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Treasury shares transfer

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By LSE RNS

RNS Number : 5931R
Datatec Limited
22 September 2017
 

22 September 2017

 

Datatec Limited

 

Treasury shares transfer

 

Datatec Limited ("Datatec" or the "Company", JSE and LSE: DTC), announces the following use of Treasury shares to provide a bonus to a senior employee:

 

Nature of transaction

:

Off market transfer of shares

Class of security

:

Datatec ordinary shares

 

 

 

Date of transaction       

:

21 September 2017   

Number of Datatec shares  

:

25,307

Deemed transfer price

:

ZAR 59.2733*

Transaction value

:

ZAR 1,500,000

 

 

 

Clearance obtained

:

Yes

 

After this transfer from Treasury, Datatec has 211,967,622 shares in issue, of which 17,941 are Treasury shares.

* the 30 day volume weighted average share price on 31 August 2017.

 

 

Enquiries:

Datatec Limited  (www.datatec.com)

 

Jens Montanana - Chief Executive Officer

+44 (0) 1753 797 118

Ivan Dittrich - Chief Financial Officer

+27 (0) 11 233 3301

Wilna de Villiers - Group Investor Relations Manager

+27 (0) 11 233 1013

Jefferies International Limited - Nominated Advisor and Broker

Nick Adams/Simon Hardy

+44 (0) 20 7029 8000

finnCap - Broker

 

Stuart Andrews

+44 (0) 20 7220 0500

Instinctif Partners

 

Adrian Duffield/Chantal Woolcock (UK)

+44 (0) 20 7457 2020

Frederic Cornet/Pietman Roos (SA)

+27 (0) 11 447 3030

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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