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Home » AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Disposal by Powertech of Powertech Battery Group to Trinitas

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Disposal by Powertech of Powertech Battery Group to Trinitas

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Release Date: 
3 July 2017

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Disposal by Powertech of Powertech Battery Group to Trinitas
Disposal by Powertech of Powertech Battery Group to Trinitas

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")

DISPOSAL BY POWER TECHNOLOGIES PROPRIETARY LIMITED ("POWERTECH") OF ITS
AUTOMOTIVE BATTERY BUSINESSES ("POWERTECH BATTERY GROUP") TO TRINITAS
FUND GENERAL PARTNER PROPRIETARY LIMITED ("TRINITAS")

Shareholders are referred to the announcement released by the company on SENS on 1
November 2016 advising that Powertech, a subsidiary of Altron, has entered into a binding offer
("the Offer") with Trinitas, whereby Powertech Industries Proprietary Limited will dispose of the
Powertech Batteries business to Trinitas on terms and conditions more fully set out in the Offer as
summarised in the announcement on 1 November 2016.

Shareholders are advised that all conditions precedent have been met and that the transaction has
become effective.

Johannesburg
3 July 2017

Sponsor
Investec Bank

Date: 03/07/2017 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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