ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by an associate of a director

Release Date: 02/11/2018 15:30
Code(s): AEL
 
Wrap Text
Dealing in securities by an associate of a director

ALLIED ELECTRONICS CORPORATION LIMITED
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code: AEL
ISIN: ZAE000191342
(“Altron”)

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR

In compliance with the JSE Limited Listings Requirements, the following information is
disclosed:

Director                             :              Mr AC Ball
Title                                :              Non-Executive Director
Director                             :              Mr S Sithole
Title                                :              Non-Executive Director
Company                              :              Allied Electronics Corporation Limited
Name of Associate                    :              Value Capital Partners (Pty) Ltd*

Date of transaction                  :              31 October 2018
Number of securities                 :              175 995
Nature of transaction                :              On-market acquisition of securities
Class of securities                  :              Altron A ordinary shares
Share price                          :              R17.50
Value of transaction                 :              R3 079 912.50
Nature of interest                   :              Indirect Beneficial
Clearance to deal obtained           :              Yes

Date of transaction                  :              31 October 2018
Number of securities                 :              500 000
Nature of transaction                :              On-market acquisition of securities
Class of securities                  :              Altron A ordinary shares
Share price                          :              R18.00
Value of transaction                 :              R9 000 000
Nature of interest                   :              Indirect Beneficial
Clearance to deal obtained           :              Yes


* Mr AC Ball and Mr S Sithole have an indirect beneficial interest in Value Capital Partners (Pty)
  Ltd (“VCP”), which is the advisor to Peregrine Fund Platform (Pty) Ltd, the registered investment
  manager for various funds advised by VCP.

Johannesburg
2 November 2018

Sponsor
Investec Bank Limited

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