Datatec Limited
(Incorporated in the Republic of South Africa) (Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
("Datatec" or "the Company")
SHARE INCENTIVE SCHEMES: DEALINGS IN SECURITIES BY THE COMPANY
Datatec announces the following in relation to its Share Appreciation Rights ("SARs") Scheme which was originally approved by shareholders at the Company's annual general meeting held on 16 August 2005 and subsequently amended and approved by shareholders at the annual general meeting held on 14 September 2011.
Holders of SARs granted in May 2015 have exercised their SARs and the Company has purchased Datatec shares in the market and transferred them to the SARs holders in settlement of the exercises.
In addition, the Company has purchased Datatec shares to be held as Treasury Shares for use in the settlement of employee share-based remuneration plans (including the SAR Scheme and the Conditional Share Plan) in future.
Nature of | transaction | : | On market purchase of shares |
Class of security | : | Ordinary shares | |
Date of transaction | : | 24 February 2022 | |
Number of | Datatec shares | : | 17,535 |
Volume weighted average purchase price | : | R35.8776 | |
Highest price traded | : | R36.20 | |
Lowest price traded | : | R35.32 | |
Transaction value | : | R629,114 | |
Nature of | interest | : | Direct non-beneficial |
Clearance | obtained | : | Yes |
Nature of | transaction | : | Off market transfer of shares |
to SARs holder | |||
Class of security | : | Ordinary shares | |
Date of transaction | : | 25 February 2022 | |
Number of | Datatec shares | : | 362 |
Deemed* transfer price | : | R38.71 | |
Deemed transaction value | : | R14,013 | |
Nature of | interest | : | Direct non-beneficial |
Clearance | obtained | : | Yes |
Nature of | transaction | : | Off market transfer of shares |
to SARs holders | |||
Class of security | : | Ordinary shares | |
Date of transaction | : | 25 February 2022 | |
Number of | Datatec shares | : | 10,435 |
Deemed* transfer price | : | R37.11 | |
Deemed transaction value | : | R373,243 | |
Nature of | interest | : | Direct non-beneficial |
Clearance | obtained | : | Yes |
*deemed price is the exercise price of the SARs | |||
Nature of | transaction | : | On market purchase of shares |
Class of security | : | Ordinary shares | |
Date of transaction | : | 25 February 2022 | |
Number of | Datatec shares | : | 167,672 |
Volume weighted average purchase price | : | R37.7823 | |
Highest price traded | : | R40.65 | |
Lowest price traded | : | R36.01 | |
Transaction value | : | R 6,335,034 | |
Nature of | interest | : | Direct non-beneficial |
Clearance | obtained | : | Yes |
Nature of | transaction | : | On market purchase of shares |
Class of security | : | Ordinary shares | |
Date of transaction | : | 28 February 2022 | |
Number of | Datatec shares | : | 375,457 |
Volume weighted average purchase price | : | R37.69352 | |
Highest price traded | : | R38.00 | |
Lowest price traded | : | R36.75 | |
Transaction value | : | R14,152,295 | |
Nature of | interest | : | Direct non-beneficial |
Clearance | obtained | : | Yes |
Following these transactions, the Company holds 549,867 of its own shares as Treasury Shares for use in the settlement of employee share-based remuneration plans.
2 March 2022
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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Datatec Ltd. published this content on 02 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 March 2022 15:27:04 UTC.