Datatec Limited RESULTS OF THE SCRIP DISTRIBUTION (2344Q)
28 November 2016 - 6:00PM
UK Regulatory
TIDMDTC
RNS Number : 2344Q
Datatec Limited
28 November 2016
28 November 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 Friday, 11 November 2016 ("the announcement")
regarding the ratio applicable to the Company's declaration of an
interim 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, 25 November 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 1.27687 Scrip
Distribution Shares for every 100 ordinary shares held on the
Record Date.
In terms of the Scrip Distribution, 812 130 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 38,161,989. Shareholders recorded in the
register of the Company at the close of business on the Record Date
holding 147 536 934 ordinary shares elected to receive the gross
Cash Dividend of 60 cents per ordinary share (3.39 UK pence per
share for shares held on the Jersey register), resulting in a total
gross Cash Dividend of R 88,522,160 which was paid out of the
distributable retained profits of the Company.
Application to list the Scrip Distribution 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.
Following implementation of the Scrip Distribution the Company's
issued and listed share capital is 211 976 622 ordinary shares of
one cent each.
Share certificates in respect of the Scrip Distribution 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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