AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by a director and a director of a major subsidiary
Dealing in securities by a director and a director of a major subsidiary
ALLIED ELECTRONICS CORPORATION LIMITED
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code: AEL
ISIN: ZAE000191342
("Altron")
DEALING IN SECURITIES BY A DIRECTOR AND A DIRECTOR OF A MAJOR
SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following information is
disclosed:
Name of director : M Nyati
Designation : Chief Executive
Name of company : Altron
Class of securities : Altron A ordinary shares
Date of transaction : 17 July 2020
Number of securities : 331 577
High price : R19.93
Low price : R19.80
Volume weighted price : R19.9045
Value of transaction : R6 599 874.40
Date of transaction : 21 July 2020
Number of securities : 12 574
High price : R19.80
Low price : R19.51
Volume weighted price : R19.5894
Value of transaction : R246 317.12
Nature of transactions : On-market settlement of shares pursuant to
the automatic vesting and exercise of
bonus shares
Date of transaction : 21 July 2020
Number of securities : 10 028
High price : 19.80
Low price : 19.51
Volume weighted price : 19.5894
Value of transaction : R196 442.50
Nature of transaction : On-market settlement of shares pursuant to
the vesting and exercise of share appreciation
rights
Nature of interest : Direct Beneficial
Clearance to deal obtained : Yes
The above shares/rights have been exercised by Mr Nyati for financial planning purposes and will
be followed by further scheduled trading of share awards allocated in terms of The Altron 2009 Share
Plan.
Name of director : MCS Govender
Designation : Chief Information Officer and
director of major subsidiary
Name of company : Altron TMT Holdings (Pty) Ltd
Class of securities : Altron A ordinary shares
Date of transaction : 20 July 2020
Number of securities : 10 000
Share price : R19.80
Value of transaction : R198 000
Date of transaction : 21 July 2020
Number of securities : 986
High price : 19.80
Low price : 19.51
Volume weighted price : 19.5894
Value of transaction : R19 315.15
Nature of transactions : On-market settlement of shares pursuant to
the automatic vesting and exercise of
bonus shares
Date of transaction : 21 July 2020
Number of securities : 2 198
High price : 19.80
Low price : 19.51
Volume weighted price : 19.5894
Value of transaction : R43 057.50
Nature of transaction : On-market settlement of shares pursuant to
the vesting and exercise of performance
shares
Nature of interest : Direct Beneficial
Clearance to deal obtained : Yes
Johannesburg
23 July 2020
Sponsor
Investec Bank Limited
Date: 23-07-2020 09:00:00
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