Datatec Limited (JSE:DTC) commences share repurchase on January 12, 2018, under the program mandated by the shareholders in the Annual General Meeting held on September 14, 2017. As per the mandate, the company is authorized to repurchase up to 20% of its issued share capital in any financial year and subsidiaries may not hold 10% of the company’s issued share capital. The maximum price which may be paid for each share will not be more than 10% of the weighted average of the market value at which such ordinary shares are traded on the Johannesburg Stock Exchange, as determined over the 5 business days immediately preceding the date on which the transaction is affected. The program will be funded from the company’s available cash resources. The share buyback program shall expire at the earliest of the conclusion of the next Annual General Meeting or after 15 months, whichever is earlier.