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Home » AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by a director of Altron: Grant of Bonus Shares in terms of The Altron 2009 Share Plan

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by a director of Altron: Grant of Bonus Shares in terms of The Altron 2009 Share Plan

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Release Date: 
2 August 2017

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by a director of Altron: Grant of Bonus Shares in terms of The Altron 2009 Share Plan
Dealing in securities by a director of Altron: Grant of Bonus Shares in terms of The Altron 2009 Share Plan

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 a director of Altron: Grant of Bonus Shares in terms of The Altron
2009 Share Plan

In compliance with paragraph 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 bonus shares (nil cost): 409 836
Deemed value per share: R12.20
Deemed value of transaction: R5 000 000

Grant date for above transaction: 17 July 2017

Acceptance dates for above transaction: 1 August 2017

Nature of above transaction: Off-market grant of bonus shares in
accordance with the rules of The Altron 2009
Share Plan

Nature of interest for above transaction: Direct beneficial

Clearance to deal obtained: Yes

Johannesburg
2 August 2017

Sponsor
Investec Bank

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