ALTRON LIMITED - Allocation of 2022 Share Appreciation Rights in terms of the Altron 2009 Share Plan

Allocation of 2022 Share Appreciation Rights in terms of the Altron 2009 Share Plan

ALTRON LIMITED
(Registration number 1947/024583/0)
(Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
(“Altron” or “Altron Group”)


ALLOCATION OF 2022 SHARE APPRECIATION RIGHTS (“SARS”) IN TERMS OF THE
ALTRON 2009 SHARE PLAN TO AN EXECUTIVE DIRECTOR AND THE COMPANY
SECRETARY OF ALTRON


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

The participants set out below have been awarded Share Appreciation Rights (“SARs”) at
an allocation price of R8.42 in accordance with the rules of The Altron 2009 Share Plan. The
SARs are conditional on, inter alia, share price growth and the fulfilment of performance
criteria, as imposed by the Altron Board or the Altron Remuneration, Social, Ethics and
Sustainability Committee. Subject to performance against the criteria, vesting will occur in
tranches of three in February 2025, February 2026 and February 2027:

Director:                           Mr. Nicholas Bofilatos
Designation:                        Executive Director – Group Chief Financial Officer
Company:                            Altron
Transaction Date:                   21 February 2022
Number of SARs allocated:           148 661
Deemed value:                       R1 251 725.62
Nature of Interest:                 Direct Beneficial

Director:                           Ms. Nametsegang Maruping
Designation:                        Group Executive: Human Capital
Company:                            Altron TMT – Director
Transaction Date:                   21 February 2022
Number of SARs allocated:           118 745
Deemed value:                       R999 832.90
Nature of Interest:                 Direct Beneficial

Director:                           Ms. Nicole Morgan
Designation:                        Group Company Secretary
Company:                            Altron
Transaction Date:                   21 February 2022
Number of SARs allocated:           68 702
Deemed value:                       R578 470.84
Nature of Interest:                 Direct Beneficial


Allocation date of the above transactions - 21 February 2022
Acceptance date of above transactions - 23 February 2022


Johannesburg
23 February 2022
Sponsor: Investec Bank Limited

Date: 23-02-2022 02:23:00
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