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

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

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Release Date: 
23 May 2016

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by directors and company secretaries of Altron and certain of its major subsidiaries
Dealing in securities by directors and company secretaries 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
Share code: AEN ISIN: ZAE000191359
("Altron" or "the company")

Dealing in securities by directors and company secretaries 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: RE Venter
Designation: Chief Executive
Name of company: Allied Electronics Corporation Limited
Date of transaction: 20 May 2016
Number of securities: 21 317 Altron N ordinary shares
Exercise price: R5.80
Value of transaction R123 638.60
Nature of transaction: Settlement of shares (off market) pursuant to the automatic
vesting and exercise of Altron bonus shares (Altron N
ordinary 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: AMR Smith
Designation: Chief Financial Officer
Name of company: Allied Electronics Corporation Limited
Date of transaction: 20 May 2016
Number of securities: 7 096 Altron N ordinary shares
Exercise price: R5.80
Value of transaction R41 156.80
Nature of transaction: Settlement of shares (off market) pursuant to the automatic
vesting and exercise of Altron bonus shares (Altron N
ordinary 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: AG Johnston
Designation: Group Company Secretary
Name of company: Allied Electronics Corporation Limited
Date of transaction: 20 May 2016
Number of securities: 2 473 Altron N ordinary shares
Exercise price: R5.80
Value of transaction R14 343.40
Nature of transaction: Settlement of shares (off market) pursuant to the automatic
vesting and exercise of Altron bonus shares (Altron N
ordinary shares) in terms of The Altron 2009 Share Plan as
aopted and approved by shareholders
Number of securities: 1 827 Altron N ordinary shares
Selling price: R5.80
Value of transaction R10 596.60
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 (Altron N ordinary shares)
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes

Name of director: NM Kayton
Designation: Chief Executive Officer
Name of company: Power Technologies Proprietary Limited
Date of transaction: 20 May 2016
Number of securities: 6 611 Altron N ordinary shares
Price sold: R5.80
Value of transaction R38 343.80
Nature of transaction: Sale of shares in the open market pursuant to the vesting
and exercise of Altron bonus shares (Altron N ordinary
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: G Geldenhuis
Designation: Executive Director
Name of company: Power Technologies Proprietary Limited
Date of transaction: 20 May 2016
Number of securities: 10 685 Altron N ordinary shares
Price sold: R5.80
Value of transaction R61 973.00
Nature of transaction: Sale of shares in the open market pursuant to the vesting
and exercise of Altron bonus shares (Altron N ordinary
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: B Meyer
Designation: Executive Director
Name of company: Power Technologies Proprietary Limited
Date of transaction: 20 May 2016
Number of securities: 5 656 Altron N ordinary shares
Price sold: R5.80
Value of transaction R32 804.80
Nature of transaction: Sale of shares in the open market pursuant to the vesting
and exercise of Altron bonus shares (Altron N ordinary
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: KG Edmond
Designation: Executive Director
Name of company: Power Technologies Proprietary Limited
Date of transaction: 20 May 2016
Number of securities: 3 023 Altron N ordinary shares
Price sold: R5.80
Value of transaction R17 533.40
Nature of transaction: Sale of shares in the open market pursuant to the vesting
and exercise of Altron bonus shares (Altron N ordinary
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: E Defillo
Designation: Company Secretary
Name of company: Power Technologies Proprietary Limited
Date of transaction: 20 May 2016
Number of securities: 818 Altron N ordinary shares
Price sold: R5.80
Value of transaction R4 744.40
Nature of transaction: Sale of shares in the open market pursuant to the vesting
and exercise of Altron bonus shares (participating preference
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: PR Riskowitz
Designation: Executive Director
Name of company: Altron TMT Holdings Proprietary Limited
Date of transaction: 20 May 2016
Number of securities: 28 152 Altron N ordinary shares
Exercise price: R5.80
Value of transaction R163 281.60
Nature of transaction: Settlement of shares (off market) pursuant to the automatic
vesting and exercise of Altron bonus shares (Altron N
ordinary 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: LM Savage
Designation: Executive Director
Name of company: Altron TMT Holdings Proprietary Limited
Date of transaction: 20 May 2016
Number of securities: 8 368 Altron N ordinary shares
Price sold: R5.80
Value of transaction R48 534.40
Nature of transaction: Sale of shares in the open market pursuant to the vesting
and exercise of Altron bonus shares (Altron N ordinary
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: 20 May 2016
Number of securities: 19 194 Altron N ordinary shares
Price sold: R5.80
Value of transaction R111 325.20
Nature of transaction: Sale of shares in the open market pursuant to the vesting
and exercise of Altron bonus shares (Altron N ordinary
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: Dr WH Oosthuysen
Designation: Executive Director
Name of company: Altron TMT Proprietary Limited
Date of transaction: 20 May 2016
Number of securities: 5 047 Altron N ordinary shares
Price sold: R5.80
Value of transaction R29 272.60
Nature of transaction: Sale of shares in the open market pursuant to the vesting
and exercise of Altron bonus shares (Altron N ordinary
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
23 May 2016

Sponsor
Investec Bank

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