Wrap Text
Exercise of DBW SARs: Dealings in Securities by the DBW Plan, Directors and the Company Secretary
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: JSE: DTC
OTCQX: DTTLF
("Datatec", "the Company" or "the Group")
EXERCISE OF DBW SARS: DEALINGS IN SECURITIES BY THE DBW PLAN, DIRECTORS AND THE
COMPANY SECRETARY
Under the terms of Datatec's Deferred Bonus Warrants ("DBW") Plan, participants
who defer a portion of their annual bonus purchase Datatec Shares with the deferred
amount of their bonus and receive a grant of Share Appreciation Rights ("SARs")
of an equal value. The SARs vest three years after grant provided the participant
remains employed by the Group.
On Tuesday 23 June 2026, participants in the DBW Plan have exercised all their
vested SARs at an exercise price of R93.39 being the closing share price on 22
June 2026.
The grant of the SARs being exercised was announced on SENS on 16 August 2022 and
2 June 2023 and the totals being exercised are shown below:
Grant date Vesting Strike Total number Appreciation Number of
date price of SARs per share Shares
R R Arising
15 August 2022 1 June 2025 27.75* 1,955,186* 65.64 1,374,220
1 June 2023 1 June 2026 36.36 1,433,576 57.03 875,435
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Total 3,388,762 2,249,655
* The strike price and number of SARs in the 2022 grant were modified to account
for the Special Dividend paid by the Company on 5 December 2022.
SARs exercises of participants who are Directors and the Company Secretary will
be settled by Datatec ordinary shares ("Shares") as follows:
DBW Participant Role Number of Nature of interest Rand Value
Shares
J P Montanana Director 1,603,003 Direct beneficial 149,704,490
I P Dittrich Director 306,640 Direct beneficial 28,637,064
S P Morris Company 81,662 Direct beneficial 7,626,382
Secretary
The DBW Plan is share-settled and therefore required to purchase a total of
2,249,655 Shares in the open market to settle the SARs exercise due to the
participants, including the Directors and Company Secretary with prior clearance.
The Shares to be delivered to participants are subject to a two-year holding
period from the vesting date.
Up to 25 June 2026, 575,782 shares have been purchased at an average price of R
93.8272 per share and a total transaction value of R 54,024,028 on the market as
shown in the table below.
Date of Number of Average Highest Lowest Transaction
transaction Shares purchase price price value
price traded traded
R R R R
23 June 2026 312,256 93.00 93.00* 93.00* 29,039,808
24 June 2026 162,296 94.5033 95.55 93.54 15,337,508
25 June 2026 101,230 95.2950 96.40 94.14 9,646,713
* The Shares purchased on 23 June 2026 was one single trade.
26 June 2026
Sponsor
Pallidus Exchange Services Proprietary Limited
Date: 26-06-2026 08:00:00
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