AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by a Director and Company Secretary of Altron and a Director of a major subsidiary
Dealing in securities by a Director and Company Secretary of Altron 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 COMPANY SECRETARY OF ALTRON AND
A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following information is disclosed:
Name of director : RE Venter
Designation : Non-executive director *
Name of company : Altron
Date of transaction : 24 February 2020
Class of securities : Altron A ordinary shares
Number of securities : 39 410
Exercise price : R20.00
Value of transaction R788 200
Nature of transaction : Settlement of shares pursuant to
the automatic vesting and exercise of
bonus shares
Nature of interest : Direct Beneficial
Clearance to deal obtained Yes
Number of securities 236 961
Exercise price : R20.00
Value of transaction : R4 739 220
Nature of transaction : Settlement of shares pursuant to
the vesting and exercise of performance shares
Nature of interest Direct Beneficial
Clearance to deal obtained : Yes
* Allocations in capacity as executive director at the time
Name of director : AJ Holden
Designation : Chief Operating Officer and
director of major subsidiary
Name of company : Altron TMT Holdings (Pty) Ltd
Date of transaction : 24 February 2020
Class of securities : Altron A ordinary shares
Number of securities : 48 423
Exercise price : R20.00
Value of transaction : R968 460
Nature of transaction : Automatic vesting and issue of bonus shares
Nature of interest : Direct Beneficial
Clearance to deal obtained : Yes
Number of securities : 94 104
Exercise price : R20.00
Value of transaction : R1 882 080
Nature of transaction : Vesting and issue of performance shares
Nature of interest : Direct Beneficial
Clearance to deal obtained : Yes
Name of company secretary : WK Groenewald
Designation : Group Company Secretary
Name of company : Altron
Date of transaction : 24 February 2020
Class of securities : Altron A ordinary shares
Number of securities : 2 527
Exercise price : R20.00
Value of transaction : R50 540
Nature of transaction : Vesting and issue of bonus shares to
settle tax liability
Nature of interest : Direct Beneficial
Clearance to deal obtained : Yes
Number of securities : 4 727
Exercise price : R20.00
Value of transaction : R94 540
Nature of transaction : Vesting and issue of share appreciation rights
Nature of interest : Direct Beneficial
Clearance to deal obtained : Yes
Johannesburg
26 February 2020
Sponsor
Investec Bank Limited
Date: 26-02-2020 10:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
