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Altron Trading Statement and Cautionary Announcement
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”)
Altron Trading Statement and Cautionary Announcement
Trading Statement
Shareholders are advised that a reasonable degree of certainty exists that the company’s
basic earnings per share for the financial year ending 28 February 2015 are expected to be
more than 50% lower as against the previous financial year, though various impairment
reviews will only be concluded closer to the year-end. Headline earnings per share for the
financial year ending 28 February 2015 are expected to be more than 40% lower as against
the previous financial year.
The Altron group’s financial performance has been negatively affected by difficult trading
conditions, and in particular by a significant reduction in demand from certain key customers,
as well as by those factors highlighted to shareholders in the company’s outlook statement
published with the interim results on SENS on 8 October 2014.
The Altron board has implemented a number of significant remediation initiatives to address
these matters, which together with a further trading statement will be released in due course
to, among others, provide shareholders with a business update on the Altron group’s
performance, as well as earnings forecast ranges for earnings per share and headline
earnings per share as required by the JSE Listings Requirements.
Altron’s annual financial results for the financial year ending 28 February 2015 are expected
to be announced on or about Wednesday, 13 May 2015.
This trading statement has not been reviewed or reported on by Altron’s external auditor.
Cautionary Announcement
Shareholders are further advised that the company has entered into a number of discussions
and negotiations, which if successfully concluded, may have a material effect on the
company’s securities. Accordingly shareholders are advised to exercise caution when
dealing in the company’s securities until a full announcement is made.
By order of the board.
Johannesburg
22 January 2015
Sponsor
Investec Bank Limited
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