DATACENTRIX HOLDINGS LIMITED - General Repurchase of Shares

General Repurchase of Shares

Datacentrix Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/006413/06)
Share code: DCT ISIN: ZAE000016051
(“Datacentrix” or “the Company” or “the Group”)


GENERAL REPURCHASE OF SHARES


1. INTRODUCTION

  In compliance with paragraph 11.27 of the Listings Requirements of JSE Limited, the board of directors
  of Datacentrix (“the Board”) hereby advises shareholders that Datacentrix has cumulatively repurchased
  6 461 472 ordinary shares, representing 3.15% of the Company’s issued share capital, in terms of the
  general authority granted by shareholders at the annual general meeting (“AGM”) held on 1 July 2016
  (“Repurchase”).

2. DETAILS OF THE GENERAL REPURCHASE

  Details of the Repurchase are as follows:
  Date of repurchases:                            12 July 2016 to 27 September 2016
  Number of shares repurchased:                   6 461 472
  Lowest repurchase price per share:              R5.00
  Highest repurchase price per share:             R5.75
  Total value of shares repurchased:              R34 505 314.30

  5 091 472 of the shares repurchased were done so during a closed period and were effected pursuant to
  a repurchase programme put in place prior to the commencement of the closed period, in accordance
  with the JSE Listings Requirements. Such shares were delisted and cancelled on 26 September 2016.

  Application will be made to the JSE for the delisting and cancellation of the remaining 1 370 000 ordinary
  shares. It is expected that the delisting and cancellation will become effective on or about 15 October 2016.

  The Repurchase was effected through the order book operated by the JSE and done without any prior
  understanding or arrangement between the Company and the counter parties.

  Datacentrix holds 9 167 692 shares as treasury shares, representing 4.58% of the Company’s issued
  share capital following the delisting and cancellation of the 5 091 427 shares referred to above. The
  Repurchase had no effect on the number of treasury shares.

  Following the Repurchase, the extent of the general authority to repurchase shares outstanding is
  34 591 665 ordinary shares, representing 16.85% of the total issued share capital of Datacentrix at the
  time the authority was granted.

3. OPINION OF THE BOARD

  The Board has considered the effect of the Repurchase and is of the opinion that, for a period of
  12 months following the date of this announcement:

   -   the company and the Group will be able, in the ordinary course of business, to repay their debts;
   -   the assets of the company and the Group will be in excess of the liabilities of the company and the
       Group;
   -   the company and the Group’s ordinary capital and reserves will be adequate for ordinary business
       purposes; and
   -   the company and the Group will have adequate working capital for ordinary business purposes.

4. FINANCIAL INFORMATION PERTAINING TO THE GENERAL REPURCHASE
The impact of the Repurchase has been calculated and the Board can confirm that the implementation of
the Repurchase is limited to a reduction in cash of R34 505 314.30 as the Repurchase was funded from the
Company’s available cash resources.


Johannesburg
29 September 2016

Sponsor
Merchantec Capital

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