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Results of the Cash Dividend and the Scrip Distribution Alternative
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
("Datatec" or "the Company")
RESULTS OF THE CASH DIVIDEND AND THE SCRIP DISTRIBUTION ALTERNATIVE
Datatec shareholders ("Shareholders") are referred to the announcement regarding the Company's
condensed unaudited interim financial results for the six months ended 31 August 2024 and
declaration of a cash dividend with a scrip distribution alternative released on the Stock Exchange
News Service ("SENS") of the JSE Limited ("JSE") on Thursday, 24 October 2024, in terms of which
the board of directors of the Company declared an interim cash dividend of 75 ZAR cents ("Cash
Dividend") per Datatec ordinary share ("Datatec Ordinary Share") held on the record date, being
Friday, 6 December 2024 ("Record Date"). Shareholders were advised that they would be entitled
to elect to receive a scrip distribution of new, fully paid Datatec Ordinary Shares in proportion to their
ordinary shareholding in Datatec on the Record Date instead of the Cash Dividend ("Scrip
Distribution" or "Scrip Distribution Alternative").
Shareholders were entitled to receive the Cash Dividend of 75 ZAR cents per Datatec Ordinary Share
in respect of their shareholding as at the close of trading on the JSE on the Record Date, in proportion
to their ordinary shareholding in Datatec and to the extent that such Shareholders had not elected to
receive the Scrip Distribution Alternative in respect of all or a part of their shareholding.
Shareholders were entitled to elect to receive that number of Scrip Distribution shares determined
in the ratio of 1.91192 Scrip Distribution shares for every 100 Datatec Ordinary Shares held on the
Record Date, instead of the Cash Dividend.
Shareholders recorded in the register of the Company at the close of business on the Record Date
holding 78,125,676 Datatec Ordinary Shares did not elect to receive the Scrip Distribution
Alternative and will therefore receive the gross Cash Dividend of 75 ZAR cents per Datatec Ordinary
Share (where applicable, 60 ZAR cents per Datatec Ordinary Share, net of applicable Dividend
Withholding Tax) resulting in a total gross Cash Dividend of ZAR 58,594,257 which was paid out of
the distributable retained profits of the Company.
In terms of the Scrip Distribution Alternative, 2,965,247 new Datatec Ordinary Shares were issued
today to Shareholders who elected to receive the Scrip Distribution shares in respect of all or part
of their shareholding, resulting in a capitalisation of distributable retained profits of the Company of
ZAR 116,319,667.
The Cash Dividend payments were made, and Central Securities Depository Participant/broker
accounts of dematerialised Shareholders and certificated Shareholders were credited today. No
share certificates were dispatched to certificated shareholders in respect of the Scrip Distribution.
Johannesburg
9 December 2024
Sponsor
Pallidus Exchange Services Proprietary limited
Legal Advisors
Bowmans
Date: 09-12-2024 10:00:00
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The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
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