Wrap Text
Posting of circular relating to scrip distribution or cash dividend election
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
("Datatec” or “the Company”)
POSTING OF CIRCULAR RELATING TO SCRIP DISTRIBUTION OR CASH DIVIDEND ELECTION
Shareholders are referred to the Company’s unaudited interim financial results for the six months ended 31
August 2015, published on the Stock Exchange News Service (“SENS”) on 21 October 2015 (“Results
Announcement”), in which they were advised that Datatec’s board of directors had resolved to declare an
interim distribution of fully-paid Datatec ordinary shares of one cent each (“Scrip Distribution”) to ordinary
Shareholders (“Shareholders”) recorded in the register of the Company at the close of business on the
Record Date, being Friday, 27 November 2015.
Shareholders will be entitled to elect to receive a cash dividend alternative of 105 ZAR cents per ordinary
share of one cent each held on the Record Date, being Friday, 27 November 2015, in respect of all or part
of their ordinary shareholding, instead of the Scrip Distribution (“the Cash Dividend”).
The Cash Dividend will be paid only to those:
- certificated Shareholders whose Forms of Election to receive the Cash Dividend, in respect of all or part
of their shareholding, are received by the Transfer Secretaries on or before 12h00 noon (10h00 UK
time) on Friday, 27 November 2015; and
- dematerialised Shareholders who have instructed their CSDP or broker accordingly and in the manner
and time stipulated in their agreement with such CSDP or broker.
The number of Scrip Distribution shares to which each of the Shareholders will become entitled pursuant to
the Scrip Distribution (to the extent that such Shareholders have not elected to receive the Cash Dividend)
will be determined by reference to such Shareholder’s ordinary shareholding in Datatec (at the close of
business on the Record Date, being Friday, 27 November 2015) in relation to the ratio that 105 ZAR cents
bears to the volume weighted average price (“VWAP”) of an ordinary Datatec share traded on the JSE
during the 30-day trading period ending on Thursday, 12 November 2015.
Shareholders are advised that a circular, setting out, inter alia, the terms of the Scrip Distribution and Cash
Dividend (and including a Form of Election) will be posted to shareholders today, Thursday, 5 November
2015 (“the Circular”). The Circular is also available on the Company’s website, www.datatec.com or
www.datatec.co.za.
The salient dates for the proposed Scrip Distribution and Cash Dividend, also contained in the Circular, are
as follows:
EVENT 2015
Announcement released on SENS in respect of the ratio applicable to the
Scrip Distribution, based on the 30-day VWAP ending on Thursday, 12
November, by 11h00 (09h00 UK time) on Friday, 13 November
Announcement published in the press of the ratio applicable to the Scrip
Distribution, based on the 30-day VWAP ending on Thursday, 12 November
2015 on Monday, 16 November
Last day to trade in order to be eligible to receive the Scrip Distribution and
the Cash Dividend alternative Friday, 20 November
Ordinary shares trade “ex” the Scrip Distribution and the Cash Dividend
alternative on Monday, 23 November
Listing and trading of maximum possible number of ordinary shares on the Monday, 23 November
JSE in terms of the Scrip Distribution from the commencement of business on
Last day to elect to receive the Cash Dividend alternative instead of the Scrip
Distribution, Forms of Election to reach the Transfer Secretaries by 12h00
noon (10h00 UK time) on Friday, 27 November
Record Date in respect of the Scrip Distribution and the Cash Dividend
alternative Friday, 27 November
Scrip Distribution shares issued to Shareholders on the South African register
and Scrip Distribution certificates posted and Cash Dividend payments made,
CSDP/broker accounts credited/updated, as applicable, on Monday, 30 November
Cash Dividend payments made by BACS (direct credit) to Shareholders on the
Jersey register, Scrip Distribution shares and depositary interests issued to
Shareholders on the Jersey register, CREST accounts credited with the new
Scrip Distribution shares and depositary interests, as applicable, and AIM
listing of ordinary shares issued in respect of the Scrip Distribution on Monday, 30 November
Announcement relating to the results of the Scrip Distribution and the Cash
Dividend alternative released on SENS on Monday, 30 November
Announcement relating to the results of the Scrip Distribution and the Cash
Dividend alternative published in the press on Tuesday, 1 December
JSE listing of ordinary shares in respect of the Scrip Distribution adjusted to
reflect the actual number of ordinary shares issued in terms of the Scrip
Distribution at the commencement of business on or about Wednesday, 2 December
Share certificates may not be dematerialised or rematerialised, nor may transfers between registers take
place, between Monday, 23 November 2015 and Friday, 27 November 2015, both days inclusive.
Sandton
5 November 2015
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 05/11/2015 10:00:00 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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