Wrap Text
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: JSE: DTC
OTCQX: DTTLF
("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 audited financial results for the year ended 28 February 2026 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 Tuesday, 26 May 2026, in terms of which the board of
directors of the Company notified Shareholders that it had resolved to declare a gross final cash
dividend of 225 ZAR cents ("Cash Dividend") per Datatec ordinary share ("Datatec Ordinary
Shares") held on the record date, being Friday, 17 July 2026 ("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 225 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 Tuesday, 7 July
2026, being 2.64489 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, 15 July 2026, (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 7890.70680 ZAR cents (the VWAP of Datatec Ordinary Shares
traded on the JSE on Wednesday, 15 July 2026 of 8767.45200 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 x 225 ZAR cents / (8731.96113 - 225) ZAR cents
= 2.64489 Scrip Distribution Shares
The Rounding Provision described above is then applied and the Shareholder will receive:
2 Scrip Distribution shares in respect of the 100 Shares held and a cash payment of 5088.63791
ZAR cents for the fractional entitlement (calculated as follows 0.64489 x 7890.70680 = 5088.63791 ZAR cents).
Shareholders are referred to paragraph 3.4.4 of the circular, setting out the terms of the Cash
Dividend and the Scrip Distribution Alternative, including a Form of Election to elect to receive the
Scrip Distribution Alternative, which was distributed to Shareholders on Wednesday, 3 June 2026
("Circular"), in which it is stated that the Scrip Distribution Alternative and cash paid for a fraction of
a Datatec Ordinary Share will not be subject to Dividend Withholding Tax ("DWT") in terms of the
Income Tax Act 58 of 1962, as amended ("ITA"). Accordingly, this fractional entitlement payment
will not be subject to DWT in terms of the ITA.
Furthermore, Shareholders are referred to paragraph 3.4.1 of the Circular in which stated that the
Cash Dividend is likely to have tax implications for both resident and non-resident Shareholders. In
terms of the ITA, the Cash Dividend will, unless exempt, be subject to DWT.
Johannesburg
16 July 2026
Sponsor
Pallidus Exchange Services Proprietary Limited
Legal Advisors
Bowmans
Date: 16-07-2026 11:00:00
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.
Sharenet Sites 
