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

Release Date: 02/01/2019 09:00
Code(s): AEL     PDF:  
 
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                      :               28 December 2018
Number of securities                     :               164 898
Nature of transaction                    :               On-market purchase of securities
Class of securities                      :               Altron A ordinary shares
Share price                              :               R 16.9751
Value of transaction                     :               R 2 799 160.04
Nature of interest                       :               Indirect Beneficial
Clearance to deal obtained               :               Yes

Date of transaction                      :               31 December 2018
Number of securities                     :               180 356
Nature of transaction                    :               On-market purchase of securities
Class of securities                      :               Altron A ordinary shares
Share price                              :               R17.8979
Value of transaction                     :               R3 227 993.65
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 January 2019

Sponsor
Investec Bank Limited

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