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Home » AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by a director and a director´s associate

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by a director and a director´s associate

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Release Date: 
16 May 2017

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by a director and a director´s associate
Dealing in securities by a director and a director´s associate

ALLIED ELECTRONICS CORPORATION LIMITED
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code: AEL ISIN: ZAE000191342

DEALING IN SECURITIES BY A DIRECTOR AND A DIRECTOR´S ASSOCIATE

In compliance with paragraph 3.64 (h) of the JSE Limited Listings Requirements,
the following information is disclosed:

Director : Mr A C Ball
Director : Mr S Sithole
Company : Allied Electronics Corporation
Limited
Director´s Associate : The Ball Family Trust, as nominee
for Value Capital Partners
Proprietary Limited (in which Mr A
C Ball and Mr S Sithole each have a
50% interest) and its Fund
Company : Allied Electronics Corporation
Limited
Date of transaction : 15 May 2017
Number of securities : 1 017 233
Nature of transaction : On-market acquisition of securities
Class of securities : Altron A ordinary shares
Highest price paid : R10.10
Lowest price paid : R10.05
Volume weighted price : R10.0987
Total value of transaction : R10 272 730.89
Nature of interest : Indirect, Beneficial
Clearance obtained : Yes

Director : Mr A C Ball
Director : Mr S Sithole
Company : Allied Electronics Corporation
Limited
Director´s Associate : Value Capital Partners Proprietary
Limited (in which Mr A C Ball and
Mr S Sithole each have a 50%
interest)
Company : Allied Electronics Corporation
Limited
Date of transaction : 15 May 2017
Number of securities : 591 956
Nature of transaction : On-market disposal of securities
Class of securities : Altron A ordinary shares
Price per share : R10.10
Total value of transaction : R5 978 755.60
Nature of interest : Indirect, Beneficial
Clearance obtained : Yes

Director : Mr A C Ball
Company : Allied Electronics Corporation
Limited
Date of transaction : 15 May 2017
Number of securities : 295 978
Nature of transaction : On-market acquisition of securities
from Value Capital Partners
Proprietary Limited (in which Mr A
C Ball and Mr S Sithole each have a
50% interest)
Class of securities : Altron A ordinary shares
Price paid : R10.10
Total value of transaction : R2 989 377.80
Nature of interest : Direct, Beneficial
Clearance obtained : Yes

Director : Mr S Sithole
Company : Allied Electronics Corporation
Limited
Director´s Associate : Trovica Proprietary Limited
Company : Allied Electronics Corporation
Limited
Date of transaction : 15 May 2017
Number of securities : 295 978
Nature of transaction : On-market acquisition of securities
from Value Capital Partners
Proprietary Limited (in which Mr A
C Ball and Mr S Sithole each have a
50% interest)
Class of securities : Altron A ordinary shares
Price paid : R10.10
Total value of transaction : R2 989 377.80
Nature of interest : Indirect, Beneficial
Clearance obtained : Yes

Johannesburg
16 May 2017

Sponsor
Investec Bank Limited

Date: 16/05/2017 05:04:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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