Wrap Text
Directors and Company Secretary Take Up of Scrip Distribution
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: JSE: DTC
OTCQX: DTTLF
("Datatec" or "the Company")
DIRECTORS AND COMPANY SECRETARY TAKE UP OF SCRIP DISTRIBUTION
Capitalised terms used but not defined in this announcement, shall have the same meanings ascribed
to them in the Circular which was distributed to shareholders on 26 August 2026.
Datatec Shareholders (“Shareholders”) are referred to the announcement regarding the results of the
cash dividend and the scrip distribution alternative which was released on SENS on Monday, 19 August
2026 in which Shareholders were referred to paragraph 7 of the Circular dated 26 August 2026, which
sets out that: (i) pursuant to the terms of the facility agreement entered into in connection with the
Transaction, Datatec is required to procure, to the fullest extent permitted by law, that Mr Jens Peter
Montanana, the Chief Executive Officer of Datatec, will elect to receive the Scrip Distribution Alternative
in respect of approximately 90% of his shareholding at the Record Date; and (ii) in respect of Messrs
Montanana, Ivan Philip Dittrich (Chief Financial Officer) and Simon Morris (Company Secretary), shares
held in escrow on their behalf as part of the Deferred Bonus Warrants (“DBW”) scheme must elect to
receive the Scrip Distribution under the terms of the rules of the DBW. They may also elect to receive
the Scrip Distribution Alternative in respect of all or most of their ordinary shareholding in Datatec, in
the same way as other shareholders.
The details of the directors and company secretary of the Company who received Datatec ordinary
shares on 19 October 2026 under the terms of the Scrip Distribution are set out below, showing the
transaction value at the price per Scrip Distribution share of ZAR 50.63.
a) In accordance with the rules of the DBW Scheme the following participants elected the Scrip
Distribution Alternative:
Director : J P Montanana
Number of shares : 570,030
Total transaction value : R28,858,547
Nature of interest : Direct beneficial
Director : I P Dittrich
Number of shares : 98,290
Total transaction value : R4,976,065
Nature of interest : Direct beneficial
Company Secretary : S P Morris
Number of shares : 27,788
Total transaction value : R1,406,805
Nature of interest : Direct beneficial
b) In addition, the following Scrip Distribution elections were made in relation to shares not
subject to the DBW Scheme and received Scrip Distribution shares as shown:
Director : J P Montanana
Number of shares : 24,707,726
Total transaction value : R1,250,862,359
Nature of interest : Indirect beneficial
Company Secretary : S P Morris
Number of shares : 578,690
Total transaction value : R29,296,971
Nature of interest : Direct beneficial
Johannesburg
21 October 2026
Sponsor
Pallidus Exchange Services Proprietary Limited
Legal Advisors
Bowmans
Date: 21/10/2026 05:30:00
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