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
Share Code: AEN
("Altron" or the "Company")
DELISTING OF ALTRON N SHARES
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.
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
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').
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