Wrap Text
Dealings in Securities by the DBW Plan, Directors and the Company Secretary
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: JSE: DTC
OTCQX: DTTLF
("Datatec", "the Company" or "the Group")
DEALINGS IN SECURITIES BY THE DBW PLAN, DIRECTORS AND THE COMPANY SECRETARY
Datatec announces annual grants under the terms of its Deferred Bonus Warrants
("DBW") Plan.
Participants in the DBW Plan have deferred a portion of their FY26 bonus which is
used to purchase Datatec shares "Bonus Shares" which will be held in escrow until
vesting. The Company has made a co-investment equal to the amount of bonus deferred
in the form of a grant of share appreciation rights ("SARs"). The number of SARs
awarded was determined by the Remuneration Committee based on an estimate of the
fair value of the SARs at the date of grant in relation to the market value of a
Datatec share.
Bonus Shares purchased and the SARs granted in terms of the DBW Plan are subject
to an employment condition and only vest with the participant if they remain in
employment with the Company for approximately three years to the vesting date on
1 June 2029. In addition, there is a two-year, post vesting holding period which
applies to the Bonus Shares and any shares arising from exercise of the SARs
within two years of vesting.
The DBW Plan is required to purchase a total of 273,113 Datatec ordinary shares
in the open market in respect of the Bonus Shares due to the participants who have
deferred part of their bonuses. The number of shares to be purchased was calculated
based on the Rand value of bonus deferred divided by R74.45 being the 30-day
volume weighted average share price on 26 May 2026, the date of the Group's FY26
Results Announcement. Bonus Shares of participants who are Directors and the
Company Secretary are as follows:
DBW Participants Role Number of Nature of interest Rand Value
securities
J P Montanana Director 200,000 Direct beneficial 14,890,000
I P Dittrich Director 45,710 Direct beneficial 3,403,110
S P Morris Company 10,961 Direct beneficial 816,046
Secretary
The shares to satisfy participants' bonus deferral, including the Directors and
Company Secretary as set out above were acquired in the market on 22 and 23 June
2026 with prior clearance at an average price of R 93.0145 per share and a total
transaction value of R 25,520,378 as shown in the table below.
Date of Number of Average Highest Lowest price Transaction
transaction securities purchase price traded value
price traded
R R R R
22 June 26 50,611 92.991 94.12 92.12 4,727,755
23 June 26 222,522 93.020 94.00 91.45 20,792,623
SARs in respect of Datatec ordinary shares were granted in terms of the DBW Plan
on 22 June 2026 with a grant price of R74.45 being the 30-day volume weighted
average share price on 26 May 2026, the date of the Group's FY25 Results
Announcement. The value of the grant is shown in the table below based on the
actuarial value of the SARs awards which is the same as the share value noted
above. The value to a participant is however nil until and if the SARs vest and
are exercised. On vesting and exercise of the SARs, a further announcement of the
value received by the participants will be released.
The SARs granted to the Directors and Company Secretary were as follows:
Name Role Number of Rand value Nature of interest
SARs
J P Montanana Director 600 000 14,890,000 Direct beneficial
I P Dittrich Director 137,130 3,403,110 Direct beneficial
S P Morris Company 32,883 816,046 Direct beneficial
Secretary
Approval for the individual DBW Bonus Shares and SARs granted to the directors
and the company secretary and clearance to deal has been given and the DBW SARs
have been accepted, off market, on 22 June 2026.
24 June 2026
Sponsor
Pallidus Exchange Services Proprietary Limited
Date: 24-06-2026 05:00:00
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.
Sharenet Sites 
