Datatec Limited RESULTS OF THE SCRIP DISTRIBUTION & CASH DIVIDEND (0602F)
25 July 2016 - 4:00PM
UK Regulatory
TIDMDTC
RNS Number : 0602F
Datatec Limited
25 July 2016
25 July 2016
Datatec Limited
RESULTS OF THE SCRIP DISTRIBUTION AND THE CASH DIVIDEND
ALTERNATIVE
Datatec ordinary shareholders ("Shareholders") are referred to
the announcement released on the Stock Exchange News Service of the
JSE Limited on Tuesday, 12 July 2016 ("the announcement") regarding
the ratio applicable to the Company's declaration of a final
distribution of fully-paid Datatec ordinary shares of one cent each
("Scrip Distribution Shares") to Shareholders recorded in the
register at the close of business on the Record Date, being Friday,
22 July 2016 ("Record Date").
As set out in the announcement, Shareholders not electing to
receive the Cash Dividend in respect of all or part of their
shareholding were entitled to receive that number of Scrip
Distribution Shares determined in the ratio of 3.08390 Scrip
Distribution Shares for every 100 ordinary shares held on the
Record Date.
In terms of the Scrip Distribution, 1 707 331 new ordinary
shares were issued today to Shareholders who did not elect to
receive the Cash Dividend in respect of all or part of their
shareholding, resulting in a capitalisation of the distributable
retained profits of the Company of R 75 293 297. Shareholders
recorded in the register of the Company at the close of business on
the Record Date holding 154 079 645 ordinary shares elected to
receive the gross Cash Dividend of 136 cents per ordinary share
(7.23 UK pence per share for shares held on the Jersey register),
resulting in a total gross Cash Dividend of R 209 548 317 which was
paid out of the distributable retained profits of the Company.
Application to list these shares has been made to the JSE
Limited and to the London Stock Exchange for the admission of these
shares to the Alternative Investment Market. Listing on both
exchanges is expected to become effective today. After the Scrip
Distribution the Company has an issued share capital of 211 155 492
Ordinary shares of one cent each.
Share certificates will be dispatched to certificated
Shareholders and Central Securities Depository Participant / broker
accounts of dematerialised Shareholders will be credited today.
Payment of the Cash Dividend will also be made today.
Enquiries:
Datatec Limited (www.datatec.com
)
Jens Montanana, Chief Executive
Officer +44 (0) 1753 797118
Ivan Dittrich, Chief Financial
Officer +27 (0) 11 233 3301
Wilna de Villiers, Investor
Relations Manager +27 (0) 11 233 1013
Jefferies International Limited - Nominated Advisor
and Broker
Nick Adams/Alex Collins +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
END
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