Finalisation announcement and revised salient dates and times
Allied Electronics Corporation Limited
Incorporated in the Republic of South Africa
Registration Number: 1947/024583/06
Share Code: AEL
Share Code: AEN
(“Altron” or the “Company”)
FINALISATION ANNOUNCEMENT AND REVISED SALIENT DATES AND TIMES
The definitions and interpretations commencing on page 6 of the Circular to Shareholders dated 9
February 2017 have been used in this SENS announcement.
Shareholders are referred to the announcement released on SENS on 10 March 2017 confirming that
all special and ordinary resolutions proposed at both the N Shareholder Meeting and Special General
Meeting were passed by the requisite majority of votes. Shareholders are further referred to the Circular,
which should be read in its entirety for a full understanding of the Restructure.
The Board is pleased to advise that all conditions precedent to the Restructure have been fulfilled earlier
than anticipated and that the Restructure is therefore fully unconditional. Shareholders are advised that
the Restructure will now be implemented in accordance with the following revised Salient Dates and
2. REVISED SALIENT DATES AND TIMES
Last day to trade in the N Shares in order to be recorded in the Register
on the Repurchase Scheme Record Date Tuesday, 28 March
N Shares suspended from trading on the JSE with effect from the
commencement of business on Wednesday, 29 March
Announcement released on SENS in respect of the cash payment
applicable to fractional entitlements to the Repurchase Scheme
Consideration, based on the VWAP of an A Share traded on the JSE on Thursday, 30 March
Wednesday, 29 March 2017, discounted by 10%, on
Repurchase Scheme Record Date Friday, 31 March
Dematerialised N Shareholders’ accounts with their CSDP or Broker
credited with the Repurchase Scheme Consideration on the Repurchase Monday, 3 April
Scheme Operative Date on or about
Certificated N Shareholders’ Repurchase Scheme Consideration posted
by registered post at the risk of Certificated N Shareholders on the Monday, 3 April
Repurchase Scheme Operative Date on or about
Subscription Shares issued to VCP and the New High Voting Share
issued to the Venter Family Entity with effect from the commencement of Monday, 3 April
Announcement released on SENS in respect of the delisting of the N
Shares Tuesday, 3 April
N Shares delisted from the JSE with effect from the commencement of
business on Tuesday, 4 April
1. Shareholders will be notified of any further amendments to these Salient Dates and Times on SENS
and in the South African press.
2. All dates and times indicated above are South African standard dates and times.
3. Shareholders are advised that there may be no re-materialisation or dematerialisation of the N
Shares after Tuesday, 28 March 2017.
17 March 2017
Joint financial advisor and sponsor to Altron
Investec Bank Limited
Joint financial advisor to Altron
Rand Merchant Bank (A division of FirstRand Bank Limited)
Legal advisor to Altron
Edward Nathan Sonnenbergs Incorporated
Legal advisor to VCP
DLA Piper South Africa Services (Pty) Ltd
Legal advisor to the Venter Family
Date: 17/03/2017 02:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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