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DATATEC LIMITED - Dealing in securities by a director

Release Date: 14/06/2013 14:00
Code(s): DTC     PDF:  
Wrap Text
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" or "the Group")

DEALING IN SECURITIES BY A DIRECTOR

Jens Montanana has purchased a further 25,000 Datatec shares to be
held as pledged shares in the Datatec Limited Deferred Bonus Plan
2005 (the “DBP”). Together with his purchase announced yesterday
this makes a total of 50,000 Datatec shares acquired by Mr
Montanana as pledged shares for the 2013 DBP grant. These pledged
shares are held in trust until the three year vesting date after
which the Company would make a matching award subject to
performance conditions.

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           :    13 June 2013
Number of securities          :    25 000
Purchase price*               :    R 57,4730 per ordinary share
Total value of securities     :    R 1 436 825,00
Nature of interest            :    Indirect beneficial
Clearance obtained            :    Yes

After these purchases Mr Montanana holds 15 363 426 Datatec shares
comprising 8,01% of the Company’s issued share capital.

*The above purchase price is an average of several trades on 13
June 2013. The highest share price at which Mr Montanana traded
was R 57,65 and the lowest share price was R 57,40.

14 June 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 14/06/2013 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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