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ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by a Director and Company Secretary of Altron and a Director of a major subsidiary

Release Date: 26/02/2020 10:00
Code(s): AEL     PDF:  
 
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Dealing in securities by a Director and Company Secretary of Altron and a Director of a major subsidiary

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 A DIRECTOR AND COMPANY SECRETARY OF ALTRON AND
A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following information is disclosed:

Name of director                      :   RE Venter
Designation                           :   Non-executive director *
Name of company                       :   Altron
Date of transaction                   :   24 February 2020
Class of securities                   :   Altron A ordinary shares

Number of securities                  :   39 410
Exercise price                        :   R20.00
Value of transaction                      R788 200
Nature of transaction                 :   Settlement of shares pursuant to
                                          the automatic vesting and exercise of
                                          bonus shares
Nature of interest                    :   Direct Beneficial
Clearance to deal obtained                Yes

Number of securities                      236 961
Exercise price                        :   R20.00
Value of transaction                  :   R4 739 220
Nature of transaction                 :   Settlement of shares pursuant to
                                          the vesting and exercise of performance shares
Nature of interest                        Direct Beneficial
Clearance to deal obtained            :   Yes
* Allocations in capacity as executive director at the time


Name of director                      :   AJ Holden
Designation                           :   Chief Operating Officer and
                                          director of major subsidiary
Name of company                       :   Altron TMT Holdings (Pty) Ltd
Date of transaction                   :   24 February 2020
Class of securities                   :   Altron A ordinary shares

Number of securities                  :   48 423
Exercise price                        :   R20.00
Value of transaction                  :   R968 460
Nature of transaction                 :   Automatic vesting and issue of bonus shares
Nature of interest                    :   Direct Beneficial
Clearance to deal obtained            :   Yes

Number of securities                  :   94 104
Exercise price                        :   R20.00
Value of transaction                  :   R1 882 080
Nature of transaction                 :   Vesting and issue of performance shares
Nature of interest                    :   Direct Beneficial
Clearance to deal obtained            :   Yes


Name of company secretary             :   WK Groenewald
Designation                           :   Group Company Secretary
Name of company                       :   Altron
Date of transaction                   :   24 February 2020
Class of securities                   :   Altron A ordinary shares

Number of securities                  :   2 527
Exercise price                        :   R20.00
Value of transaction                  :   R50 540
Nature of transaction                 :   Vesting and issue of bonus shares to
                                          settle tax liability
Nature of interest                    :   Direct Beneficial
Clearance to deal obtained            :   Yes

Number of securities                  :   4 727
Exercise price                        :   R20.00
Value of transaction                  :   R94 540
Nature of transaction                 :   Vesting and issue of share appreciation rights
Nature of interest                    :   Direct Beneficial
Clearance to deal obtained            :   Yes

Johannesburg
26 February 2020

Sponsor
Investec Bank Limited

Date: 26-02-2020 10:00:00
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