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DATATEC LIMITED - Dealing in securities by an associate of a director

Release Date: 30/11/2016 17:00
Code(s): DTC     PDF:  
Wrap Text
Dealing in securities by an associate of a director

Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
(“Datatec”)

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR

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

Director                  :       C S Seabrooke
Company                   :       Datatec Limited
Associate                 :       Subsidiary of Sabvest Limited
                                  (“Sabvest”) which is controlled by The
                                  Seabrooke Family Trust
Nature of transactions    :       On market sale of Datatec shares by
                                  associate

Date of transaction       :       29 November 2016
Date of notification      :       30 November 2016
Class of security         :       Ordinary shares of ZAR 0.01 each
Number of shares          :       348 437
Average price per share   :       R 46,3736
Total transaction value   :       R 16 158 278
Highest price traded      :       R 47,00
Lowest price traded       :       R 46,00

Date of transaction       :       30 November 2016
Date of notification      :       30 November 2016
Class of security         :       Ordinary shares of ZAR 0.01 each
Number of shares          :       151 563
Price per share           :       R 45,5901
Total transaction value   :       R 6 909 772
Highest price traded      :       R 45,60
Lowest price traded       :       R 45,59


Nature of interest        :       Held by associate
Clearance obtained        :       Yes

FThe sale by Sabvest is for debt reduction purposes and following the
this sale Sabvest holds no Datatec Shares.

Sandton
30 November 2016

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

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