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ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by Directors and Company Secretary of Altron and it's Major Subsidiaries

Release Date: 28/02/2019 08:00
Code(s): AEL     PDF:  
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Dealing in securities by Directors and Company Secretary of Altron and it's Major Subsidiaries

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

DEALING IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY OF ALTRON
AND ITS MAJOR SUBSIDIARIES: ALLOCATION OF SHARE APPRECIATION RIGHTS
(SARS) IN TERMS OF THE ALTRON 2009 SHARE PLAN


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

Name of director:                                 M Nyati
Designation:                                      Chief Executive
Name of company:                                  Altron
Number of SARs:                                   375 878
Allocation price of SARs:                         R18.60
Value of SARs:                                    R6 991 331


Name of director:                                 AJ Holden
Designation:                                      Altron Chief Operating Officer, Acting
                                                  Chief Financial Officer and Director of
                                                  Major Subsidiary
Name of company:                                  Altron TMT Holdings (Pty) Ltd
Number of SARs:                                   267 106
Allocation price of SARs:                         R18.60
Value of SARs:                                    R4 968 172


Name of director:                                 MCS Govender
Designation:                                      Altron Group Executive: Shared Services
                                                  and Director of Major Subsidiary
Name of company:                                  Altron TMT Holdings (Pty) Ltd
Number of SARs:                                   155 737
Allocation price of SARs:                         R18.60
Value of SARs:                                    R2 896 708

Name of director:                                 DS Mashishi
Designation:                                      Altron Group Executive: Human Capital
                                                  and Director of Major Subsidiary
Name of company:                                  Altron TMT Holdings (Pty) Ltd


Number of SARs:                                   143 657
Allocation price of SARs:                         R18.60
Value of SARs:                                    R2 672 020


Name of director:                                 MZ Maubane
Designation:                                      Altron Group Executive: Marketing and
                                                  Investor Relations and Director of Major
                                                  Subsidiary
Name of company:                                  Altron TMT Holdings (Pty) Ltd
Number of SARs:                                   136 161
Allocation price of SARs:                         R18.60
Total value of SARs:                              R2 532 595


Name of company secretary:                        WK Groenewald
Designation:                                      Group Company Secretary
Name of company:                                  Altron
Number of SARs:                                   47 113
Allocation price of SARs:                         R18.60
Value of SARs:                                    R876 302


Allocation date for above                         27 February 2019
transactions:


Acceptance date for above transactions:           27 February 2019


Nature of above transactions:                     Off-market allocation of SARs in
                                                  accordance with the rules of The Altron
                                                  2009 Share Plan


Nature of interest for above transactions:        Direct beneficial


Clearance to deal obtained:                        Yes


Johannesburg
28 February 2019

Sponsor
Investec Bank Limited

Date: 28/02/2019 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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