Share based payment grants and dealings in securities by directors and the company secretary
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")
Share based payment grants and dealings in securities by directors and the
company secretary
Datatec announces the following in relation to its Conditional Share Plan ("CSP") and Deferred Bonus Plan
("DBP") which were approved by shareholders at the Company’s annual general meeting held on 14
September 2017.
1) 2021 CSP Grant
CSP awards in respect of Datatec ordinary shares have been granted to participants on 4 June 2021
following approval by the Remuneration Committee. The awards are subject to the Rules of the CSP and will
vest after three years subject to the Group meeting certain performance conditions set by the Remuneration
Committee based on absolute total shareholder return and underlying earnings per share.
Executive directors and the company secretary have accepted CSP awards granted, as follows:
Name Number of CSP Nature of interest
awards
Executive directors
J P Montanana 519 555 indirect beneficial
I P Dittrich 183 576 direct beneficial
Company secretary
S P Morris 88 963 direct beneficial
The face value of these awards is R29.09* per award but the value to the participant is nil until (and if) the
awards vest. On vesting of the CSP awards, a further announcement of the total transaction value received
by the participants will be released on SENS.
Approval for the individual CSP awards to the directors and the company secretary and clearance to deal has
been given and these individual CSP awards have been accepted, off market, today 7 June 2021.
2) DBP
Participants in the DBP have deferred a portion of their FY21 bonus to be used to purchase Datatec shares.
The Company made a co-investment equal to the amount of bonus deferred as determined by the
Remuneration Committee under the terms of the DBP. Shares purchased in terms of the DBP are subject to
an employment condition and only vest with the participant if they remain in employment with the Company
for three years. In addition, there is a two-year, post vesting holding period.
Forfeitable DBP shares were transferred from the Company’s pool of treasury shares to the participants in
the DBP today, 7 June 2021 as follows: 1 332 099 shares transferred from treasury at a value of R29.09*
per share totalling R38 750 760. After this transfer the Company holds no treasury shares.
In compliance with the JSE Limited Listings Requirements, the following information is given in respect of
the DBP grant participants who are directors and the company secretary:
Company : Datatec Limited
Class of security : Ordinary shares (forfeitable until vesting)
Nature of transactions : Off market receipt of forfeitable DBP shares
Date of transaction : 7 June 2021
Director : J P Montanana
Number of securities : 987 024
Total value of securities : R28 712 528
Nature of interest : Indirect beneficial
Clearance obtained : Yes
Director : I P Dittrich
Number of securities : 213 778
Total value of securities : R6 218 802
Nature of interest : Direct beneficial
Clearance obtained : Yes
Company Secretary : S P Morris
Number of securities : 65 533
Total value of securities : R1 906 355
Nature of interest : Direct beneficial
Clearance obtained : Yes
Approval for the individual DBP awards to the directors and the company secretary and clearance to deal has
been given and these individual DBP awards have been accepted, off market, on 7 June 2021.
* the 30-day volume weighted average share price on 25 May 2021, the date of the Group’s FY21 Results
Announcement.
7 June 2021
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 07-06-2021 05:00:00
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. |