DATATEC LIMITED - Notification of change in beneficial interest in Datatec shares

Notification of change in beneficial interest in Datatec shares

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

NOTIFICATION OF CHANGE IN BENEFICIAL INTEREST IN DATATEC SHARES

In accordance with section 122(3)(b) of the Companies Act, No 71
of 2008 (“the Act”), regulation 121(2)(b) of the Companies
Regulations, 2011 and paragraph 3.83(b) of the JSE Limited
Listings Requirements, shareholders are hereby advised that, on
9 December 2022, Datatec received formal notification that the
clients of Sanlam Investment Management (Pty) Ltd (“Sanlam”) have,
in aggregate, acquired an interest in the ordinary shares of the
Company, such that the total interest in the ordinary shares of
the Company held by Sanlam now amounts to 15.63% of the total
issued ordinary shares of the Company.

The notification above was triggered by a decrease in Datatec’s
reported issued share capital caused by the JSE adjusting the
theoretical maximum listing of scrip distribution shares arising
from the Company’s recent Special Dividend to reflect the results
of the scrip distribution election as announced on 5 December
2022. It does not represent a material change in the number of
shares held by the investor but a theoretical change in the
Company’s issued share capital.

Datatec confirms that, as required in terms of section 122(3)(a)
of the Act, the Company has filed the required notices with the
Takeover Regulation Panel.

The board of directors of Datatec accepts responsibility for the
information contained in this announcement as it relates to the
Company and confirms that, to the best of its knowledge and
belief, such information relating to the Company is true and that
this announcement does not omit anything likely to affect the
importance of such information.


Sandown
12 December 2022

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

Date: 12-12-2022 05:00:00
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