ALLIED ELECTRONICS CORPORATION LIMITED - Results of General Meeting of Altron held on 2 December 2015

Results of General Meeting of Altron held on 2 December 2015

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”)


RESULTS OF GENERAL MEETING OF ALTRON HELD ON 2 DECEMBER 2015


1.   INTRODUCTION

     Shareholders are referred to the announcement released by Altron on SENS on
     23 September 2015, as well as to the circular issued to Altron shareholders on
     3 November 2015 regarding, inter alia, the proposed disposal by Altech Autopage
     Cellular, a division of Altron TMT (Pty) Ltd (“Autopage”) of its post-paid GSM
     subscriber bases to Mobile Telephone Networks (Pty) Ltd, Cell C Service Provider
     Company (Pty) Ltd and Vodacom (Pty) Ltd, on terms and conditions more fully set out
     in the formal agreements concluded between the parties and in the circular to Altron
     shareholders (“the proposed transaction”).


2.   RESULTS OF GENERAL MEETING

     Altron shareholders are advised that at a General Meeting of the Company held on
     Wednesday, 2 December 2015 at 09h30, all of the resolutions as set out in the Notice
     of General Meeting incorporated in the circular were passed, without modification, by
     the requisite majority of votes as set out hereunder.


2.1. ORDINARY RESOLUTION NUMBER 1: DISPOSAL BY AUTOPAGE OF ITS POST-PAID GSM SUBSCRIBER BASES  

             For               %                 Against          %              Abstain
         96 662 708           99.99               5 155          0.01             503


2.2. ORDINARY RESOLUTION NUMBER 2: AUTHORITY FOR ALTRON BOARD MEMBERS AND COMPANY SECRETARY TO SIGN DOCUMENTS     

             For               %                 Against          %              Abstain
         96 662 708           99.99               5 155          0.01             503


Altron shareholders will be further advised once all the conditions precedent to the proposed
transaction have been fulfilled, or waived, as the case may be.


Johannesburg
2 December 2015


Sponsor: Investec Bank Limited

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