Enhanced Investments - Financial Portal

Share Based Payment grants and dealings in securities by directors and the company secretary

Published: 2023-06-02 12:01:21 ET

Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
("Datatec" or "the Company" or "the Group")


SHARE BASED PAYMENT GRANTS AND DEALINGS IN SECURITIES BY DIRECTORS AND THE COMPANY
SECRETARY

Datatec announces the following in relation to its Conditional Share Plan (“CSP”)
which was approved by shareholders at the Company’s annual general meeting held
on 14 September 2017.

CSP awards in respect of Datatec ordinary shares have been granted to participants
on 1 June 2023 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 total shareholder return.

Executive directors and the company secretary have accepted CSP awards granted,
as follows:

 Name                      Number of CSP awards    Nature of interest

 Executive directors
   J P Montanana                       1,008,933   indirect beneficial
   I P Dittrich                          356,490   direct beneficial
 Company secretary
   S P Morris                            156,441   direct beneficial

The face value of these awards is R36.36 per award, being the 30-day volume
weighted average share price on 23 May 2023, the date of the Group’s FY23 Results
Announcement. However, the value to the participant is nil until (and if) the
awards vest. On vesting 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 2 June 2023.


2 June 2023

Sponsor
Pallidus Exchange Services Proprietary Limited

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.