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ALLIED ELECTRONICS CORPORATION LIMITED - Retirement of Executive Director

Release Date: 01/12/2015 09:00
Code(s): AEN AEL     PDF:  
Wrap Text
Retirement of Executive Director

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”)


RETIREMENT OF EXECUTIVE DIRECTOR

Shareholders are advised that in accordance with paragraph 3.59 of the JSE Listings
Requirements, Mr RJ Abraham will be retiring from the Altron group and as an executive
director of Altron at the end of February 2016.

Following the retirement of Mr Abraham, Mr A Holden will be appointed as Altron’s operations
executive: information technology. During the intervening period, Mr Abraham will continue to
act as the chief executive officer of Bytes Technology Group, while Mr Holden will remain the
Altron executive: shared services until he takes up his new role on 1 March 2016.

Previously Mr Holden held various managing director positions within the Bytes group of
companies.

At this juncture it is not anticipated that Mr Holden will be appointed as an executive director of
Altron, although he will be appointed to the Altron executive committee with effect from
1 March 2016.

Altron would like to take this opportunity of thanking Mr Abraham for his valuable contribution
made towards the Altron group over the past 18 years.


Johannesburg
1 December 2015

Sponsor
Investec Bank Limited

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