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DTC - Datatec Limited - Dealing in securities by a director

Release Date: 22/05/2012 17:30
Code(s): DTC
Wrap Text

DTC - Datatec Limited - Dealing in securities by a director Datatec Limited (Incorporated in the Republic of South Africa) (Registration number: 1994/005004/06) ISIN: ZAE000017745 Share Code: DTC ("Datatec" or "the Company") DEALING IN SECURITIES BY A DIRECTOR Pursuant to the announcement on 21 May 2012, a director has purchased further shares in Datatec in terms of the Datatec Limited Deferred Bonus Plan 2005 as amended and approved by shareholders at the AGM on 14 September 2011("DBP"). The ordinary shares have been purchased in the market utilising a specified portion of annual bonus for the year ended 29 February 2012. These ordinary shares are held in trust and are pledged until the three year vesting date after which the Company would make a matching award subject to performance conditions. Jens Montanana has purchased shares bringing his total purchase as pledged shares under the DBP for this year to 150,000. Full details of the purchase are disclosed below in compliance with the JSE Limited Listings Requirements, and the AIM Rules: Director : J P Montanana Company : Datatec Class of security : Ordinary shares Nature of transactions : On market purchase of shares Date of transaction : 21 May 2012 Reported to the Company : 22 May 2012 Number of securities : 59 869 Purchase price* : R45,3892 per ordinary share Total value of securities : R 2 717 406,01 Nature of interest : Indirect beneficial Clearance obtained : Yes *The above purchase price is an average of several trades on 21 May. The highest share price at which Mr Montanana traded was ZAR 45,50 and the lowest share price was ZAR 45,00. After these purchases Mr Montanana holds 13 756 378 Datatec shares comprising 7,36% of the Company`s issued share capital. 22 May 2012 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 22/05/2012 17:30:02 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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