Sharenet Sites 
Sharenet Sites
GENERAL REPURCHASE OF SHARES
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share codes: JSE: DTC
OTCQX: DTTLF
("Datatec" or "Company")
GENERAL REPURCHASE OF SHARES
1. INTRODUCTION
Shareholders are advised that, in accordance with the general authority granted by
shareholders at the Company's annual general meeting held on Wednesday, 31 July 2024
("General Authority"), Datatec has cumulatively repurchased 4,147,205 ordinary shares
("Shares") in aggregate, representing 1.77% of the Company's issued share capital
(excluding treasury Shares) ("Repurchase") which will now be cancelled.
The Repurchase was effected through the order book operated by the JSE and done without
any prior understanding or arrangement between the Company and the counter parties. After
the appropriate notification to the JSE Limited, the Repurchase continued during the
Company's closed period.
2. DETAILS OF THE REPURCHASE
Details of the Repurchase are as follows:
Dates of Repurchase: Thursday, 28 November 2024
to Thursday 31 July 2025
Highest repurchase price per Share: R67.32
Lowest repurchase price per Share: R43.07
Total number of Shares repurchased: 4,147,205
Total value of Shares repurchased: R227,599,475.61
Total Shares in issue before cancellation of
repurchased shares: 239,499,656
Total Shares in issue after cancellation of
repurchased shares: 235,352,451
Number of treasury shares 445,299
The Shares which have been repurchased will be cancelled and delisted on 6 August 2025
or as soon as practicable thereafter.
3. STATEMENT BY THE BOARD
The Board has considered the effect of the Repurchase and is of the opinion that, for a period
of 12 months following the date of the Repurchase:
- the Company and its subsidiaries (the "Group") will be able in the ordinary course of
business to pay its debts;
- the assets of the Company and the Group will be in excess of the liabilities of the
Company and the Group. For this purpose, the assets and liabilities were recognised
and measured in accordance with the accounting policies used in the latest audited
annual Group financial statements;
- the share capital and reserves of the Company and the Group will be adequate for
ordinary business purposes;
- the working capital of the Company and the Group will be adequate for ordinary
business purposes; and
- the Company and the Group have passed the solvency and liquidity test and since the
test was performed, there have been no material changes to the financial position of the
group.
4. SOURCE OF FUNDS
The Repurchase was funded from the Company's available cash resources.
5. IMPACT ON FINANCIAL INFORMATION
The Repurchase and related transaction costs had no material impact on Datatec's financial
position and resulted in the Group's cash balances reducing by R224.2 million.
The reduced number of Shares in issue after cancellation of the Repurchased Shares will
result in a lower weighted average number of shares used to calculate earnings per share in
future reporting periods.
Johannesburg
5 August 2025
Sponsor
Pallidus Exchange Services Proprietary Limited
Date: 05-08-2025 08:00:00
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.
