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ALLIED ELECTRONICS CORPORATION LTD - Dealing in securities by directors and company secretaries of Altron and major subsidiaries

Release Date: 23/08/2013 17:00
Code(s): ATN ATNP     PDF:  
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Dealing in securities by directors and company secretaries of Altron and major subsidiaries

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 directors and company secretaries of Altron and major
subsidiaries: Allocation, Award and Grant of Share Appreciation Rights (SARs),
Performance Shares and Bonus Shares 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:                               RE Venter
Designation:                                    Chief Executive
Name of company:                                Altron
Number of SARs:                                 86 694
Allocation price of SARs:                       R20.26
Value of SARs:                                  R1 756 420.44
Number of Performance Shares (nil cost):        75 386
Number of Bonus Shares (nil cost):              18 404



Name of director:                               AMR Smith
Designation:                                    Chief Financial Officer
Name of company:                                Altron
Number of SARs:                                 37 841
Allocation price of SARs:                       R20.26
Value of SARs:                                  R766 658.66
Number of Performance Shares (nil cost):        27 969
Number of Bonus Shares (nil cost):              7 945



Name of company secretary:                      AG Johnston
Designation:                                    Group Company Secretary
Name of company:                                Altron
Number of SARs:                                 28 052
Allocation price of SARs:                       R20.26
Value of SARs:                                  R568 333.52
Number of Performance Shares (nil cost):        15 856
Number of Bonus Shares (nil cost):              4 433


Name of director:                          CG Venter
Designation:                               Chief Executive Officer
Name of company:                           Allied Technologies Proprietary Limited (Altech)
Number of SARs:                            72 870
Allocation price of SARs:                  R20.26
Number of SARs:                            47 886
Allocation price of SARs:                  R25.32
Number of SARs:                            59 354
Allocation price of SARs:                  R25.68
Number of SARs:                            74 736
Allocation price of SARs:                  R24.75
Number of SARs:                            103 202
Allocation price of SARs:                  R17.94
Total value of SARs:                       R7 914 190.32
Number of Performance Shares (nil cost):   233 316
Number of Bonus Shares (nil cost):         98 345



Name of director:                          RJ Abraham
Designation:                               Chief Executive Officer
Name of company:                           Bytes Technology Group Proprietary Limited
Number of SARs:                            45 548
Allocation price of SARs:                  R20.26
Value of SARs:                             R922 802.48
Number of Performance Shares (nil cost):   33 666
Number of Bonus Shares (nil cost):         17 743



Name of director:                          PR Riskowitz
Designation:                               Chief Financial Director
Name of company:                           Bytes Technology Group Proprietary Limited
Number of SARs:                            36 077
Allocation price of SARs:                  R20.26
Value of SARs:                             R730 920.02
Number of Performance Shares (nil cost):   20 391
Number of Bonus Shares (nil cost):         9 797



Name of director:                          NM Kayton
Designation:                               Chief Executive Officer
Name of company:                           Power Technologies Proprietary Limited
Number of SARs:                            37 781
Allocation price of SARs:                  R20.26
Value of SARs:                             R765 443.06
Number of Performance Shares (nil cost):   27 925
Number of Bonus Shares (nil cost):         7 051
Name of director:                          H Chikwanda
Designation:                               Executive Director
Name of company:                           Power Technologies Proprietary Limited
Number of SARs:                            25 694
Allocation price of SARs:                  R20.26
Value of SARs:                             R520 560.44
Number of Performance Shares (nil cost):   11 171
Number of Bonus Shares (nil cost):         2 110



Name of director:                          S Hemphill
Designation:                               Chief Financial Officer
Name of company:                           Power Technologies Proprietary Limited
Number of SARs:                            19 980
Allocation price of SARs:                  R20.26
Value of SARs:                             R404 794.80
Number of Performance Shares (nil cost):   8 687
Number of Bonus Shares (nil cost):         1 777



Name of director:                          V Padayachee
Designation:                               Executive Director
Name of company:                           Power Technologies Proprietary Limited
Number of SARs:                            19 867
Allocation price of SARs:                  R20.26
Value of SARs:                             R402 505.42
Number of Performance Shares (nil cost):   8 638
Number of Bonus Shares (nil cost):         2 332



Name of director:                          G Geldenhuis
Designation:                               Executive Director
Name of company:                           Power Technologies Proprietary Limited
Number of SARs:                            27 291
Allocation price of SARs:                  R20.26
Value of SARs:                             R552 915.66
Number of Performance Shares (nil cost):   11 866
Number of Bonus Shares (nil cost):         4 262



Name of director:                          KG Edmond
Designation:                               Executive Director
Name of company:                           Power Technologies Proprietary Limited
Number of SARs:                            29 516
Allocation price of SARs:                  R20.26
Value of SARs:                             R597 994.16
Number of Performance Shares (nil cost):   12 833
Number of Bonus Shares (nil cost):         2 776


Name of director:                                B Meyer
Designation:                                     Executive Director
Name of company:                                 Power Technologies Proprietary Limited
Number of SARs:                                  25 270
Allocation price of SARs:                        R20.26
Value of SARs:                                   R511 970.20
Number of Performance Shares (nil cost):         10 987
Number of Bonus Shares (nil cost):               2 332



Name of director:                                S Mkhabela
Designation:                                     Director
Name of company:                                 Power Technologies Proprietary Limited
Number of SARs:                                  24 013
Allocation price of SARs:                        R20.26
Value of SARs:                                   R486 503.38
Number of Performance Shares (nil cost):         13 572
Number of Bonus Shares (nil cost):               3 373



Name of company secretary:                       E Defillo
Designation:                                     Powertech Company Secretary
Name of company:                                 Power Technologies Proprietary Limited
Number of SARs:                                  4 068
Allocation price of SARs:                        R20.60
Value of SARs:                                   R82 417.68
Number of Bonus Shares (nil cost):               613



Allocation, award and grant dates for above      19 August 2013
transactions:

Acceptance dates for above transactions:         22 - 23 August 2013

Nature of above transactions:                    Off-market allocation, award and grant of
                                                 SARs, performance shares and bonus shares
                                                 respectively in accordance with the rules of
                                                 The Altron 2009 Share Plan

Nature of interest for above transactions:       Direct beneficial

Clearance to deal obtained:                      Yes

Shareholders are advised that the allocations, awards and grants made to Mr CG Venter on
19 August 2013 in terms of The Altron 2009 Share Plan include his historical Altech long-term
share based incentives which were converted to Altron long-term share based incentives
consistent with the remainder of the Altech group and as per the Altech scheme of arrangement
which was approved by Altron and Altech shareholders at general meetings held on 26 July 2013.

Johannesburg
23 August 2013


Sponsor
Investec Bank

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