Altron corporate news
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FULFILMENT OF THE REMAINING CONDITIONS PRECEDENT TO THE BYTES SCHEME AND FINALISATION ANNOUNCEMENT
Wednesday, December 12, 2007
Shareholders are referred to the joint announcement published by Altron and Bytes on the Securities Exchange News Service ("SENS") of the JSE Limited on 24 October 2007 wherein Bytes shareholders were advised that Altron had expressed a firm intention to the board of directors of Bytes to make an offer to acquire the 42.3% of the issued ordinary share capital of Bytes that Altron and its subsidiaries (the “Altron Group”) do not already own from all shareholders of Bytes other than the Altron Group, in accordance with and as contemplated by the Securities Regulation Code on Takeovers and Mergers.
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RESULTS OF THE ALTRON GENERAL MEETING AND THE ALTECH SCHEME MEETING
Monday, December 03, 2007
Further to the joint announcement published by Altron and Altech on the Securities Exchange News Service ("SENS") of the JSE Limited on 24 October 2007 in which the Altech shareholders were advised that Altron had expressed a firm intention to the board of directors of Altech to make an offer to acquire the 38.2% of the issued ordinary share capital of Altech that Altron and its subsidiaries (the “Altron Group”) including Altron One Nominees (Proprietary) Limited (collectively the “Excluded Members”) do not already own from all shareholders of Altech other than the Excluded Members ("Altech Minority Shareholders") in accordance with and as contemplated by the Securities Regulation Code on Takeovers and Mergers, Altron and Altech are authorised to announce that...read more
RESULTS OF THE ALTRON GENERAL MEETING AND THE BYTES SCHEME MEETING
Monday, December 03, 2007
Further to the joint announcement published by Altron and Bytes on the Securities Exchange News Service ("SENS") of the JSE Limited on 24 October 2007 in which the Bytes shareholders were advised that Altron had expressed a firm intention to the board of directors of Bytes to make an offer to acquire the 42.3% of the issued ordinary share capital of Bytes that Altron and its subsidiaries (the “Altron Group”) do not already own from all shareholders of Bytes other than the Altron Group ("Bytes Minority Shareholders") in accordance with and as contemplated by the Securities Regulation Code on Takeovers and Mergers, Altron and Bytes are authorised to announce that...read more
SALIENT DATES ANNOUNCEMENT REGARDING THE ALTRON GENERAL
Wednesday, November 07, 2007
Shareholders of Altron are referred to the joint announcements released by Altron and Allied Technologies Limited ("Altech") as well as by Altron and Bytes Technology Group Limited ("Bytes") on the Securities Exchange News Service ("SENS") of the JSE Limited on 24 October 2007 ...read more
ALTRON APPOINTS NEW CORPORATE AFFAIRS EXECUTIVE
Monday, October 29, 2007
Altron has announced the appointment of Onkgopotse JJ Tabane (JJ) as the new Altron Group Executive: Corporate Affairs with effect from 1 November, 2007. Tabane is currently the Chief Executive and shareholder of Tshirundu Communications and resigned his executive position to join Altron.
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ALTRON ANNOUNCES ITS FIRM INTENTION TO MAKE AN OFFER TO BOTH ALTECH AND BYTES MINORITY SHAREHOLDERS
Wednesday, October 24, 2007
The Board of Directors of Allied Electronics Corporation Limited (Altron) announced that it has expressed independent firm intentions to the Boards’ of both Allied Technologies Limited (Altech) and the Bytes Technology Group (Bytes) to make an offer to acquire, the 38.2% of the issued ordinary share capital of Altech, and the 42.3% of the issued ordinary share capital of Bytes, that Altron does not already own, from the respective minority shareholders in a transaction valued at approximately R 4.8 billion.
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ALTRON REPORTS RESULTS PORTRAYING CONTINUED STRONG GROWTH
Tuesday, October 09, 2007
The Altron group has posted continuing strong results for the six months ended 31 August 2007 driven by exceptional growth in the Powertech businesses and satisfactory performances from Altech and Bytes, resulting in a 32% increase in revenues and a 38% increase in headline earnings per share. ...read more
BYTES' INTERNATIONAL BUSINESS SHOWS GOOD GROWTH
Wednesday, October 03, 2007
Bytes Technology Group (Bytes) showed satisfactory growth for the group and a significant shift in the geographical split of revenue and profit generation during the first six months....read more
ALTECH ANNOUNCES SOLID GROWTH
Wednesday, September 26, 2007
Allied Technologies Limited (Altech) today announced another successful half-year for the six months ended 31 August 2007. Revenue increased by 20% to R4 billion, the company’s operating profit increased by 6% to R306 million and headline earnings per share were up 11% to 215 cents. ...read more
TRADING STATEMENT AND RENEWAL OF CAUTIONARY ANNOUNCEMENT
Tuesday, September 25, 2007
Shareholders are advised that a reasonable degree of certainty exists that Altron’s headline earnings per share for the half year ended 31 August 2007 is expected to be between 35% and 40% higher as against the previous corresponding period....read more
ALTRON AND BYTES SET GOVERNANCE BENCHMARK FOR LISTED COMPANIES IN SOUTH AFRICA
Thursday, August 30, 2007
At a function held by Corporate Governance Accreditation of South Africa (CGA) and the Altron Group of companies, the first benchmarking certification results with awards were handed over to Allied Electronics Corporation Ltd (Altron) and Bytes Technology Group Ltd. (Bytes).
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IST ACQUISITION APPROVED
Thursday, August 23, 2007
Shareholders are advised that the Competition Tribunal unconditionally approved of this acquisition on 22 August 2007.
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POWERTECH CONSOLIDATES ITS INVESTMENT IN IBERIAN PENINSULA
Wednesday, July 18, 2007
Powertech, a wholly-owned subsidiary of Altron, today announced that an agreement has been concluded to acquire the 25% minority shareholder interest held by operating management in Cables de Comunicaciones Zaragoza, Powertech’s cable manufacturing subsidiary in Zaragoza, Spain. ...read more
ALTECH ACQUIRES COMTECH FOR R90MILLION
Wednesday, June 27, 2007
Altech announced today that it has signed an agreement to acquire fleet management company, ComTech (Pty) Ltd, for Altech Netstar Fleet Management Services (ANFMS), subject to the fulfillment of certain conditions precedent. The potential full value of the deal is R90 million...read more
ALTRON RESULTS FOR THE FULL YEAR SHOWS GROWTH OF MORE THAN 50% IN HEADLINE EARNINGS PER SHARE
Tuesday, May 08, 2007
Altron reported headline earnings growth for the year ended 28 February 2007 of 51%. Revenue increased by 23% from R13.9 billion in the prior year to R17.1 billion and operating profit rose by 47% from R1.04 billion to R1.53 billion. ...read more
WITS PROFESSOR WINS BILL VENTER/ALTRON LITERARY AWARD FOR 2007
Friday, April 20, 2007
The Bill Venter/Altron Literary award of R50 000, which is awarded annually on an alternating basis for contributions to the humanities and to the natural sciences, has been won this year by Professor Norman Owen-Smith of the University of the Witwatersrand for his book “Adaptive Herbivore Ecology.” ...read more
REUNERT AND ALTRON MERGE TELECOMS CABLE BUSINESSES
Wednesday, January 31, 2007
The telecommunications cable manufacturing businesses and assets of Reunert and Altron will merge on 1 February 2007 following the approval of the proposed merger by the Competition Tribunal. ...read more
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