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Home » AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Delisting of Altron N shares

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Delisting of Altron N shares

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Release Date: 
3 April 2017

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Delisting of Altron N shares
Delisting of Altron N shares

Allied Electronics Corporation Limited
Incorporated in the Republic of South Africa
Registration Number: 1947/024583/06
Share Code: AEL
ISIN: ZAE000191342
Share Code: AEN
ISIN: ZAE000191359
("Altron" or the "Company")

DELISTING OF ALTRON N SHARES

1. INTRODUCTION

The definitions and interpretations commencing on page 6 of the Circular to shareholders dated Thursday,
9 February 2017 have been used in this SENS announcement.

Shareholders are referred to the finalisation announcement released on SENS on Friday, 17 March 2017
confirming that all conditions precedent to the Restructure had been fulfilled and the implementation of the
Restructure had commenced.

2. CANCELLATION AND DELISTING OF N SHARES

Following the fulfilment of the Repurchase Scheme Conditions, the Repurchase Scheme has now been
implemented and all of the issued N Shares have been cancelled as issued N Shares and reinstated as
authorised but unissued N Shares. The N Shares cancelled represented 100% of the issued N Share
capital of the Company immediately prior to such cancellation. Following the cancellation, the issued N
Share capital of Altron is nil. Application will be made to CIPC to cancel the authorised N Shares and
remove the N Shares from the Memorandum of Incorporation.

The N Shares will be delisted from the JSE with effect from the commencement of business on Tuesday,
4 April 2017.

Parktown, Johannesburg
3 April 2017

Joint financial advisor and sponsor to Altron
Investec Bank Limited

Joint financial advisor to Altron
Rand Merchant Bank (A division of FirstRand Bank Limited)

Legal advisor to Altron
Edward Nathan Sonnenbergs Incorporated

Legal advisor to VCP
DLA Piper South Africa Services (Pty) Ltd

Legal advisor to the Venter Family
Lapin Attorneys

Date: 03/04/2017 02:49:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.