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ATN / ATNP - Allied Electronics Corporation Limited - Aberdare cables:

Release Date: 06/05/2010 15:21
Code(s): ATN ATNP
Wrap Text

ATN / ATNP - Allied Electronics Corporation Limited - Aberdare cables: Investigation by competition commission 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") Aberdare Cables: Investigation by Competition Commission Shareholders are advised that today, 6 May 2010, the Competition Commission launched an investigation into certain alleged prohibited practices in the power cable market against Aberdare Cables (Pty) Limited (Aberdare Cables) and three other competitors. Both Power Technologies (Pty) Limited and Aberdare Cables` management are co-operating fully with the authorities and have taken the allegations made by the Competition Commission against Aberdare Cables on advisement with their external legal advisors. Further communication to shareholders will be made once certain investigations have been completed. Johannesburg 6 May 2010 Sponsor Investec Bank Date: 06/05/2010 15:21:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.