To view the PDF file, sign up for a MySharenet subscription.

ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by directors and the company secretary of Altron and its major subsidiaries

Release Date: 01/03/2017 16:00
Code(s): AEL AEN     PDF:  
Wrap Text
Dealing in securities by directors and the company secretary of Altron and its 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 the company secretary of Altron and its 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 Performance Shares (nil cost):        236 666
Number of Bonus Shares (nil cost):              43 789


Name of director:                               AMR Smith
Designation:                                    Chief Financial Officer
Name of company:                                Altron
Number of Performance Shares (nil cost):        98 580
Number of Bonus Shares (nil cost):              36 908


Name of company secretary:                      WK Groenewald
Designation:                                    Group Company Secretary
Name of company:                                Altron
Number of SARs:                                 15758
Allocation price of SARs:                       R9.90
Value of SARs:                                  R156 004.20
Number of Bonus Shares (nil cost):              6 040


Name of director:                               PR Riskowitz
Designation:                                    Executive Director
Name of company:                                Altron TMT Holdings (Pty) Ltd
Number of Performance Shares (nil cost):        76 269
Number of Bonus Shares (nil cost):              15 147


Name of director:                               AJ Holden
Designation:                                    Executive Director
Name of company:                                Altron TMT Holdings (Pty) Ltd
Number of Performance Shares (nil cost):        93 987
Number of Bonus Shares (nil cost):              53 804
Name of director:                             LM Savage
Designation:                                  Executive Director
Name of company:                              Altron TMT Holdings (Pty) Ltd
Number of Performance Shares (nil cost):      93 987
Number of Bonus Shares (nil cost):            32 880


Name of director:                             DM Ramaphosa
Designation:                                  Executive Director
Name of company:                              Altron TMT SA Group (Pty) Ltd
Number of Performance Shares (nil cost):      65 456
Number of Bonus Shares (nil cost):            11 700


Name of director:                             WH Oosthuysen
Designation:                                  Executive Director
Name of company:                              Altron TMT (Pty) Ltd
Number of Performance Shares (nil cost):      78 503
Number of Bonus Shares (nil cost):            11 693



Allocation, award and grant dates for above   22 February 2017
transactions:

Acceptance dates for above transactions:      28 February 2017

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



Johannesburg
1 March 2017


Sponsor
Investec Bank

Date: 01/03/2017 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story