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Datatec Limited - Grant Of Share Options To Directors And Company Secretary
DATATEC LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
In compliance with the JSE Securities Exchange South Africa (`JSE`) Listings
Requirements, the following information is disclosed:
Director : J P Montanana
Company : Datatec Limited
Date of grant of share options: 10 December 2004
Nature of transaction : Grant of options in terms of the Datatec
Share Options Scheme
Class of securities : Options in respect of ordinary shares
Number of options granted : 350,000
Option price : R9.69 (being the 30 day weighted average
of the closing market price on the JSE
immediately preceding the option date).
Period of exercise : The options are granted for a period of
10 years, where after they shall lapse
Vesting : The options will vest at 25% per annum
from one year after the date of the
grant of the options.
Total value of grant : R3,391,500
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : D B Pfaff
Company : Datatec Limited
Date of grant of share options: 10 December 2004
Nature of transaction : Grant of options in terms of the Datatec
Share Options Scheme
Class of securities : Options in respect of ordinary shares
Number of options granted : 175,000
Option price : R9.69 (being the 30 day weighted average
of the closing market price on the JSE
immediately preceding the option date).
Period of exercise : The options are granted for a period of
10 years, where after they shall lapse
Vesting : The options will vest at 25% per annum
from one year after the date of the
grant of the options.
Total value of grant : R1,695,750
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Company Secretary : I P Dittrich
Company : Datatec Limited
Date of grant of share options: 10 December 2004
Nature of transaction : Grant of options in terms of the Datatec
Share Options Scheme
Class of securities : Options in respect of ordinary shares
Number of options granted : 35,000
Option price : R9.69 (being the 30 day weighted average
Of the closing market price on the JSE
immediately preceding the option date).
Period of exercise : The options are granted for a period of
10 years, where after they shall lapse
Vesting : The options will vest at 25% per annum
from one year after the date of the
grant of the options.
Total value of grant : R339,150
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : yes
Woodmead
13 December 2004
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
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