DTC Datatec

TIDMDTC

RNS Number : 5931R

Datatec Limited

22 September 2017

22 September 2017

Datatec Limited

Treasury shares transfer

Datatec Limited ("Datatec" or the "Company", JSE and LSE: DTC), announces the following use of Treasury shares to provide a bonus to a senior employee:

 
 Nature of transaction    :    Off market transfer of shares 
 Class of security        :    Datatec ordinary shares 
 
 Date of transaction      :    21 September 2017 
 Number of Datatec 
  shares                  :    25,307 
 Deemed transfer          :    ZAR 59.2733* 
  price 
 Transaction value        :    ZAR 1,500,000 
 
 Clearance obtained       :    Yes 
 

After this transfer from Treasury, Datatec has 211,967,622 shares in issue, of which 17,941 are Treasury shares.

* the 30 day volume weighted average share price on 31 August 2017.

Enquiries:

 
 Datatec Limited (www.datatec.com) 
 Jens Montanana - Chief Executive 
  Officer                             +44 (0) 1753 797 118 
 Ivan Dittrich - Chief Financial 
  Officer                              +27 (0) 11 233 3301 
 Wilna de Villiers - Group 
  Investor Relations Manager           +27 (0) 11 233 1013 
 Jefferies International Limited - Nominated Advisor 
  and Broker 
 Nick Adams/Simon Hardy               +44 (0) 20 7029 8000 
 finnCap - Broker 
 Stuart Andrews                       +44 (0) 20 7220 0500 
 Instinctif Partners 
 Adrian Duffield/Chantal Woolcock 
  (UK)                                +44 (0) 20 7457 2020 
 Frederic Cornet/Pietman Roos 
  (SA)                                 +27 (0) 11 447 3030 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

September 22, 2017 09:00 ET (13:00 GMT)

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