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Home » AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Results of General Meeting of Altron held on 22 April 2016

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Results of General Meeting of Altron held on 22 April 2016

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Release Date: 
22 April 2016

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Results of General Meeting of Altron held on 22 April 2016
Results of General Meeting of Altron held on 22 April 2016

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")

RESULTS OF GENERAL MEETING OF ALTRON HELD ON 22 APRIL 2016

1. INTRODUCTION

Shareholders are referred to the announcement released by Altron on SENS on
Tuesday, 22 March 2016, as well as to the circular issued to Altron shareholders on
the same date, regarding, inter alia, the proposed disposal by Power Technologies
Proprietary Limited of its equity interest in Aberdare Cables Proprietary Limited and the
proposed disposal by Aberdare Cables International Holdings Proprietary Limited of its
equity interest in Aberdare Holding Europe BV, to Hengtong Optic-electric International
Co. Limited or its nominee (the "Disposal").

2. RESULTS OF GENERAL MEETING

Altron shareholders are advised that at a General Meeting of the Company held on
Friday, 22 April 2016 at 09h30, all of the resolutions as set out in the Notice of General
Meeting incorporated in the circular were passed, without modification, by the requisite
majority of votes as set out hereunder.

2.1. ORDINARY RESOLUTION NUMBER 1: DISPOSAL BY POWERTECH OF 75% OF
ITS 70% EQUITY INTEREST IN ABERDARE CABLES

For % Against % Abstain
100 775 886 100 0 0 3 500

2.2. ORDINARY RESOLUTION NUMBER 2: DISPOSAL BY ABERDARE
INTERNATIONAL OF ITS 100% EQUITY INTEREST IN ABERDARE EUROPE

For % Against % Abstain
100 775 886 100 0 0 3 500

2.3 ORDINARY RESOLUTION NUMBER 3: AUTHORITY FOR ANY ALTRON BOARD
MEMBER OR THE COMPANY SECRETARY TO SIGN DOCUMENTS

For % Against % Abstain
100 775 886 100 0 0 3 500

Altron shareholders will be further advised once all the remaining conditions precedent to the
Disposal have been fulfilled, or waived, as the case may be.

Johannesburg
22 April 2016

Sponsor: Investec Bank Limited

Date: 22/04/2016 10:52:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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