Wrap Text
Conditional Share Plan (“CSP”): Dealings in Securities by the Company, Directors and the Company Secretary
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Codes: JSE: DTC
OTCQX: DTTLF
("Datatec" or "the Company" or "the Group")
CONDITIONAL SHARE PLAN ("CSP"): DEALINGS IN SECURITIES BY THE COMPANY,
DIRECTORS AND THE COMPANY SECRETARY
Datatec announces the following in relation to its CSP share incentive
scheme. The CSP was approved by shareholders at the Company's annual
general meeting held on 14 September 2017.
1) SETTLEMENT OF 2023 CSP
CSP awards were granted in June 2023 as announced on SENS on 2 June 2023. A
Total Shareholder Return ("TSR") performance condition applied to the whole
of the award.
The Remuneration Committee has determined that 100% of the June 2023 CSP
awards vested on 1 June 2026 as the performance condition was achieved.
Accordingly, an off-market transfer of Datatec shares from the Company's
Treasury Shares to participants in the June 2023 CSP was effected on 9 June
2026 in settlement of the CSP awards as follows:
Company : Datatec Limited
Class of security : Ordinary shares
Nature of transaction : Off market transfer to
participants in the
2023 CSP whose awards
have vested
Date of transaction : 9 June 2026
Number of securities : 2,280,584
Deemed price per share : R76.68*
Transaction value : R 174,875,181
Nature of interest : Direct beneficial
Clearance obtained : Yes
Details of the transfer of Datatec shares to the participants of the 2023
CSP, who are Directors and the Company Secretary of Datatec, are disclosed
below, in compliance with the JSE Limited Listings Requirements:
Director : J P Montanana
Company : Datatec Limited
Class of security : Ordinary shares
Nature of transaction : Off market receipt of
vested CSP shares
Date of transaction : 9 June 2026
Number of securities : 1,008,933
Deemed price per share : R76.68*
Transaction value : R 77,364,982
Nature of interest : Indirect beneficial
Clearance obtained : Yes
Director : I P Dittrich
Company : Datatec Limited
Class of security : Ordinary shares
Nature of transaction : Off market receipt of
vested CSP shares
Date of transaction : 9 June 2026
Number of securities : 356,490
Deemed price per share : R76.68*
Transaction value : R 27,335,653
Nature of interest : Direct beneficial
Clearance obtained : Yes
Company Secretary : S P Morris
Company : Datatec Limited
Class of security : Ordinary shares
Nature of transaction : Off market receipt of
vested CSP shares
Date of transaction : 9 June 2026
Number of securities : 156,441
Deemed price per share : R76.68*
Transaction value : R 11,995,896
Nature of interest : Direct beneficial
Clearance obtained : Yes
*the closing share price on 29 May 2026, the day before the vesting date.
2) GRANT OF 2026 CSP
CSP awards in respect of Datatec ordinary shares have been granted to
participants on 9 June 2026 following approval by the Remuneration
Committee. The awards are subject to the Rules of the CSP and will vest
after three years, subject to the Group meeting the performance condition
set by the Remuneration Committee which is based on absolute TSR.
Executive directors and the company secretary have accepted CSP awards
granted, as follows:
Name Number of Nature of interest Award Value*
CSP awards
Executive directors
J P Montanana 457,941 indirect beneficial R34,093,707
I P Dittrich 161,806 direct beneficial R12,046,457
Company secretary
S P Morris 76,778 direct beneficial R5,716,122
*The face value of these awards is R74.45 per award, being the 30-day
volume weighted average share price on 26 May 2026, the date of the Group's
FY26 Results Announcement. On vesting and settlement of the CSP awards, a
further announcement of the total transaction value received by the
participants will be released on SENS.
Approval for the individual CSP awards to the directors and the company
secretary and clearance to deal has been given and these individual CSP
awards have been accepted, off market, today 10 June 2026.
10 June 2026
Sponsor
Pallidus Exchange Services Proprietary Limited
Date: 10-06-2026 09:00:00
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