Sharenet Sites 
Sharenet Sites
Cash payment applicable to fractional entitlements in terms of the scrip distribution
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
("Datatec" or "the Company")
CASH PAYMENT APPLICABLE TO FRACTIONAL ENTITLEMENTS IN TERMS OF THE SCRIP DISTRIBUTION
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 notified Shareholders that it had resolved to declare 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 will be 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 have not elected to
receive the Scrip Distribution Alternative in respect of all or a part of their shareholding.
Shareholders will, however, be entitled to elect to receive a Scrip Distribution of new, fully paid
Datatec Ordinary Shares in respect of their shareholding in Datatec as at the Record Date, in respect
of all or part of their ordinary shareholding, instead of the Cash Dividend.
The ratio applicable to the Scrip Distribution entitlement was announced on SENS on Monday, 25
November 2024, being 1.91192 Scrip Distribution shares for every 100 Datatec Ordinary Shares held
on the Record Date. If the application of this ratio gives rise to a fraction of a new ordinary share, such
fraction of a new ordinary share will be rounded down to the nearest whole number, resulting in
allocations of whole ordinary shares and a cash payment for the fraction ("Rounding Provision").
In accordance with the Listings Requirements of the JSE, the cash payment for the fractional
entitlement has been determined with reference to the volume weighted average price ("VWAP") of
a Datatec Ordinary Share traded on the JSE on Wednesday, 4 December 2024 (being the day on
which Datatec Ordinary Shares began trading 'ex' the entitlement to receive the Cash Dividend or
the Scrip Distribution Alternative), discounted by 10%.
Shareholders are accordingly advised that the basis applicable in determining the cash payment for
the fractional entitlement is 4028.14738 ZAR cents (the VWAP of Datatec Ordinary Shares traded
on the JSE on Wednesday, 4 December 2024 of 4475.71930 ZAR cents, discounted by 10%).
Example of fractional entitlement:
This example assumes that a Shareholder holds 100 Datatec Ordinary Shares at the close of
business on the Record Date and elects to receive the Scrip Distribution shares in respect of all their
shareholding.
New ordinary share entitlement =
100 × 75 ZAR cents / (3997.76485-75) ZAR cents
= 1.91192 Scrip Distribution Shares
The Rounding Provisions described above is then applied and the Shareholder will receive:
1 Scrip Distribution share in respect of the 100 Shares held and a cash payment of 3673.34816 ZAR
cents for the fractional entitlement (calculated as follows 0.91192 × 4028.14738 = 3673.34816 ZAR
cents).
This fractional entitlement payment will not be subject to Dividend Withholding Tax in terms of the
Income Tax Act 58 of 1962, as amended.
Johannesburg
5 December 2024
Sponsor
Pallidus Exchange Services Proprietary limited
Legal Advisors
Bowmans
Date: 05-12-2024 10:45:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
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,
information disseminated through SENS.
