ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by a director of Altron: Grant of Bonus Shares in terms of The Altron 2009 Share Plan

Dealing in securities by a director of Altron: Grant of Bonus Shares in terms of The Altron 2009 Share Plan

Allied Electronics Corporation Limited
Registration number 1947/024583/06)
Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
(“Altron” or “the company”)

Dealing in securities by a director of Altron: Grant of Bonus Shares in terms of The Altron
2009 Share Plan

In compliance with paragraph 3.63 of the JSE Listings Requirements, the following information is
disclosed:

Name of director:                                 M Nyati
Designation:                                      Chief Executive
Name of company:                                  Altron
Number of bonus shares (nil cost):                409 836
Deemed value per share:                           R12.20
Deemed value of transaction:                      R5 000 000

Grant date for above transaction:                 17 July 2017

Acceptance dates for above transaction:           1 August 2017

Nature of above transaction:                      Off-market grant of bonus shares in
                                                  accordance with the rules of The Altron 2009
                                                  Share Plan

Nature of interest for above transaction:         Direct beneficial

Clearance to deal obtained:                       Yes



Johannesburg
2 August 2017


Sponsor
Investec Bank

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