Datatec's share listings on both the London Stock Exchange and the Johannesburg Stock Exchange become effective today.
The company last week announced the further issue of shares and transfer from Treasury.
It said 35 600 ordinary ZAR0.01 shares were allotted following the exercise of share options.
“Application has been made to the London Stock Exchange for the admission of these shares to the Alternative Investment Market, and to the JSE Limited for the listing of these shares.”
Listing on both exchanges is expected to become effective today.
In addition, Datatec announced the transfer of 70 822 Treasury Shares on 15 December, from the Datatec Share Incentive Trust 2005, to settle the exercise of share appreciation rights by a participant in the Share Appreciation Rights Scheme 2005.
“Following this listing and transfer from the Trust, Datatec will have an issued share capital of 185 912 378 ordinary ZAR0.01 shares, of which 184 655 are Treasury Shares held by the Datatec Share Incentive Trust 2005.”
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