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DATATEC LIMITED - Dealing in securities by a director

Release Date: 24/11/2014 15:00
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")

DEALING IN SECURITIES BY A DIRECTOR

In compliance with the JSE Listings Requirements and the AIM Rules, the
following information is disclosed:

Director                     :   J P Montanana
Company                      :   Datatec Limited

Nature of transaction        :   Off market exercise of Datatec SARs
Class of security            :   2010 SARs
Date of transaction          :   20 November 2014
Number of SARs               :   198 482
Exercise price per SAR       :   R 55,78
Grant price per SAR          :   R 34,27
Share appreciation per SAR   :   R 21,51
Total share appreciation     :   R 4 269 348

Nature of transaction        :   Off market settlement of Datatec shares
                                 received in terms of the above exercise
                                 of SARs
Class of security            :   Datatec ordinary shares
Date of transaction          :   21 November 2014
Number of Datatec shares     :   76 539
Deemed price per share       :   R 55,78
Total transaction value      :   R 4 269 348

Nature of transaction        :   On market sale of Datatec shares
Date of transaction          :   20 November 2014
Date of notification         :   21 November 2014
Class of security            :   Ordinary shares of ZAR 0.01 each
Number of shares             :   152 760
Average price per share      :   R 55,5182
Total transaction value      :   R 8 480 960
Highest price traded         :   R 55,60
Lowest price traded          :   R 55,50

Nature of transaction        :   On market sale of Datatec shares
Date of transaction          :   21 November 2014
Date of notification         :   24 November 2014
Class of security            :   Ordinary shares of ZAR 0.01 each
Number of shares             :   631 201
Average price per share      :   R 55,1101
Total transaction value      :   R 34 785 550
Highest price traded         :   R 55,17
Lowest price traded          :   R 55,04
Nature of interest           :    Indirect beneficial
Clearance obtained           :    Yes

Following these transactions, Mr Montanana has a beneficial interest in
14 856 754 Datatec Shares representing approximately 7,54 per cent of
the total voting rights in the Company.

The shares to settle the SARs exercise were transferred from the
Datatec Share Incentive Trust 2005 on 21 November 2014 and accordingly
the number of shares now held in Treasury is 29 369.

Sandton
24 November 2014

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

Date: 24/11/2014 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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