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Allied Electronics Corporation Limited - Dealing In Securities By Directors And Company Secretary Of Altron And Certain Of Its Major Subsidiaries

Release Date: 17/08/2017 10:00
Code(s): AEL
 
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Dealing in securities by directors and company secretary of Altron and certain of its major subsidiaries

Allied Electronics Corporation Limited
Registration number 1947/024583/06)
Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
(“Altron” or “the company”)

DEALING IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY OF ALTRON AND
CERTAIN OF ITS MAJOR SUBSIDIARIES

In compliance with paragraph 3.63 of the JSE Listings Requirements, the following information is
disclosed:

Name of director:                     AMR Smith
Designation:                          Chief Financial Officer
Name of company:                      Allied Electronics Corporation Limited
Date of transaction:                  15 August 2017
Number of securities:                 32 325 Altron A ordinary shares
Exercise price:                       R12.61
Value of transaction                  R407 618.25
Nature of transaction:                Settlement of shares (off market) pursuant to the automatic
                                      vesting and exercise of Altron bonus shares in terms of The
                                      Altron 2009 Share Plan as adopted and approved by
                                      shareholders
Nature of interest:                   Direct beneficial
Clearance to deal obtained:           Yes



Name of director:                     AJ Holden
Designation:                          Executive Director
Name of company:                      Altron TMT Holdings Proprietary Limited
Date of transaction:                  16 August 2017

Number of securities:                 11 925 Altron A ordinary shares
Exercise price:                       R12.61
Value of transaction                  R150 374.25
Nature of transaction:                Settlement of shares (off market) pursuant to the automatic
                                      vesting and exercise of Altron bonus shares in terms of The
                                      Altron 2009 Share Plan as adopted and approved by
                                      shareholders

Number of securities:                 10 366 Altron A ordinary shares
Selling price:                        R12.45
Value of transaction                  R129 056.70
Nature of transaction:                Sale of shares in the open market to settle the tax liability
                                      arising as a result of the settlement of the shares referred to
                                      above pursuant to the vesting and exercise of Altron bonus
                                      shares
Nature of interest:                   Direct beneficial
Clearance to deal obtained:           Yes



Name of director:                     JL Klein
Designation:                          Executive Director
Name of company:                      Altron TMT Holdings Proprietary Limited
Date of transaction:                  16 August 2017
Number of securities:                 17 118 Altron A ordinary shares
Price sold:                           R12.45
Value of transaction                  R213 119.10
Nature of transaction:                Sale of shares in the open market pursuant to the vesting
                                      and exercise of Altron bonus shares in terms of The Altron
                                      2009 Share Plan as adopted and approved by shareholders.
Nature of interest:                   Direct beneficial
Clearance to deal obtained:           Yes



Name of company secretary:            WK Groenewald
Designation:                          Group Company Secretary
Name of company:                      Allied Electronics Corporation Limited
Date of transaction:                  15 August 2017
Number of securities:                 405 Altron A ordinary shares
Exercise price:                       R12.61
Value of transaction                  R5 107.05
Nature of transaction:                Settlement of shares (off market) pursuant to the automatic
                                      vesting and exercise of Altron bonus shares in terms of The
                                      Altron 2009 Share Plan as adopted and approved by
                                      shareholders
Nature of interest:                   Direct beneficial
Clearance to deal obtained:           Yes



Johannesburg
17 August 2017



Sponsor
Investec Bank

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