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ALLIED ELECTRONICS CORPORATION LIMITED - Disposal of Powertech Transformers Fulfilment of Conditions Precedent and Completion of Transaction

Release Date: 26/07/2018 09:00
Code(s): AEL
 
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Disposal of Powertech Transformers – Fulfilment of Conditions Precedent and Completion of Transaction

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


DISPOSAL OF POWERTECH TRANSFORMERS – FULFILMENT OF CONDITIONS
PRECEDENT AND COMPLETION OF TRANSACTION

Shareholders are referred to the previous announcements released on SENS on 15 November
2017, 4 April 2018 and 15 June 2018, respectively, relating to the disposal by Altron, through
various of its subsidiaries, of its interest in the Powertech Transformers group on the terms and
conditions applicable thereto (“the Transaction”).

Shareholders are hereby notified that all conditions precedent to the Transaction as set out in
the Share Purchase Agreement (“SPA”) have either been fulfilled or waived, as the case may
be. Accordingly, the Transaction is now unconditional in accordance with the terms of the SPA
and will close on the effective date of 31 July 2018.

Johannesburg

26 July 2018


Sponsor
Investec Bank Limited

Date: 26/07/2018 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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