DATATEC LIMITED - Cancellation of AIM listing
24 October 2017 8:00
DTC 201710240006A
Cancellation of AIM listing

Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
Share code: DTC
ISIN: ZAE000017745

Cancellation of AIM listing

Datatec Limited (JSE/AIM: DTC, “Datatec” or “the Group” or “the Company”), the international Information
and Communications Technology (ICT) company, announces that the secondary listing of its shares on the
Alternative Investment Market of the London Stock Exchange (“AIM”) will cease and cancellation will be
effective at 7:00am GMT on 8 December 2017.

The primary listing of Datatec shares on the Johannesburg Stock Exchange (“JSE”) will continue and is not
affected by the cancellation of the AIM listing.


Datatec initiated a secondary listing of its shares on AIM in October 2006 with the intention of providing the
Group with greater access to capital with which to support the continued growth of its international businesses
and to attract a broader range of institutional investors.

However, the AIM listing has not had the desired effect of diversifying Datatec’s investor base. The liquidity
of the shares on AIM has been very poor and no significant investors from the UK market have invested in
Datatec shares via AIM. 24% of Datatec’s shareholders are non-South African and invest via the JSE
because of the good liquidity in the market.

Datatec has one class of shares (ordinary shares of 0.01 ZAR) of which 211,967,622 are in issue. These shares
are all listed on the JSE and on AIM. The shares are held in two registers administered by Computershare,
the Company’s Share Registrar and Transfer Secretary. As at 31 August 2017, the Company’s issued share
capital was split between the two registers as follows:

                                                                           210     953
         Main Register               South Africa                                          99.52%
                                                                                 1 013
         Branch Register             Jersey                                                 0.48%
                                                                               211 967
         Total                                                                            100.00%

Shares on the Main Register are primarily held in dematerialised form in the Strate system. A small minority
of shares are held in certificated form.

Of the 0.48% of Datatec’s shares held on the Jersey sub-register the majority are held by Computershare in
a custodian account and a Depositary Interest (“DI”) is in issue, one for each Datatec share. The DIs are
the instruments which are held in the UK central securities depository, CREST. A small minority of the Jersey
Register shares are held in certificated form.

The cancellation of the AIM listing will only affect those shareholders whose shares are currently held on the
Jersey Register. Shareholders whose shares are held on the main South African register (i.e. 99.52% of the
issued share capital) including all shareholders holding shares via a CSDP on the Strate depositary, will be

Procedure for cancellation of AIM listing

AIM Regulation has confirmed that shareholder approval for the cancellation of the AIM listing is not required
because Datatec shares will continue to be listed on the JSE which is an AIM Designated Market.

The Jersey Branch Register and the DIs will be unwound at the same time as the cancellation of the AIM
DI holders will be sent a letter from the Transfer Secretary giving notice that their DIs will be removed from
CREST and placed on a Jersey share certificate as ordinary shares on 8 December 2017. The letter will explain
the procedures available for their underlying shareholding in Datatec.

Procedures are already in place to transfer shares between the Jersey and Main Register in a process called
“removal”. DI holders may initiate this process at any time until Tuesday 5 December 2017.

The shares on the Jersey Register on 8 December 2017, including those of shareholders who were previously
DI holders in CREST, will be transferred from the Computershare UK nominee account on the Jersey register
to a Computershare SA custodian account on the Main (South Africa) Register, held in the shareholder’s name.

This transfer of shares from the Jersey branch register will be undertaken over the weekend 9/10 December
2017 so that on Monday 11 December 2017 all shares from the Jersey Register will have been transferred to
the Main Register and the Jersey Register will close.

Shareholders whose shares have moved to the Main Register from the Jersey Register will then have the
option of having their shareholding dematerialised into a Computershare SA CSDP account on the Strate
depositary in South Africa or to any other financial institution via a CSDP to enable their shares to be traded
on the JSE.

Computershare will contact all DI holders and Jersey certificate holders to advise them of the details of these
procedures and obtain their instructions. The cost of the removal process will be borne by the Company.

Cancellation of the listing of Datatec DIs on AIM will be effective at 0700h on Friday, 8 December 2017 and
the last day to trade before the transfer of shareholdings from Jersey to South Africa registers described above
is Tuesday, 5 December 2017.


 Datatec Limited (
 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 Adviser and Broker
 Nick Adams / Simon Hardy                                      +44 (0) 20 7029 8000

 Instinctif Partners
 Frederic Cornet/Keagile Makgoba (SA)                          +27 (0) 11 447 3030
 Adrian Duffield/Chantal Woolcock (UK)                         +44 (0) 20 7457 2020

24 October 2017

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 24/10/2017 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.