ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in Securities by Directors and Company Secretary of Altron and its major subsidiaries

Dealing in Securities by Directors and Company Secretary of Altron and its major subsidiaries

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 DIRECTORS AND COMPANY SECRETARY OF ALTRON
AND ITS MAJOR SUBSIDIARIES: ALLOCATION OF SHARE APPRECIATION RIGHTS
(SARs) IN TERMS OF THE ALTRON 2009 SHARE PLAN


In compliance with rule 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 SARs:                                   714 286
Allocation price of SARs:                         R14.98
Value of SARs:                                    R10 700 000


Name of director:                                 AJ Holden
Designation:                                      Altron Chief Operating Officer and
                                                  Director of Major Subsidiary
Name of company:                                  Altron TMT Holdings (Pty) Ltd
Number of SARs:                                   366 476
Allocation price of SARs:                         R14.98
Value of SARs:                                    R5 489 813


Name of director:                                 MCS Govender
Designation:                                      Altron Group Executive: Shared Services
                                                  and Director of Major Subsidiary
Name of company:                                  Altron TMT Holdings (Pty) Ltd
Number of SARs:                                   238 095
Allocation price of SARs:                         R14.98
Value of SARs:                                    R3 566 667


Name of company secretary:                        DS Mashishi
Designation:                                      Altron Group Executive: Human Capital
                                                  and Director of Major Subsidiary
Name of company:                                  Altron TMT Holdings (Pty) Ltd


Number of SARs:                                   222 222
Allocation price of SARs:                         R14.98
Value of SARs:                                    R3 328 889


Name of director:                                 MZ Maubane
Designation:                                      Altron Group Executive: Marketing, PR
                                                  and Communications and Director of
                                                  Major Subsidiary
Name of company:                                  Altron TMT Holdings (Pty) Ltd
Number of SARs:                                   208 730
Allocation price of SARs:                         R14.98
Total value of SARs:                              R3 126 778


Name of director:                                 WK Groenewald
Designation:                                      Group Company Secretary
Name of company:                                  Altron
Number of SARs:                                   72 222
Allocation price of SARs:                         R14.98
Value of SARs:                                    R1 081 889


Allocation date for above                         13 June 2018
transactions:


Acceptance date for above transactions:           14 June 2018


Nature of above transactions:                     Off-market allocation of SARs in
                                                  accordance with the rules of The Altron
                                                  2009 Share Plan


Nature of interest for above transactions:        Direct beneficial

 
Clearance to deal obtained:                       Yes


Johannesburg
14 June 2018


Sponsor
Investec Bank Limited

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