Datatec Limited - Grant And Acceptance Of Rights To Participate In Share
Incentive Plans
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
(`Datatec` or `the Company`)
GRANT AND ACCEPTANCE OF RIGHTS TO PARTICIPATE IN SHARE INCENTIVE PLANS
Executive directors and the company secretary have been granted rights to
participate in the Group`s share based incentive plans on 16 August 2005 as
follows:
Share appreciation rights, which are subject to performance conditions and vest
after three years, at a grant price of R13.76.
J P Montanana 330 669 rights (indirect beneficial)
D B Pfaff 132 267 rights (direct beneficial)
I P Dittrich 41 047 rights (direct beneficial)
Long term incentive plan awards, which are subject to performance conditions and
vest after three years.
J P Montanana 330 669 conditional awards (indirect beneficial)
D B Pfaff 99 201 conditional awards (direct beneficial)
I P Dittrich 32 251 conditional awards (direct beneficial)
All rights and rewards 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.
Approval for the individual 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 18 August 2005.
Sandton
18 August 2005
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 18/08/2005 05:14:56 PM
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