Datatec sets cash payment basis for fractional scrip dividend entitlements at ZAR 4,676.27029 cents
Bitget2026/10/15 08:00- Datatec set cash compensation for fractional scrip entitlements at ZAR 4,676.27029 cents per share, using October 14, 2026 VWAP discounted 10%.
- The scrip alternative replaces a special cash dividend of ZAR 2,900 cents per share, totaling ZAR 7.05 billion.
- Shareholders can elect scrip for all or part of their holdings on the October 16, 2026 record date.
- Entitlements are rounded down to whole shares, yielding 57 new shares per 100 held, with fractional entitlements paid in cash.
- Scrip distributions and fractional cash payments are exempt from dividend withholding tax; fractional payments may attract income or capital gains tax.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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