DTC 201606170058A
Posting of circular relating to scrip distribution or cash dividend election
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
("Datatec” or “the Company”)
POSTING OF CIRCULAR RELATING TO SCRIP DISTRIBUTION OR CASH DIVIDEND ELECTION
Shareholders are referred to the Company’s audited financial results for the year ended 29 February 2016
published on the Stock Exchange News Service on Wednesday, 11 May 2016 in which they were advised
that Datatec’s board of directors had resolved to declare an final distribution of fully-paid Datatec ordinary
shares of one cent each (“the Scrip Distribution”) to ordinary Shareholders (“Shareholders”) recorded in the
register of the Company at the close of business on the Record Date, being Friday, 22 July 2016.
Shareholders will be entitled to elect to receive a cash dividend alternative of 136 ZAR cents per ordinary
share of one cent each held on the Record Date, being Friday, 22 July 2016, in respect of all or part of their
ordinary shareholding, instead of the Scrip Distribution (“the Cash Dividend”).
The Cash Dividend will be paid only to those:
- certificated Shareholders whose Forms of Election to receive the Cash Dividend, in respect of all or part
of their shareholding, are received by the Transfer Secretaries on or before 12h00 noon (11h00 UK
time) on Friday, 22 July 2016; and
- dematerialised Shareholders who have instructed their CSDP or broker accordingly and in the manner
and time stipulated in their agreement with such CSDP or broker.
The number of Scrip Distribution shares to which each of the Shareholders will become entitled pursuant to
the Scrip Distribution (to the extent that such Shareholders have not elected to receive the Cash Dividend)
will be determined by reference to such Shareholder’s ordinary shareholding in Datatec (at the close of
business on the Record Date, being Friday, 22 July 2016) in relation to the ratio that 136 ZAR cents bears to
the volume weighted average price (“VWAP”) of an ordinary Datatec share traded on the JSE during the 30-
day trading period ending on Monday, 11 July 2016.
Shareholders are advised that a circular, setting out, inter alia, the terms of the Scrip Distribution and Cash
Dividend (and including a Form of Election) was posted to shareholders today, Friday, 17 June 2016 (“the
Circular”). The Circular is also available on the Company’s website, www.datatec.com or
www.datatec.co.za.
The salient dates for the proposed Scrip Distribution and Cash Dividend, also contained in the Circular, are
as follows:
EVENT 2016
Announcement released on SENS in respect of the ratio Tuesday, 12 July
applicable to the Scrip Distribution, based on the 30-day
volume weighted average price ending on Monday, 11 July
2016 by 11h00 (10h00 UK time) on
Announcement published in the press of the ratio applicable Wednesday, 13 July
to the Scrip Distribution, based on the 30-day volume
weighted average price ending on Monday, 11 July 2016 on
Last day to trade in order to be eligible for the Scrip Tuesday, 19 July
Distribution and the Cash Dividend alternative
Ordinary shares trade “ex” the Scrip Distribution and the Cash Wednesday, 20 July
Dividend alternative on
Wednesday, 20 July
Listing and trading of maximum possible number of ordinary
shares on the JSE in terms of the Scrip Distribution from the
commencement of business on
Thursday, 21 July
Announcement released on SENS in respect of the cash
payment applicable to fractional entitlements, based on the
volume weighted average price on Wednesday, 20 July 2016,
discounted by 10%
Last day to elect to receive the Cash Dividend alternative Friday, 22 July
instead of the Scrip Distribution, Forms of Election to reach
the Transfer Secretaries by 12h00 (11h00 UK time) on
Record Date in respect of the Scrip Distribution and the Cash Friday, 22 July
Dividend alternative
Scrip distribution shares issued to shareholders on the South Monday, 25 July
African register and Scrip Distribution, certificates posted and
Cash Dividend payments made, CSDP/broker accounts
credited/updated, as applicable, on
Cash Dividend payments made by BACS (direct credit) to Monday, 25 July
shareholders on the Jersey register, Scrip Distribution shares
and depositary interests issued to shareholders on the Jersey
register, CREST accounts credited with the new Scrip
Distribution shares and depositary interests, as applicable,
and AIM listing of ordinary shares issued in respect of the
Scrip Distribution on
Announcement relating to the results of the Scrip Distribution Monday, 25 July
and the Cash Dividend alternative released on SENS on
Announcement relating to the results of the Scrip Distribution Tuesday, 26 July
and the Cash Dividend alternative published in the press on
JSE listing of ordinary shares in respect of the Scrip Wednesday, 27 July
Distribution adjusted to reflect the actual number of ordinary
shares issued in terms of the Scrip Distribution at the
commencement of business on or about
Share certificates may not be dematerialised or rematerialised, nor may transfers between registers take
place, between Wednesday, 20 July 2016 and Friday, 22 July 2016, both days inclusive.
Sandton
17 June 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17/06/2016 05:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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