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Results of the scrip distribution and the cash dividend alternative
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
("Datatec” or “the Company”)
RESULTS OF THE SCRIP DISTRIBUTION AND THE CASH DIVIDEND
ALTERNATIVE
Datatec ordinary shareholders (“Shareholders”) are referred to
the announcement released on the Stock Exchange News Service
on Friday, 14 November 2014 (“the announcement”) regarding the
ratio applicable to the Company’s declaration of an interim
distribution of fully-paid Datatec ordinary shares of one cent
each (“Scrip Distribution Shares) to Shareholders recorded in
the register at the close of business on the Record Date,
being Friday, 28 November 2014 (“Record Date”).
As set out in the announcement, Shareholders not electing to
receive the Cash Dividend in respect of all or part of their
shareholding were entitled to receive that number of Scrip
Distribution Shares determined in the ratio of 1.63630 Scrip
Distribution Shares for every 100 ordinary shares held on the
Record Date.
In terms of the Scrip Distribution, 2 018 910 new ordinary
shares were issued today to Shareholders who did not elect to
receive the Cash Dividend in respect of all or part of their
shareholding, resulting in a capitalisation of the
distributable retained profits of the Company of R 108 576
980. Shareholders recorded in the register of the Company at
the close of business on the Record Date holding 76 189 934
ordinary shares elected to receive the gross Cash Dividend of
88 ZAR cents per ordinary share (5.090 UK pence per share for
shares held on the Jersey register), resulting in a total
gross Cash Dividend of R 66 047 142, which was paid out of the
distributable retained profits of the Company.
After the Scrip Distribution the Company has an issued share
capital of 201 591 093 Ordinary shares of ZAR 0.01 each.
Share certificates will be dispatched to certificated
Shareholders and Central Securities Depository Participant /
broker accounts of dematerialised Shareholders will be
credited today. Payment of the Cash Dividend will also be
made today.
Sandton
1 December 2014
Merchant bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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