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DATATEC:  4,948   +4 (+0.08%)  31/01/2025 19:14

DATATEC LIMITED - Dealing in Securities by a Director

Release Date: 31/01/2025 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)
ISIN: ZAE000017745
Share Code: DTC
("Datatec" or "the Company")


DEALING IN SECURITIES BY A DIRECTOR

In compliance with the JSE Limited Listings Requirements, the
following information is disclosed:

Director                              :   Jens Montanana ("Mr Montanana")


Company of which a Director:          :   Datatec Limited

Date of transaction                   :   30 January 2025
Class of securities                   :   Ordinary shares in Datatec
                                          Limited.
Nature of transactions                :   Off-market collar hedge over
                                          2,400,000 ordinary shares of the
                                          Company with a put strike price
                                          of R 49.99, call strike price of
                                          R 73.50 and expiry on 31 August
                                          2027.

Nature of interest                    :   Indirect beneficial
Clearance obtained                    :   Yes


Total value of transaction            :    R119,976,000




Mr Montanana entered into an equity funding arrangement with a
financial institution which consisted of a loan agreement
securitised by a simultaneous collar hedge and equity lending
transaction.


31 January 2025

Sponsor
PALLIDUS EXCHANGE SERVICES PROPRIETARY LIMITED

Date: 31-01-2025 05:00:00
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