DTC
DTC
DTC - Datatec Limited - Dealing in securities by a director and further
issues 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 ISSUES OF SHARES
In accordance with the rules of the Datatec Share Appreciation Rights Scheme
2005, Mr Montanana has exercised the Share Appreciation Rights ("SARs")
granted to him in 2006 (which vested in May 2009) and 2009 (which vested in
May 2012). The value of the SARs on exercise is being share-settled by the
issue of 408,640 new Datatec 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 s : 21 June 2012
Nature of transaction : Off market exercise of SARs
Number of 2006 SARs exercised : 187 482
Grant price of 2006 SARs : R27,22
Exercise price : R46,76
Share appreciation value : R19,54
Total share appreciation value : R3 663 398
Number of Datatec shares to be : 78 345
issued in settlement
Nature of transaction : Off market exercise of SARs
Number of 2009 SARs exercised : 495 496
Grant price of 2009 SARs : R15,59
Exercise price : R46,76
Share appreciation value : R31,17
Total share appreciation value : R15 444 610
Number of Datatec shares to be : 330 295
issued in settlement
Nature of transaction : Off market settlement of
total Datatec shares
received in terms of the
above exercises of SARs
Class of security : Datatec ordinary shares
Number of securities : 408 640
Deemed price per share : ZAR 46,76
Total transaction value : ZAR 19 108 008
Nature of interest : Indirect beneficial
Clearance obtained : Yes
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 28 June 2012.
Following this exercise of SARs, Mr Montanana has a beneficial interest in 14
740 514 Datatec Shares representing 7,8 per cent of the total voting rights
in the Company.
Datatec also announces the allotment of 3 000 ordinary ZAR0.01 shares
following the exercise of share options by employees. 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
27 June 2012.
After the share issues noted above, the number of Datatec shares in issue
will be 189 270 060 of which 14 274 are Treasury Shares.
Sandown
22 June 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 22/06/2012 17:00:01 Produced by the JSE SENS Department.
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