DTC
DTC
DTC - Datatec Limited - Dealing in securities by a director and further issue of
shares
DATATEC LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
("Datatec" or "the Company")
DEALING IN SECURITIES BY A DIRECTOR AND FURTHER ISSUE OF SHARES
In compliance with the JSE Listings Requirements and the AIM Rules, the
following information is disclosed:
Director J P Montanana
Company Datatec Limited
Date of transaction 28 July 2010
Nature of transaction Off market exercise of Share
Appreciation Rights
Class of security Datatec ordinary shares
Number of securities 206,691
Purchase price per share ZAR 36.70
Total transaction value ZAR 7,585,547
Nature of interest Indirect beneficial
Clearance obtained Yes
In accordance with the rules of the Datatec Share Appreciation Rights Scheme
2005, Mr Montanana has exercised 330,669 Share Appreciation Rights ("SARs")
granted to him in 2005, which vested in May 2008, at a grant price of ZAR 13.76
per share. The exercise has been settled using Datatec shares which have been
transferred from the Datatec Limited Share Incentive Trust 2005 ("the Trust")
which had been holding the shares as treasury shares.
Following this exercise of SARs, Mr Montanana has a beneficial interest in
13,152,626 Datatec Shares representing approximately 7.1 per cent of the total
voting rights in the Company.
Following the transfer of shares in settlement of the SARs exercise, the number
of Datatec shares held by the Trust as treasury shares is 608,772.
Datatec also announces the allotment of 7,200 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 Limited for the listing of these shares. Listing on both
exchanges is expected to become effective on 3 August 2010.
Sandown
28 July 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 28/07/2010 17:00:09 Produced by the JSE SENS Department.
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