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DTC - Datatec Limited - Dealing in securities by directors

Release Date: 17/05/2011 17:45
Code(s): DTC
Wrap Text

DTC - Datatec Limited - Dealing in securities by directors 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") DEALING IN SECURITIES BY DIRECTORS Executive directors have purchased shares in Datatec in terms of the Datatec Limited Deferred Bonus Plan 2005 ("Deferred Bonus Plan"). The ordinary shares have been purchased in the market utilising a specified portion of their annual bonus for the year ended 28 February 2011. These ordinary shares are held in trust and are pledged until the three year vesting date after which the Company would make an equal matching award. Jens Montanana has purchased 10,000 shares and Ivan Dittrich has purchased 7,000 shares. Full details of the purchases are disclosed below in compliance with the JSE Limited ("JSE") Listings Requirements, and the AIM Rules: Director : J P Montanana Company : Datatec Class of security : Ordinary shares Date of transaction : 16 May 2011 Nature of transaction : On market purchase of shares Number of securities : 6 559 Purchase price : R37,6205 per ordinary share Total value of securities : R 246 752,86 Nature of interest : Indirect beneficial Clearance obtained : Yes Director : J P Montanana Company : Datatec Class of security : Ordinary shares Date of transaction : 17 May 2011 Nature of transaction : On market purchase of shares Number of securities : 3 441 Purchase price : R38,2087 per ordinary share Total value of securities : R 131 476,14 Nature of interest : Indirect beneficial Clearance obtained : Yes Director : I P Dittrich Company : Datatec Class of security : Ordinary shares Date of transaction : 16 May 2011 Nature of transaction : On market purchase of shares Number of securities : 7 000 Purchase price : R37,6205 per ordinary share Total value of securities : R263 343,50 Nature of interest : Direct beneficial Clearance obtained : Yes The above purchase prices are averages of several trades on 16 May and 17 May 2011. On 16 May the share price high on the JSE was ZAR 38.17 and the share price low was ZAR 37.02. On 17 May the share price high on the JSE was ZAR 38,50 and the share price low was ZAR 37,81. Sandton 17 May 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 17/05/2011 17:45:01 Supplied by www.sharenet.co.za 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.

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