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Posting of circular relating to a special cash dividend to ordinary shareholders of R23 per share with an election
Datatec Limited
Incorporated in the Republic of South Africa
(Registration Number: 1994/005004/06)
JSE share code: DTC
ISIN: ZAE000017745
("Datatec" or the "Company", JSE and LSE: DTC)
POSTING OF CIRCULAR RELATING TO A SPECIAL CASH DIVIDEND TO ORDINARY SHAREHOLDERS
OF R23 PER SHARE WITH AN ELECTION TO RECEIVE NON-RENOUNCEABLE CAPITALISATION
ISSUE SHARES IN LIEU OF THE CASH DIVIDEND
The ordinary shareholders of the Company ("Shareholders") are referred to the announcement released by
the Company on the Stock Exchange News Service ("SENS") on Wednesday, 29 November 2017, in terms of
which the Company declared a special cash dividend of R23,00 per ordinary share ("Share") to Shareholders
("Cash Dividend") on the basis that –
- any Shareholder is entitled, in lieu of the Cash Dividend, to elect to receive a scrip distribution of fully paid
capitalisation Shares in respect of all or a part of their shareholding as at the close of business on the
Record Date, being Friday, 12 January 2018 ("the Scrip Distribution"); or
- if any Shareholder fails to make an election or does not make its election properly or timeously, the default
position is that such Shareholder will receive (and is deemed to have elected to receive) the Cash Dividend
in respect of his entire shareholding as at the close of business on the Record Date.
Shareholders are advised that a circular ("the Circular"), setting out, inter alia, the terms of the Cash Dividend
and Scrip Distribution alternative (including a Form of Election) has been posted to Shareholders and made
available on the Company's website (www.datatec.com) today, Friday, 8 December 2017.
Shareholders who wish to receive the Cash Dividend must not take any action, since the Cash Dividend is
paid as the default position.
Shareholders who wish to receive the Scrip Distribution in respect of all or any of their Shares must take the
following action:
- certificated Shareholders must complete, sign and submit the Form of Election attached to the Circular, in
respect of all or the part of their shareholding for which they wish to receive the Scrip Distribution
alternative, so as to be received by the Company's transfer secretaries, Computershare Investor Services
Proprietary Limited, Rosebank Towers, 15 Biermann Avenue, Rosebank, Johannesburg, 2198 (PO Box
62053, Marshalltown, 2107), by no later than 12h00 noon on Friday, 12 January 2018; and
- dematerialised Shareholders must instruct their CSDPs or brokers accordingly and in the manner and time
stipulated in the custody agreements with such CSDPs or brokers.
The rights to receive the Scrip Distribution Shares in jurisdictions other than the Republic of South Africa may
be restricted by law and any failure to comply with those restrictions may constitute a violation of the securities
laws of such jurisdictions. Accordingly, Shareholders are not entitled to receive the Scrip Distribution Shares,
directly or indirectly, in those jurisdictions and are deemed to have elected the Cash Dividend.
The salient dates for the proposed Cash Dividend and Scrip Distribution alternative, also contained in the
Circular, are as follows:
EVENT
Circular and Form of Election posted to Shareholders and made available Friday, 8 December
on the Company's website on 2017
Finalisation Announcement released on SENS in respect of the ratio of Friday, 22 December
entitlement applicable to the Scrip Distribution, based on the 30-day volume 2017
weighted average price ending at the close of business on Thursday, 21
December 2017, by 11h00 on
Finalisation Announcement published in the press in respect of the ratio of Wednesday, 27
entitlement applicable to the Scrip Distribution, based on the 30-day volume December 2017
weighted average price ending at the close of business on Thursday, 21
December 2017, on
Last day to trade in order to be eligible for the Cash Dividend and the Scrip Tuesday, 9 January
Distribution alternative 2018
Shares trade "ex" the Cash Dividend and the Scrip Distribution alternative Wednesday, 10 January
on 2018
Listing and trading of maximum possible number of Shares on the JSE in Wednesday, 10 January
terms of the Scrip Distribution alternative from the commencement of 2018
business on
Announcement relating to the calculation of cash payments in respect of Thursday, 11 January
fractional entitlements released on SENS by 11h00 on 2018
Last day to elect to receive the Scrip Distribution alternative in lieu of the Friday, 12 January 2018
Cash Dividend, Forms of Election to reach the Transfer Secretaries by
12h00 noon on
Record Date in respect of the Cash Dividend and the Scrip Distribution Friday, 12 January 2018
alternative
Announcement relating to the results of the Cash Dividend and the Scrip Monday, 15 January
Distribution alternative released on SENS by 11h00 on 2018
Scrip Distribution Shares issued to Shareholders on the securities register Monday, 15 January
of the Company and Scrip Distribution certificates posted, and Cash 2018
Dividend payments made, CSDP/Broker accounts credited/updated, as
applicable, on
Announcement relating to the results of the Cash Dividend and the Scrip Tuesday, 16 January
Distribution alternative published in the press on 2018
JSE listing of Shares in respect of the Scrip Distribution adjusted to reflect Wednesday, 17 January
the actual number of Shares issued in terms of the Scrip Distribution 2018
alternative at the commencement of business on or about
All times provided in this announcement are South African local times. The above dates and times are subject
to change. Any change will be announced on SENS.
Share certificates may not be Dematerialised or Rematerialised between Wednesday, 10 January 2018 and
Friday, 12 January 2018, both days inclusive.
Johannesburg
8 December 2017
Transaction Sponsor
Pallidus Capital Proprietary Limited
Corporate Finance Advisor
Avior Capital Markets Proprietary Limited
Date: 08/12/2017 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.
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