Results of the cash dividend and the scrip distribution alternative
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
Share Code: DTC
("Datatec" or "the Company")
RESULTS OF THE CASH DIVIDEND AND THE SCRIP DISTRIBUTION ALTERNATIVE
Shareholders of Datatec (“Shareholders”) are referred to the announcement regarding the Company’s audited
financial results for the year ended 28 February 2021 and declaration of the cash dividend with a scrip distribution
alternative released on the Stock Exchange News Service (“SENS”) of the JSE Limited (“JSE”) on Tuesday,
25 May 2021, in terms of which the board of directors of the Company notified Shareholders that it had resolved
to declare a final cash dividend of 100 ZAR cents (“Cash Dividend”) per Datatec ordinary share held on the
Record Date, being Friday, 16 July 2021 (“Record Date”).
Shareholders were, however, entitled to elect to receive that number of scrip distribution shares determined in
the ratio of 3.42096 scrip distribution shares for every 100 ordinary shares held on the Record Date, instead of the
Cash Dividend (“Scrip Distribution” or "Scrip Distribution Alternative").
Shareholders recorded in the register of the Company at the close of business on the Record Date holding
150 934 536 ordinary shares did not elect to receive the Scrip Distribution Alternative and will therefore receive
the gross Cash Dividend of 100 ZAR cents per Datatec ordinary share (where applicable, 80 ZAR cents per
Datatec ordinary share, net of applicable Dividend Withholding Tax) resulting in a total gross Cash Dividend of
ZAR150 934 536, which was paid out of the distributable retained profits of the Company.
In terms of the Scrip Distribution Alternative, 1 728 104 new ordinary shares were issued today to shareholders
who elected to receive the Scrip Distribution shares in respect of all or part of their shareholding, resulting in a
capitalisation of the distributable retained profits of the Company of ZAR50 515 233.
The Cash Dividend payments were made and Central Securities Depository Participant/broker accounts of
dematerialised shareholders and certificated shareholders were credited today. No share certificates were
dispatched to certificated shareholders in respect of the Scrip Distribution.
Monday, 19 July 2021
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 19-07-2021 10:30:00
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.