DTC 201611280011A
Results of the scrip distribution and the cash dividend alternative
DATATEC LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
RESULTS OF THE SCRIP DISTRIBUTION AND THE CASH DIVIDEND ALTERNATIVE
Datatec ordinary shareholders (“Shareholders”) are referred to the announcement released on the Stock
Exchange News Service of the JSE Limited on Friday, 11 November 2016 (“the announcement”) regarding the
ratio applicable to the Company’s declaration of an interim distribution of fully-paid Datatec ordinary shares of
one cent each (“Scrip Distribution Shares”) to Shareholders recorded in the register at the close of business on
the Record Date, being Friday, 25 November 2016 (“Record Date”).
As set out in the announcement, Shareholders not electing to receive the Cash Dividend in respect of all or part
of their shareholding were entitled to receive that number of Scrip Distribution Shares determined in the ratio
of 1.27687 Scrip Distribution Shares for every 100 ordinary shares held on the Record Date.
In terms of the Scrip Distribution, 812 130 new ordinary shares were issued today to Shareholders who did not
elect to receive the Cash Dividend in respect of all or part of their shareholding, resulting in a capitalisation of
the distributable retained profits of the Company of R 38,161,989. Shareholders recorded in the register of the
Company at the close of business on the Record Date holding 147 536 934 ordinary shares elected to receive
the gross Cash Dividend of 60 cents per ordinary share (3.39 UK pence per share for shares held on the Jersey
register), resulting in a total gross Cash Dividend of R 88,522,160 which was paid out of the distributable
retained profits of the Company.
Application to list the Scrip Distribution shares has been made to the JSE Limited and to the London Stock
Exchange for the admission of these shares to the Alternative Investment Market. Listing on both exchanges is
expected to become effective today. Following implementation of the Scrip Distribution the Company’s issued
and listed share capital is 211 976 622 ordinary shares of one cent each.
Share certificates in respect of the Scrip Distribution will be dispatched to certificated Shareholders, and
Central Securities Depository Participant / broker accounts of dematerialised Shareholders will be credited,
today. Payment of the Cash Dividend will also be made today.
Enquiries:
Datatec Limited (www.datatec.com )
Jens Montanana, Chief Executive Officer +44 (0) 1753 797118
Ivan Dittrich, Chief Financial Officer +27 (0) 11 233 3301
Wilna de Villiers, Investor Relations Manager +27 (0) 11 233 1013
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
Sandton
28 November 2016
Merchant bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 28/11/2016 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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