Altron Share Price:
price is temporarily unavailable
AEL
1070
0 (0.00%)
Home » AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by directors and company secretary of Altron and certain of its major subsidiaries

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by directors and company secretary of Altron and certain of its major subsidiaries

Printer-friendly version
Release Date: 
17 August 2017

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by directors and company secretary of Altron and certain of its major subsidiaries
Dealing in securities by directors and company secretary of Altron and certain of 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" or "the company")

DEALING IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY OF ALTRON AND
CERTAIN OF ITS MAJOR SUBSIDIARIES

In compliance with paragraph 3.63 of the JSE Listings Requirements, the following information is
disclosed:

Name of director: AMR Smith
Designation: Chief Financial Officer
Name of company: Allied Electronics Corporation Limited
Date of transaction: 15 August 2017
Number of securities: 32 325 Altron A ordinary shares
Exercise price: R12.61
Value of transaction R407 618.25
Nature of transaction: Settlement of shares (off market) pursuant to the automatic
vesting and exercise of Altron bonus shares in terms of The
Altron 2009 Share Plan as adopted and approved by
shareholders
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes

Name of director: AJ Holden
Designation: Executive Director
Name of company: Altron TMT Holdings Proprietary Limited
Date of transaction: 16 August 2017

Number of securities: 11 925 Altron A ordinary shares
Exercise price: R12.61
Value of transaction R150 374.25
Nature of transaction: Settlement of shares (off market) pursuant to the automatic
vesting and exercise of Altron bonus shares in terms of The
Altron 2009 Share Plan as adopted and approved by
shareholders

Number of securities: 10 366 Altron A ordinary shares
Selling price: R12.45
Value of transaction R129 056.70
Nature of transaction: Sale of shares in the open market to settle the tax liability
arising as a result of the settlement of the shares referred to
above pursuant to the vesting and exercise of Altron bonus
shares
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes

Name of director: JL Klein
Designation: Executive Director
Name of company: Altron TMT Holdings Proprietary Limited
Date of transaction: 16 August 2017
Number of securities: 17 118 Altron A ordinary shares
Price sold: R12.45
Value of transaction R213 119.10
Nature of transaction: Sale of shares in the open market pursuant to the vesting
and exercise of Altron bonus shares in terms of The Altron
2009 Share Plan as adopted and approved by shareholders.
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes

Name of company secretary: WK Groenewald
Designation: Group Company Secretary
Name of company: Allied Electronics Corporation Limited
Date of transaction: 15 August 2017
Number of securities: 405 Altron A ordinary shares
Exercise price: R12.61
Value of transaction R5 107.05
Nature of transaction: Settlement of shares (off market) pursuant to the automatic
vesting and exercise of Altron bonus shares in terms of The
Altron 2009 Share Plan as adopted and approved by
shareholders
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes

Johannesburg
17 August 2017

Sponsor
Investec Bank

Date: 17/08/2017 10:00:00 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.