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ALLIED ELECTRONICS CORPORATION LTD - Director's Dealings

Release Date: 25/02/2014 10:20
Code(s): ATN ATNP     PDF:  
Wrap Text
Director's Dealings

Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code : ATN ISIN: ZAE000029658
Share Code : ATNP ISIN: ZAE000029666
("Altron" or "the company")

Dealing in securities by a director of a major subsidiary


In compliance with rule 3.63 (a) (ii) of the JSE Listings Requirements, the following
information is disclosed:


Name of director                    :        B Meyer
Designation                         :        Executive Director
Subsidiary company                  :        Power Technologies (Pty) Ltd
Date of transaction                 :        21 February 2014
Class of securities                 :        Altron participating preference shares
Number of shares                    :        4 166
Offer price of shares               :        R21.50 per share
Selling price of shares             :        R23.51 per share
Value of transaction                :        R97 942.66
Nature of transaction               :        Sale of Altron participating preference
                                             shares in the open market pursuant to the
                                             vesting and exercise of Altron conditional
                                             rights in terms of The Altron Group Share
                                             Incentive Trust as adopted and approved by
                                             shareholders
Nature of interest                  :        Direct beneficial
Clearance to deal obtained          :        Yes




Johannesburg
25 February 2014


Sponsor
Investec Bank

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