DTC 201306120037A
Settlement of awards under share schemes and dealing 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
Settlement of awards under share schemes and dealing in securities
by directors and company secretary
1) Settlement of awards under Long Term Incentive Plan
Datatec Limited (“Datatec” or the “Company”, JSE and LSE: DTC), announces that 311,692 Long Term
Incentive Plan ("LTIP") awards granted in May 2010 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. Amendments to the LTIP were approved by shareholders at the annual general meeting held
on 14 September 2011.
The LTIP awards will be settled by delivery of 311,692 Datatec shares from Treasury on or around 12 June
2013.
The participants receiving shares include the following directors:
J P Montanana : 198,482 shares
Date of transaction : 12 June 2013
Class of share : Ordinary
Deemed price : ZAR 50.25
Transaction value : ZAR 9,973,720.50
Nature of interest : indirect beneficial
R P Evans : 26,152 shares
Date of transaction : 12 June 2013
Class of share : Ordinary
Deemed price : ZAR 50.25
Transaction value : ZAR 1,314,138.00
Nature of interest : direct beneficial
and the company secretary:
S P Morris : 27,220 shares
Date of transaction : 12 June 2013
Class of share : Ordinary
Deemed price : ZAR 50.25
Transaction value : ZAR 1,367,805.00
Nature of interest : direct beneficial
Approval for the individual off market settlements and clearance to transact has been given.
2) Settlement of awards under Deferred Bonus Plan
Datatec announces that 74,430 Datatec shares will 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 and amended by shareholders at the annual general meeting held on 14 September 2011, 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 2010 and are consequently entitled to receive
matching shares include the following director:
J P Montanana : 74,430 matching shares
Date of transaction : 12 June 2013
Class of share : Ordinary
Deemed price : R 50.25
Transaction value : R 3,740,107.50
Nature of interest : indirect beneficial
The DBP matching shares will be settled by delivery of 74,430 Datatec shares from Treasury on or around
12 June 2013.
Approval for the individual off-market settlements and clearance to transact has been given.
3) Use of Treasury Shares
The settlement of the 2010 LTIP and 2010 DBP share based remuneration as described above has been
made using shares held by the Datatec Employee Share Incentive Trust (the “Trust”). Following the
transfers set out above, there remain 247,270 Treasury Shares held by the Trust.
Enquiries:
Datatec Limited (www.datatec.co.za)
Rob Evans – Chief Financial Officer +27 (0) 11 233 3301
Wilna de Villiers – Investor relations +27 (0) 11 233 1013
Jefferies Hoare Govett – Nominated Advisor and Broker
Nick Adams/Alex Collins +44 (0) 20 7029 8000
finnCap – Broker
Tom Jenkins / Henrik Persson +44 (0) 20 7220 0500
College Hill
Adrian Duffield/Rozi Morris (UK) +44 (0) 20 7457 2020
Frederic Cornet/Morne Reinders (SA) +27 (0) 11 447 3030
Sandton
12 June 2013
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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