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ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by Directors and Company Secretary of Altron and its major subsidiaries

Release Date: 28/02/2020 09:00
Code(s): AEL     PDF:  
 
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Dealing in securities by Directors and Company Secretary of Altron and its major subsidiaries

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 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:

The participants set out below have been awarded off-market allocation of SARs at an allocation
price of R20.00 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. Subject to performance, vesting will occur in February 2023,
February 2024 and February 2025.

Name of director:                                   M Nyati
Designation:                                        Chief Executive
Name of company:                                    Altron
Number of SARs:                                     519 385


Name of director:                                   C Miller
Designation:                                        Chief Financial Officer
Name of company:                                    Altron
Number of SARs:                                     239 014


Name of director:                                   AJ Holden
Designation:                                        Chief Operating Officer and
                                                    director of major subsidiary
Name of company:                                    Altron TMT Holdings (Pty) Ltd
Number of SARs:                                     253 477


Name of director:                                   MCS Govender
Designation:                                        Chief Information Officer and
                                                    director of major subsidiary
Name of company:                                    Altron TMT Holdings (Pty) Ltd
Number of SARs:                                     159 614


Name of director:                                   DS Mashishi
Designation:                                        Group Executive: Human Capital and
                                                    director of major subsidiary
Name of company:                                    Altron TMT Holdings (Pty) Ltd
Number of SARs:                                     147 233


Name of director:                                   MZ Maubane
Designation:                                        Group Executive: Marketing and
                                                    director of major subsidiary
Name of company:                                    Altron TMT Holdings (Pty) Ltd
Number of SARs:                                     136 967


Name:                                               WK Groenewald
Designation:                                        Group Company Secretary
Name of company:                                    Altron
Number of SARs:                                     49 180


Allocation date of above transactions               26 February 2020
Acceptance date of above transactions               27 February 2020
Nature of interest for above transactions           Direct beneficial
Clearance to deal obtained                          Yes


Johannesburg
28 February 2020


Sponsor
Investec Bank Limited

Date: 28-02-2020 09:00:00
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