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Release of Bytes Technology Group plc pricing statement and announcement of offer price
ALLIED ELECTRONICS CORPORATION LIMITED
(Incorporated in the Republic of South Af rica)
(Registration number: 1947/024583/06)
Share code: AEL
ISIN: ZAE000191342
("Altron" or "the Company")
NOT FOR DISTRIBUTION, PUBLICATION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR
IN PART, IN, INTO OR WITHIN THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH
THE DISTRIBUTION, PUBLICATION OR RELEASE OF THIS ANNOUNCEMENT WOULD BE
UNLAWFUL.
RELEASE OF BYTES TECHNOLOGY GROUP PLC PRICING STATEMENT AND ANNOUNCEMENT OF OFFER PRICE
1. RELEASE OF BYTES TECHNOLOGY GROUP PLC PRICING STATEMENT
Altron shareholders are advised that Bytes Technology Group plc has released a Pricing Statement in
relation to the Offer as described and defined in the Bytes Technology Group plc prospectus published on
1 December 2020. The Pricing Statement can be accessed on Bytes Technology Group plc’s website f rom
today at https://www.bytesplc.com/investors/ipo-documents (subject to certain restrictions).
2. BYTES TECHNOLOGY GROUP PLC OFFER PRICE
Further to the above and as is more fully set out in the Pricing Statement Altron would like to advise its
shareholders that Bytes Technology Group plc achieved an offer price per Bytes Technology Group plc
share of 270 pence representing a market capitalisation of approximately £646.6 million.
Johannesburg
11 December 2020
Financial Advisor and Transaction Sponsor
Rand Merchant Bank, a division of FirstRand Bank Limited
Legal Advisor
DLA Piper
IMPORTANT NOTICE
The information contained in this announcement is f or background purposes only and does not purport to
be full or complete. No reliance may be placed by any person f or any purpose on the information contained
in this announcement or its accuracy, fairness or completeness.
This announcement is an advertisement and does not constitute a prospectus in connection with an offering
of securities. These materials may not be published, distributed or transmitted by any means or media,
directly or indirectly, in whole or in part, in, into or within the United States. These materials do not constitute
an offer to sell, or a solicitation of an offer to buy, securities in the United States. Securities may not be
offered or sold in the United States absent (i) registration under the U.S. Securities Act of 1933, as amended
(the "Securities Act"), or (ii) an available exemption from registration under the Securities Act. The securities
mentioned herein have not been, and will not be, registered under the Securities Act and will not be offered
to the public in the United States.
This announcement and the Offer is directed at: (A) if in member states of the European Economic Area
(the "EEA"), persons who are "qualified investors" within the meaning of Article 2(e) of the Prospectus
Regulation (EU) 2017/1129 (as amended) ("Qualified Investors"); and (B) if in the United Kingdom, Qualified
Investors who are: (i) investment professionals having professional experience in matters relating to
investments falling under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005 (the "Order"); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order; or
(C) other persons to whom it may otherwise lawfully be communicated (all such persons referred to in (B)
and (C) together being "Relevant Persons"). This announcement must not be acted or relied on (i) in the
United Kingdom, by persons who are not Relevant Persons and (ii) in any member state of the EEA, by
persons who are not Qualified Investors. Any investment or investment activity to which this announcement
relates will be available only to Relevant Persons in the United Kingdom and Qualified Investors in any
member state of the EEA other than the United Kingdom and will be engaged in only with such persons.
The announcement does not constitute an offer f or the sale of or subscription f or, or the solicitation of an
of f er to buy and subscribe f or, securities to the public as defined in the South African Companies Act, 2008
(the "SA Companies Act") and will not be distributed to any person in South Africa in any manner which
could be construed as an offer to the public in terms of Chapter 4 of the SA Companies Act. These materials
do not, nor are they intended to, constitute a prospectus prepared and registered under the SA Companies
Act. Nothing in these materials should be viewed, or construed, as "advice" as that term is used in the
Financial Markets Act, 2012 and/or the Financial Advisory and Intermediary Services Act, 2001.
This announcement and the Offer is only addressed to and is only directed at persons in South Africa who
fall within one of the categories listed in section 96(1)(a) and/or (b) of the SA Companies Act.
Any offer and sale of the Shares in Canada will be made on a private placement basis only and will be
exempt from the requirement that the Company prepares and files a prospectus under applicable Canadian
securities laws. No offer and sale of Shares is or will be made in Canada, except to persons: (a) in the
provinces of Ontario, Québec, Alberta or British Columbia; (b) who are a "accredited investor" within the
meaning of Section 1.1 of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”) of the
Canadian Securities Administrators or subsection 73.3(1) of the Securities Act (Ontario), as applicable, and
is either purchasing the Shares as principal for its own account, or is deemed to be purchasing the Shares
as principal for its own account in accordance with applicable Canadian securities laws, for investment only
and not with a view to resale or redistribution; (c) not created or used solely to purchase or hold the Shares
as an accredited investor under NI 45-106; (d) who are a "permitted client" within the meaning of National
Instrument 31-103 – Registration Requirements, Exemptions and Ongoing Registrant Obligations of the
Canadian Securities Administrators; and (e) entitled under applicable Canadian securities laws to purchase
the Shares without the benefit of a prospectus under such securities laws.
This announcement may include statements that are, or may be deemed to be, "forward-looking
statements". These forward-looking statements may be identified by the use of forward -looking terminology,
including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may",
"will" or "should" or, in each case, their negative or other variations or comparable terminology, or by
discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements
may and often do differ materially from actual results. Any forward-looking statements reflect Altron's current
view with respect to future events and are subject to risks relating to future events and other risks,
uncertainties and assumptions relating to Altron and/or Bytes Technology Group plc's business, results of
operations, financial position, liquidity, prospects, growth and strategies. Forward-looking statements speak
only as of the date they are made. No representation or warranty is made that any forward -looking
statement will come to pass.
The Bytes Group may decide not to go ahead with the IPO and there is therefore no guarantee that
Admission will occur. You should not base your financial decision on this announcement or on the
Company's intentions in relation to Admission at this stage. Acquiring securities to which this announcement
relates may expose an investor to a significant risk of losing all of the amount invested. Persons considering
making investments should consult an authorised person specialising in advising on such investments. This
announcement does not constitute a recommendation concerning the Offer. The value of shares can
decrease as well as increase. Potential investors should consult a professional advisor as to the suitability
of the Offer for the person concerned.
Nothing contained herein constitutes or should be construed as (i) investment, tax, financial, accounting or
legal advice; (ii) a representation that any investment or strategy is suitable or appropriate to your individual
circumstances; or (iii) a personal recommendation to you.
Neither Numis nor any of its affiliates nor any of its or its affiliates' directors, officers, employees, advisers
or agents accepts any responsibility or liability whatsoever for, or makes any representation or warranty,
express or implied, as to the truth, accuracy or completeness of the information in this announcement (or
whether any information has been omitted from the announcement) or any other information relating to the
Bytes Group, whether written, oral or in a visual or electronic form, and howsoever transmitted or made
available or for any loss howsoever arising from any use of the announcement or its contents or otherwise
arising in connection therewith.
Numis is acting exclusively for the Company and no one else in connection with the Offer. Numis will not
regard any other person as its client in relation to the Offer and will not be responsible to anyone other than
the Company for providing the protections afforded to its clients, nor for providing advice in relation to the
Offer, the contents of this announcement or any transaction, arrangement or other matter referred to herein.
Numis is authorised and regulated by the FCA in the United Kingdom.
Date: 11-12-2020 09:38:00
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