share
Total value of securities : R2 813 394,46
Nature of interest : Indirect beneficial
Clearance obtained : Yes
Director : I P Dittrich
Company : Datatec
Class of security : Ordinary shares
Date of transaction : 14 May 2010
Nature of transaction : On market purchase of shares
Number of securities : 7 850
Purchase price : R37,7992 per ordinary share
Total value of securities : R296,723.72
Nature of interest : Direct beneficial
Clearance obtained : Yes
In compliance with the JSE Listings Requirements, the following information is
disclosed in relation to the exercise of share options previously granted to a
director and the subsequent sale of shares pursuant to the exercise of options:
Director : Ivan Dittrich
Date of transaction : 17 May 2010
Nature of transaction : Exercise of share options
Class of securities : Options in respect of ordinary shares
Number, grant price and grant : 12 670 @ R10,96 (10 December 2001)
date of options exercised
: 8 750 @ R8,88 (24 November 2003)
: 17 500 @ R9,69 (10 December 2004)
Total Cost of exercise : R386 138,20
Date of transaction : 17 May 2010
Nature of transaction : On market sale of shares pursuant
to the exercise of share options
Class of securities : Ordinary shares
Number of shares sold : 38 920
Selling price : R36,277 per share
Value of transaction : R1 411 900,84
Nature of interest : Direct beneficial
Clearance obtained : Yes
3) FURTHER ISSUE OF SHARES
In compliance with the AIM Rules, the following information is disclosed:
Datatec announces the allotment of 49 820 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 21 May 2010.
Sandton
18 May 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 18/05/2010 17:00:20 Produced by the JSE SENS Department.
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