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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Datatec | LSE:DTC | London | Ordinary Share | ZAE000017745 | ORD ZAR0.01(DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 310.00 | 285.00 | 335.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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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(END) Dow Jones Newswires
November 28, 2016 02:00 ET (07:00 GMT)
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