DATATEC LIMITED - Clarification Announcement Finalisation Announcement in respect of the special cash dividend of R23 per share | |
2 January 2018 8:33 | |
DTC 201801020008A Clarification Announcement - Finalisation Announcement in respect of the special cash dividend of R23 per share Datatec Limited Incorporated in the Republic of South Africa (Registration Number: 1994/005004/06) JSE share code: DTC ISIN: ZAE000017745 ('Datatec' or the 'Company', JSE: DTC) CLARIFICATION ANNOUNCEMENT - FINALISATION ANNOUNCEMENT IN RESPECT OF THE SPECIAL CASH DIVIDEND OF R23 PER SHARE TO ORDINARY SHAREHOLDERS WITH AN ELECTION TO RECEIVE NON-RENOUNCEABLE CAPITALISATION ISSUE SHARES IN LIEU OF THE CASH DIVIDEND Further to the finalisation announcement released by the Company on the Stock Exchange News Service ('SENS') on Friday, 22 December 2017, the Company wishes to clarify that the ratio of entitlement to receive a scrip distribution of fully paid capitalisation ordinary shares ('Shares') in respect of all or a part of their shareholding as at the close of business on the Record Date, being Friday, 12 January 2018 ('the Scrip Distribution'), is 67.19252 fully paid-up capitalisation issue Shares for every 100 Shares held and not 67.19071 as previously stated. The salient dates for the proposed special cash dividend of R23,00 per ordinary Share to Shareholders and Scrip Distribution alternative, as contained in the circular dated Friday, 8 December 2017, have not been amended and remains unchanged. Any change will be announced on SENS. Johannesburg 2 January 2018 Transaction Sponsor Pallidus Capital Proprietary Limited Corporate Finance Advisor Avior Capital Markets Proprietary Limited Date: 02/01/2018 08:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS. | |
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