Datatec - Grant and acceptance of rights to partic
DTC
DTC
Datatec - 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 Group")
GRANT AND ACCEPTANCE OF RIGHTS TO PARTICIPATE IN SHARE INCENTIVE PLANS
Executive directors and the company secretary have been granted rights on 17 May
2006 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 R27.22.
J P Montanana 187 482 rights (indirect beneficial)
D B Pfaff 74 963 rights (indirect beneficial)
I P Dittrich 23 093 rights (direct beneficial)
Long term incentive plan awards, which are subject to performance conditions and
vest after three years.
J P Montanana 187 482 conditional awards (indirect beneficial)
D B Pfaff 56 222 conditional awards (indirect beneficial)
I P Dittrich 18 145 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 17 May 2006.
Sandton
19 May 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 19/05/2006 05:00:03 PM Produced by the JSE SENS Department
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