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ALLIED ELECTRONICS CORPORATION LTD - Dealings in Securities

Release Date: 02/12/2014 08:30
Code(s): AEN AEL     PDF:  
Wrap Text
Dealings in Securities

Allied Electronics Corporation Limited
Registration number 1947/024583/06)
Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
Share code: AEN ISIN: ZAE000191359
(“Altron” or “the company”)



Dealing in securities by directors and company secretaries of Altron and certain of its major
subsidiaries

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


Name of director:             RE Venter
Designation:                  Chief Executive
Name of company:              Allied Electronics Corporation Limited
Date of transaction:          28 November 2014
Number of securities:         29 295 Altron N ordinary shares
Exercise price:               R17.42
Value of transaction          R510 318.90
Nature of transaction:        Settlement of shares (off market) pursuant to the automatic
                              vesting and exercise of Altron bonus shares (Altron N
                              ordinary shares) in terms of The Altron 2009 Share Plan as
                              adopted and approved by shareholders
Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes



Name of director:             AMR Smith
Designation:                  Chief Financial Officer
Name of company:              Allied Electronics Corporation Limited
Date of transaction:          28 November 2014
Number of securities:         10 389 Altron N ordinary shares
Exercise price:               R17.42
Value of transaction          R180 976.38
Nature of transaction:        Settlement of shares (off market) pursuant to the automatic
                              vesting and exercise of Altron bonus shares (Altron N
                              ordinary shares) in terms of The Altron 2009 Share Plan as
                              adopted and approved by shareholders
Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes


Name of director:             RJ Abraham
Designation:                  Chief Executive Officer
Name of company:              Bytes Technology Group Proprietary Limited
Date of transaction:          28 November 2014
Number of securities:         18 136 Altron N ordinary shares
Exercise price:               R17.42
Value of transaction          R315 929.12
Nature of transaction:        Settlement of shares (off market) pursuant to the automatic
                              vesting and exercise of Altron bonus shares (Altron N
                              ordinary shares) in terms of The Altron 2009 Share Plan as
                              adopted and approved by shareholders
Number of securities:         13 132 Altron N ordinary shares
Selling price:                R17.00
Value of transaction          R223 244
Nature of transaction:        Sale of shares in the open market to settle the tax liability
                              arising as a result of the settlement of the shares referred to
                              above pursuant to the vesting and exercise of Altron bonus
                              shares (Altron N ordinary shares)
Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes



Name of company secretary:    AG Johnston
Designation:                  Group Company Secretary
Name of company:              Allied Electronics Corporation Limited
Date of transaction:          28 November 2014
Number of securities:         4 041 Altron N ordinary shares
Exercise price:               R17.42
Value of transaction          R70 394.22
Nature of transaction:        Settlement of shares (off market) pursuant to the automatic
                              vesting and exercise of Altron bonus shares (Altron N
                              ordinary shares) in terms of The Altron 2009 Share Plan as
                              adopted and approved by shareholders
Number of securities:         2 926 Altron N ordinary shares
Selling price:                R17.00
Value of transaction          R49 742
Nature of transaction:        Sale of shares in the open market to settle the tax liability
                              arising as a result of the settlement of the shares referred to
                              above pursuant to the vesting and exercise of Altron bonus
                              shares (Altron N ordinary shares)
Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes


Name of director:             NM Kayton
Designation:                  Chief Executive Officer
Name of company:              Power Technologies Proprietary Limited
Date of transaction:          28 November 2014
Number of securities:         10 211 Altron N ordinary shares
Price sold:                   R17.00
Value of transaction          R173 587
Nature of transaction:        Sale of shares in the open market pursuant to the vesting
                              and exercise of Altron bonus shares (Altron N ordinary
                              shares) in terms of The Altron 2009 Share Plan as adopted
                              and approved by shareholders
Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes



Name of director:             S Hemphill
Designation:                  Chief Financial Officer
Name of company:              Power Technologies Proprietary Limited
Date of transaction:          28 November 2014
Number of securities:         2 454 Altron N ordinary shares
Price sold:                   R17.00
Value of transaction          R41 718
Nature of transaction:        Sale of shares in the open market pursuant to the vesting
                              and exercise of Altron bonus shares (Altron N ordinary
                              shares) in terms of The Altron 2009 Share Plan as adopted
                              and approved by shareholders
Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes



Name of director:             G Geldenhuis
Designation:                  Executive Director
Name of company:              Power Technologies Proprietary Limited
Date of transaction:          28 November 2014
Number of securities:         6 218 Altron N ordinary shares
Price sold:                   R17.00
Value of transaction          R105 706
Nature of transaction:        Sale of shares in the open market pursuant to the vesting
                              and exercise of Altron bonus shares (Altron N ordinary
                              shares) in terms of The Altron 2009 Share Plan as adopted
                              and approved by shareholders
Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes

Name of director:             B Meyer
Designation:                  Executive Director
Name of company:              Power Technologies Proprietary Limited
Date of transaction:          28 November 2014
Number of securities:         5 649 Altron N ordinary shares
Price sold:                   R17.00
Value of transaction          R96 033
Nature of transaction:        Sale of shares in the open market pursuant to the vesting
                              and exercise of Altron bonus shares (Altron N ordinary
                              shares) in terms of The Altron 2009 Share Plan as adopted
                              and approved by shareholders
Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes



Name of director:             KG Edmond
Designation:                  Executive Director
Name of company:              Power Technologies Proprietary Limited
Date of transaction:          28 November 2014
Number of securities:         3 409 Altron N ordinary shares
Price sold:                   R17.00
Value of transaction          R57 953
Nature of transaction:        Sale of shares in the open market pursuant to the vesting
                              and exercise of Altron bonus shares (Altron N ordinary
                              shares) in terms of The Altron 2009 Share Plan as adopted
                              and approved by shareholders
Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes



Name of director:             H du Plessis
Designation:                  Executive Director
Name of company:              Power Technologies Proprietary Limited
Date of transaction:          28 November 2014
Number of securities:         9 142 Altron N ordinary shares
Price sold:                   R17.00
Value of transaction          R155 414
Nature of transaction:        Sale of shares in the open market pursuant to the vesting
                              and exercise of Altron bonus shares (Altron N ordinary
                              shares) in terms of The Altron 2009 Share Plan as adopted
                              and approved by shareholders
Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes


Name of company secretary:    E Defillo
Designation:                  Company Secretary
Name of company:              Power Technologies Proprietary Limited
Date of transaction:          28 November 2014
Number of securities:         1 271 Altron N ordinary shares
Price sold:                   R17.00
Value of transaction          R21 607
Nature of transaction:        Sale of shares in the open market pursuant to the vesting
                              and exercise of Altron bonus shares (participating preference
                              shares) in terms of The Altron 2009 Share Plan as adopted
                              and approved by shareholders
Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes



Name of director:             PR Riskowitz
Designation:                  Chief Financial Officer
Name of company:              Bytes Technology Group Proprietary Limited
Date of transaction:          28 November 2014
Number of securities:         18 837 Altron N ordinary shares
Exercise price:               R17.42
Value of transaction          R328 140.54
Nature of transaction:        Settlement of shares (off market) pursuant to the automatic
                              vesting and exercise of Altron bonus shares (Altron N
                              ordinary shares) in terms of The Altron 2009 Share Plan as
                              adopted and approved by shareholders
Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes



Name of director:             DM Ramaphosa
Designation:                  Executive Director
Name of company:              Bytes Technology Group SA Proprietary Limited
Date of transaction:          28 November 2014
Number of securities:         24 212 Altron N ordinary shares
Price sold:                   R17.00
Value of transaction          R411 604
Nature of transaction:        Sale of shares in the open market pursuant to the vesting
                              and exercise of Altron bonus shares (Altron N ordinary
                              shares) in terms of The Altron 2009 Share Plan as adopted
                              and approved by shareholders
Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes


Johannesburg
2 December 2014



Sponsor
Investec Bank

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