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DATATEC LIMITED - Posting of circular relating to scrip distribution or cash dividend election

Release Date: 03/11/2016 10:00
Code(s): DTC     PDF:  
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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 results for the six months ended 31 August 
2016 published on the Stock Exchange News Service (“SENS”) on Wednesday, 19 October 2016 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 (“the Scrip Distribution”) to ordinary Shareholders 
(“Shareholders”) recorded in the register of the Company at the close of business on, Friday, 25 November 
2016 (“Record Date”).   
 
Shareholders will be entitled to elect to receive a cash dividend alternative of 60 ZAR cents per ordinary 
share of one cent each held on the Record Date 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 the Record Date; 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) in relation to the ratio that 60 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, 10 November 2016.  
 
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) was posted to Shareholders today, Thursday, 3 November 2016 
(“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                                                                                                        2016

    Announcement released on SENS in respect of the ratio                   Friday, 11 November
    applicable to the Scrip Distribution, based on the 30-day 
    VWAP ending on Thursday, 10 November 2016, by 11h00 
    (09h00 UK time) on 

    Announcement published in the press of the ratio applicable             Monday, 14 November
    to the Scrip Distribution, based on the 30-day VWAP ending on 
    Thursday, 10 November 2016 on 

    Last day to trade in order to be eligible for the Scrip                 Tuesday, 22 November
    Distribution and the Cash Dividend alternative 

    Ordinary shares trade “ex” the Scrip Distribution and the Cash          Wednesday, 23 November
    Dividend alternative on 
 
    Listing and trading of maximum possible number of ordinary              Wednesday, 23 November
    shares on the JSE in terms of the Scrip Distribution from the 
    commencement of business on  

    Announcement released on SENS by 11h00 in respect of the                Thursday, 24 November
    cash payment applicable to fractional entitlements, based on 
    the VWAP on Wednesday, 23 November 2016, discounted by 
    10% 

    Last day to elect to receive the Cash Dividend alternative              Friday, 25 November
    instead of the Scrip Distribution, Forms of Election to reach 
    the Transfer Secretaries by 12h00 noon (10h00 UK time) on 

    Record Date in respect of the Scrip Distribution and the Cash           Friday, 25 November
    Dividend alternative 

    Scrip Distribution shares issued to Shareholders on the South           Monday, 28 November
    African register and Scrip Distribution certificates posted and 
    Cash Dividend payments made, CSDP/broker accounts 
    credited/updated, as applicable, on 

    Cash Dividend payments made by BACS (direct credit) to                  Monday, 28 November
    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 

    Announcement relating to the results of the Scrip Distribution          Monday, 28 November
    and the Cash Dividend alternative released on SENS on 

    Announcement relating to the results of the Scrip Distribution          Tuesday, 29 November
    and the Cash Dividend alternative published in the press on 

    JSE listing of ordinary shares in respect of the Scrip                  Wednesday, 30 November
    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 
 
Share certificates may not be dematerialised or rematerialised, nor may transfers between registers take 
place, between Wednesday, 23 November 2016 and Friday, 25 November 2016, both days inclusive. 
 
Sandton 
3 November 2016 
 
Sponsor 
RAND MERCHANT BANK (A division of FirstRand Bank Limited) 
 

Date: 03/11/2016 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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