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Thu 16 Jul 2026
Close: 8 633c 
Day's move: -142c (-1.62%)
Volume: 516 148
Trades: 1 578
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Datatec - scrip fractional entitlements
The ratio applicable to the Scrip Distribution entitlement was announced on SENS on Tuesday, 7 July 2026, being 2.64489 Scrip Distribution shares for every 100 Datatec Ordinary Shares held on the Record Date. If the application of this ratio gives rise to a fraction of a new ordinary share, such fraction of a new ordinary share will be rounded down to the nearest whole number, resulting in allocations of whole ordinary shares and a cash payment for the fraction ("Rounding Provision").
The basis applicable in determining the cash payment for the fractional entitlement is ZAR7 890.70680 cents (the VWAP of Datatec Ordinary Shares traded on the JSE on Wednesday, 15 July 2026 of ZAR8 767.45200 cents, discounted by 10%).
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Datatec - completion of refinancing
Datatec shareholders ("Shareholders") are referred to the announcement on SENS on 19 June 2026 which advised that Datatec had, through its subsidiary Westcon International Ltd. ("WIL"), entered into binding agreements with Atlantic Park Strategic Capital II Designated Activity Company and Atlantic Park Strategic Master Fund III, LP ("General Atlantic") for the refinancing of Westcon International Group Holdings Ltd. ("WIGHL"), the intermediate holding company of the Westcon group of companies ("Westcon"), as well as a minority investment in WIGHL (the "Transaction"), with an intended closing date of 14 July 2026.
Datatec and General Atlantic have agreed the closing date for the Transaction will be on or about 4 August 2026.
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Datatec - scrip distribution ratio
Datatec announced a final gross cash dividend of 225 ZAR cents per share, payable on 17 July 2026, with shareholders entitled to elect a scrip distribution of fully paid new shares instead of cash. The number of shares allocated will be based on the 30-day VWAP of 8506.96113 ZAR cents, less the dividend, resulting in a ratio of 2.64489 new shares per 100 shares held. Fractional entitlements will be rounded down, with cash payments for fractions to be announced on 16 July 2026.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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