ALLIED ELECTRONICS CORPORATION LIMITED - Finalisation announcement and revised salient dates and times

Release Date: 17/03/2017 14:15
Code(s): AEN AEL
Wrap Text
Finalisation announcement and revised salient dates and times

Allied Electronics Corporation Limited
Incorporated in the Republic of South Africa
Registration Number: 1947/024583/06
ISIN: ZAE000191342
Share Code: AEL
Share Code: AEN
ISIN: ZAE000191359
(“Altron” or the “Company”)



The definitions and interpretations commencing on page 6 of the Circular to Shareholders dated 9
February 2017 have been used in this SENS announcement.

Shareholders are referred to the announcement released on SENS on 10 March 2017 confirming that
all special and ordinary resolutions proposed at both the N Shareholder Meeting and Special General
Meeting were passed by the requisite majority of votes. Shareholders are further referred to the Circular,
which should be read in its entirety for a full understanding of the Restructure.

The Board is pleased to advise that all conditions precedent to the Restructure have been fulfilled earlier
than anticipated and that the Restructure is therefore fully unconditional. Shareholders are advised that
the Restructure will now be implemented in accordance with the following revised Salient Dates and


Last day to trade in the N Shares in order to be recorded in the Register
on the Repurchase Scheme Record Date                                                     Tuesday, 28 March

N Shares suspended from trading on the JSE with effect from the
commencement of business on                                                            Wednesday, 29 March

Announcement released on SENS in respect of the cash payment
applicable to fractional entitlements to the Repurchase Scheme
Consideration, based on the VWAP of an A Share traded on the JSE on                     Thursday, 30 March
Wednesday, 29 March 2017, discounted by 10%, on

Repurchase Scheme Record Date                                                             Friday, 31 March

Dematerialised N Shareholders’ accounts with their CSDP or Broker
credited with the Repurchase Scheme Consideration on the Repurchase                        Monday, 3 April
Scheme Operative Date on or about

Certificated N Shareholders’ Repurchase Scheme Consideration posted
by registered post at the risk of Certificated N Shareholders on the                       Monday, 3 April
Repurchase Scheme Operative Date on or about

Subscription Shares issued to VCP and the New High Voting Share
issued to the Venter Family Entity with effect from the commencement of                    Monday, 3 April
business on

Announcement released on SENS in respect of the delisting of the N
Shares                                                                                    Tuesday, 3 April

N Shares delisted from the JSE with effect from the commencement of
business on                                                                               Tuesday, 4 April


1. Shareholders will be notified of any further amendments to these Salient Dates and Times on SENS
   and in the South African press.
2. All dates and times indicated above are South African standard dates and times.
3. Shareholders are advised that there may be no re-materialisation or dematerialisation of the N
   Shares after Tuesday, 28 March 2017.

Parktown, Johannesburg
17 March 2017

Joint financial advisor and sponsor to Altron
Investec Bank Limited

Joint financial advisor to Altron
Rand Merchant Bank (A division of FirstRand Bank Limited)

Legal advisor to Altron
Edward Nathan Sonnenbergs Incorporated

Legal advisor to VCP
DLA Piper South Africa Services (Pty) Ltd

Legal advisor to the Venter Family
Lapin Attorneys

Date: 17/03/2017 02:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story