DTC 201605310067A
Grant and acceptance of rights to participate in share incentive 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
("Datatec" or "the Company" or "the Group")
Grant and acceptance of rights to participate in share incentive schemes and
dealing in securities by directors
Datatec announces the following in relation to the Share Appreciation Rights Scheme 2005 (“SAR Scheme”)
and the Long Term Incentive Plan ("LTIP"). These share incentive schemes are subject to the rules originally
approved by shareholders at the Company’s annual general meeting held on 16 August 2005 and
subsequently amended and approved by shareholders at the annual general meeting held on 14 September
2011.
Executive directors and the Company secretary have accepted rights granted on 30 May 2016 to participate
in the Group's share based incentive schemes as follows:
SARs in respect of ordinary shares, which are subject to performance conditions and which vest after three
years, at a grant price of R46.16* per SAR:
Name Number of SARs Nature of interest
J P Montanana 661,325 indirect beneficial
I P Dittrich 181,888 indirect beneficial
S P Morris 135,344 direct beneficial
LTIP awards, which are subject to performance conditions and which vest after three years:
Name Number of conditional awards Nature of interest
J P Montanana 661,325 indirect beneficial
I P Dittrich 136,416 indirect beneficial
S P Morris 101,508 direct beneficial
The face value of these awards is R46.16* per award but the value to the participant is nil until (and if) the
awards vest. On exercise of the SARs and on vesting of the LTIP awards a further announcement of the
value received by the participants will be released.
All rights and awards are subject to the rules of the respective share incentive plans, as amended and
approved by shareholders at the annual general meeting of the Company held on 14 September 2011.
Approval for the individual allocations and clearance to transact has been given.
All these individual allocations as indicated above have been accepted, off market, by the directors and the
Company secretary respectively on 31 May 2016.
*the 30 day volume weighted average share price on 11 May 2016, the day of the FY16 Results
Announcement.
Enquiries:
Datatec Limited (www.datatec.com)
Jens Montanana – Chief Executive Officer +44 (0) 1753 797 118
Jurgens Myburgh – Chief Financial Officer +27 (0) 11 233 3301
Wilna de Villiers – Group Investor Relations +27 (0) 11 233 1013
Manager
Jefferies International Limited – Nominated Advisor and Broker
Nick Adams/Alex Collins +44 (0) 20 7029 8000
finnCap – Broker
Stuart Andrews +44 (0) 20 7220 0500
Instinctif Partners
Adrian Duffield/Chantal Woolcock (UK) +44 (0) 20 7457 2020
Frederic Cornet/Pietman Roos (SA) +27 (0) 11 447 3030
31 May 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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