DTC - Datatec Limited - Grant and acceptance of rights to participate in share
DTC
DTC
DTC - Datatec Limited - Grant and acceptance of rights to participate in share
incentive plans by executive directors and the company secretary
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
("Datatec" or "the Company" or "the Group")
GRANT AND ACCEPTANCE OF RIGHTS TO PARTICIPATE IN SHARE INCENTIVE PLANS BY
EXECUTIVE DIRECTORS AND THE COMPANY SECRETARY
Executive directors and the Company secretary have been granted rights on 12 May
2011 to participate in the Group`s share based incentive plans as follows:
Share appreciation rights, which are subject to performance conditions and vest
after three years, at a grant price of R36,61:
Name Number of rights Nature of interest
J P Montanana 170 876 rights indirect beneficial
I P Dittrich 61 191 rights direct beneficial
S P Morris 39 407 rights direct beneficial
Long term incentive plan awards, which are subject to performance conditions and
vest after three years:
Name Number of awards Nature of interest
J P Montanana 170 876 conditional awards indirect beneficial
I P Dittrich 45 893 conditional awards direct beneficial
S P Morris 29 555 conditional awards direct beneficial
All rights and awards are subject to the rules of the respective share incentive
plans, as approved by shareholders at the annual general meeting held on 16
August 2005 and amended as approved by shareholders at the annual general
meeting held on 11 August 2010.
Approval for these individual off-market allocations and clearance to transact
has been given.
All these individual allocations as indicated above have been accepted by the
directors and the Company secretary respectively on 13 May 2011.
Sandton
16 May 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
.
Date: 16/05/2011 17:45:02 Produced by the JSE SENS Department.
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