DTC 201405230026A
Settlement of awards under share schemes 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
Settlement of awards under share schemes and dealing in securities by directors
1) Long Term Incentive Plan
Datatec Limited (“Datatec” or the "Company", JSE and LSE: DTC), announces that the Long Term Incentive
Plan ("LTIP") awards granted in May 2011 have not 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 granted in May 2011 have therefore lapsed.
2) Settlement of awards under Deferred Bonus Plan
Under the terms of the Deferred Bonus Plan ("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.
JP Montanana purchased pledged shares in May 2011 and remained in the employment of the Company
during the performance period and is consequently entitled to receive matching shares. Full details of the
transfer of matching shares are disclosed below in compliance with the JSE Limited ("JSE") Listings
Requirements, and the AIM Rules:
Director : J P Montanana
Company : Datatec Limited
Class of security : Ordinary shares
Nature of transaction : Off market transfer of shares from Treasury
Date of transaction : 22 May 2014
Number of securities : 50 570
Deemed price : R 50,55
Transaction value : R 2 556 313,50
Nature of interest : Indirect beneficial
Clearance obtained : Yes
Following this transaction Mr Montanana will hold 15 513 996 Datatec shares comprising 7,87% of the
Company’s issued share capital.
3) Purchase of pledged shares under Deferred Bonus Plan
Executive directors are entitled to purchase shares in Datatec annually in terms of the DBP. These ordinary
shares are held in trust and are pledged until the three year vesting date after which the Company will
make a matching award subject to performance conditions.
Full details of this year’s purchases to date are disclosed below in compliance with the JSE Limited ("JSE")
Listings Requirements, and the AIM Rules:
Director : P J Myburgh
Company : Datatec Limited
Class of security : Ordinary shares
Nature of transactions : On market purchase of shares
Date of transaction : 21 May 2014
Number of securities : 48 500
Purchase price : ZAR 51,00 per ordinary share
Total value of securities : ZAR 2 473 500
Nature of interest : Direct beneficial
Clearance obtained : Yes
This purchase represents Mr Myburgh’s total holding of Datatec shares.
4) Use of Treasury Shares
The settlement of the 2011 DBP share based remuneration as described in (2) above has been made using
shares held by the Datatec Employee Share Incentive Trust (the “Trust”). Following the transfer there
remain 153 170 Treasury Shares held by the Trust.
Enquiries:
Datatec Limited (www.datatec-group.com)
Jens Montanana – Chief Executive Officer +44 (0) 1753 797 118
Rob Evans – Chief Financial Officer +44 (0) 20 7395 9012
Wilna de Villiers – Group Marketing +27 (0) 11 233 1013
Manager
Jefferies International Limited – Nominated Advisor and Broker
Nick Adams/Alex Collins +44 (0) 20 7029 8000
finnCap – Broker
Tom Jenkins/Henrik Persson + 44 (0) 20 7220 0500
Instinctif Partners
Adrian Duffield (UK) + 44 (0) 20 7457 2020
Frederic Cornet (SA) +27 (0) 11 447 3030
23 May 2014
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
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