DATATEC LIMITED - General repurchase of shares: posting of circular to shareholders

Release Date: 11/12/2018 08:00
Code(s): DTC
 
Wrap Text
General repurchase of shares: posting of circular to shareholders

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

GENERAL REPURCHASE OF SHARES: POSTING OF CIRCULAR TO SHAREHOLDERS

The board of directors (“Board”) of Datatec, the international Information and Communications
Technology company, intends to return surplus cash to the shareholders of the Company by way
of a general repurchase of the Company’s shares.

Accordingly, the Board has decided to issue a circular convening a general meeting
(“General Meeting”) of shareholders for the purposes of voting on a special resolution to
authorise a general repurchase of shares in terms of the Listings Requirements of the JSE
Limited.

A circular to shareholders, detailing the proposed general repurchase of shares and
incorporating a notice of general meeting (“Notice of General Meeting”) and, where applicable,
a form of proxy, has been posted today Tuesday, 11 December 2018 (“the Circular”).

The Circular is also available on the Company’s website, www.datatec.com. The salient dates
pertaining to the proposed general repurchase authority, also contained in the Circular, are set
out below:

Salient dates                                                                                         2018/2019
The record date for purposes of receiving the Circular and Notice of General Meeting        Friday, 30 November
(being the date on which a Datatec shareholder must be recorded in the register in
order to receive the Circular and Notice of General Meeting) is
Circular posted to Datatec shareholders on                                                 Tuesday, 11 December
Last day to trade in order to be eligible to attend, speak and vote at the General          Monday, 31 December
Meeting is
Record date to determine shareholders eligible to attend, speak and vote at the               Friday, 4 January
General Meeting is
Last day and time to give notice to participate in the General Meeting electronically by   Wednesday, 9 January
12:00 on
For administrative purposes, shareholders requested (but not required) to lodge forms        Friday, 11 January
of proxy with The Meeting Specialist Proprietary Limited, by 12:00 on
General Meeting of shareholders at 12:00 on                                                 Tuesday, 15 January
Results of General Meeting released on SENS on                                              Tuesday, 15 January
Results of General Meeting published in the South African press on                        Wednesday, 16 January

Notes:
1. All dates and times are South African dates and South African standard times.
2. The dates and times may be changed by Datatec. Any change will be published on SENS.
3. If the General Meeting is adjourned or postponed, forms of proxy submitted for the initial General
   Meeting will remain valid in respect of any adjournment or postponement of the General Meeting.
4. Shareholders should note that as transactions in the Shares are settled in the electronic settlement
   system used by Strate, settlement of trades takes place 3 (three) Business Days after such trade.
   Therefore, Shareholders who acquire Shares after Monday, 31 December 2018 will not be eligible to
   vote at the General Meeting.
5. If you do not lodge or post the form of proxy to reach The Meeting Specialist Proprietary Limited by
   the relevant time, you will nevertheless be entitled to have the form of proxy lodged immediately
   prior to the proxy exercising his/her rights at the General Meeting with the chairperson of the
   General Meeting.

Johannesburg
11 December 2018

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 11/12/2018 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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