Datatec Limited - Purchase Of Shares By Directors
DATATEC LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
(`Datatec` or `the Company`)
Executive directors purchased shares in Datatec in terms of the Datatec Limited
Deferred Bonus Plan 2005 (`Deferred Bonus Plan`). The shares have been
purchased in the market utilising a specified portion of their annual bonus for
the year ended 28 February 2005. These shares are held in trust and are pledged
until the three year vesting date whereafter the Company would make an equal
matching award.
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed regarding the shares purchased:
Director : J P Montanana
Company : Datatec Limited
Class of security : Ordinary shares
Date of transaction : 18 August 2005
Nature of transaction : Purchase
Number of securities : 100 000
Purchase price : R16.1406 per ordinary share
Total value of transaction : R1 614 060
Nature and extent of
director`s interest : Indirect beneficial
Director : D B Pfaff
Company : Datatec Limited
Class of security : Ordinary shares
Date of transaction : 18 August 2005
Nature of transaction : Purchase
Number of securities : 35 300
Purchase price : R16.10 per ordinary share
Total value of transaction : R568 330
Nature and extent of
director`s interest : Indirect beneficial
The purchases have been made in accordance with, and the matching awards are
subject to, the rules of the Deferred Bonus Plan, 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.
Sandton
22 August 2005
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 22/08/2005 12:38:05 PM
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