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Notification of change in beneficial interest in Datatec shares

Published: 2022-12-07 18:00:26 ET
<<<  go to JSE:DTC company page
DATATEC LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
(“Datatec” or “the Company”)

NOTIFICATION OF CHANGE IN BENEFICIAL INTEREST IN DATATEC SHARES

In accordance with section 122(3)(b) of the Companies Act, No 71
of 2008 (“the Act”), regulation 121(2)(b) of the Companies
Regulations, 2011 and paragraph 3.83(b) of the JSE Limited
Listings Requirements, shareholders are hereby advised that, on 6
December 2022, Datatec received formal notification that the
Public Investment Corporation Soc Limited(“PIC”) has, in
aggregate, disposed of an interest in the ordinary shares of the
Company, such that the total interest in the ordinary shares of
the Company held by the PIC now amounts to 15.79% of the total
issued ordinary shares of the Company.

The notification above was triggered by the increase in Datatec’s
reported issued share capital caused by the JSE processing a
theoretical maximum listing of scrip distribution shares arising
from the Company’s recent Special Dividend. It does not represent
a material change in the number of shares held by the investor but
a theoretical change in the Company’s issued share capital.

Datatec confirms that, as required in terms of section 122(3)(a)
of the Act, the Company has filed the required notices with the
Takeover Regulation Panel.

The board of directors of Datatec accepts responsibility for the
information contained in this announcement as it relates to the
Company and confirms that, to the best of its knowledge and
belief, such information relating to the Company is true and that
this announcement does not omit anything likely to affect the
importance of such information.


Sandown
7 December 2022

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)