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Home » AEN: ALLIED ELECTRONICS CORPORATION LIMITED - Competition Tribunal Approval

AEN: ALLIED ELECTRONICS CORPORATION LIMITED - Competition Tribunal Approval

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Release Date: 
12 February 2016

AEN: ALLIED ELECTRONICS CORPORATION LIMITED - Competition Tribunal Approval
Competition Tribunal Approval

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

COMPETITION TRIBUNAL APPROVAL OF THE DISPOSAL BY ALTECH AUTOPAGE
CELLULAR, A DIVISION OF ALTRON TMT PROPRIETARY LIMITED ("AUTOPAGE") OF ITS
POST-PAID GSM SUBSCRIBER BASES TO VODACOM, MTN AND CELL C

Shareholders are referred to the announcement released by Altron on SENS on 2 December
2015 advising that Altron shareholders had, in general meeting, approved the disposal by
Autopage of its post-paid GSM subscriber bases to Vodacom, MTN and Cell C respectively ("the
Autopage Disposal").

Shareholders are further advised that on 12 February 2016, Autopage received formal
notification from the Competition Tribunal advising that it had approved the Autopage Disposal
subject to certain conditions pertaining to those Autopage employees affected by the Autopage
Disposal.

Shareholders will be advised in due course by the Company when the last of the outstanding
conditions precedent pertaining to the Autopage Disposal have been fulfilled or waived, as the
case may be.

Johannesburg
12 February 2016

Sponsor
Investec Bank Limited

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