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DATATEC LIMITED - Dealing in Securities by a Director

Release Date: 19/12/2024 17:00
Code(s): DTC     PDF:  
Wrap Text
Dealing in Securities by a Director

Datatec Limited
Incorporated in the Republic of South Africa
(Registration Number: 1994/005004/06)
JSE share code: DTC
ISIN: ZAE000017745
("Datatec" or the "Company")

DEALING IN SECURITIES BY A DIRECTOR

As announced on the Stock Exchange News Service on 6 December 2022, Mr Jens
Montanana ("Mr Montanana") entered into an equity funding arrangement
("Agreement") with a financial institution which consisted of a loan agreement
securitised by a simultaneous collar hedge and equity lending transaction. This
Agreement has expired and Mr Montanana has entered a new agreement dated 13
December 2024 ("New Agreement") with the same financial institution.

The following information is disclosed in compliance with the JSE Limited Listings
Requirements:

 Director                                 :      J P Montanana
 Company of which a Director              :      Datatec Limited
 Date of transaction                      :      13 December 2024
 Class of securities                      :      Ordinary shares in Datatec.
 Nature of transaction                    :      Off-market collar hedge over
                                                 333,334 ordinary shares of the
                                                 Company with a put strike price of
                                                 R 44.70, call strike price of R 59.75
                                                 and expiry on 14 December 2026.

 Nature of interest                       :      Indirect beneficial
 Clearance obtained                       :      Yes
 Total value of transaction               :      R 14,898,963



Johannesburg
19 December 2024


Sponsor
Pallidus Exchange Services Proprietary Limited

Date: 19-12-2024 05:00:00
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