AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by an associate of a director, a director and a director of a major subsidiary
Dealing in securities by an associate of a director, 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 AN ASSOCIATE OF A DIRECTOR, 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 : MJ Leeming
Designation : Director
Name of company : Altron
Class of securities : Altron A ordinary shares
Director´s associate : Ligitprops 110 Proprietary Limited
Date of transaction : 24 July 2020
Number of securities : 20 000
Share price : R19.0876
Value of transaction : R381 753.38
Nature of transactions : On-market acquisition of securities
Nature of interest : Indirect Benefcial
Clearance to deal obtained : Yes
Name of director : M Nyati
Designation : Chief Executive
Name of company : Altron
Class of securities : Altron A ordinary shares
Date of transaction : 22 July 2020
Number of securities : 65 685
High price : R19.03
Low price : R19.00
Volume weighted price : R19.0016
Value of transaction : R1 248 120.10
Nature of transactions : On-market settlement of shares pursuant to
the automatic vesting and exercise of
bonus shares
Date of transaction : 22 July 2020
Number of securities : 91 792
High price : 19.03
Low price : 19.00
Volume weighted price : 19.0016
Value of transaction : R1 744 194.87
Date of transaction : 24 July 2020
Number of securities : 225 057
High price : 19.15
Low price : 19.05
Volume weighted price : 19.0512
Value of transaction : R4 287 605.92
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 in terms of The Altron 2009 Share Plan
for financial planning purposes.
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 : 22 July 2020
Number of securities : 6 868
High price : 19.03
Low price : 19.00
Volume weighted price : 19.0016
Value of transaction : R130 502.99
Date of transaction : 24 July 2020
Number of securities : 14 277
High price : 19.15
Low price : 19.05
Volume weighted price : 19.0512
Value of transaction : R271 993.98
Nature of transactions : On-marklet settlement of shares pursuant to
the automatic vesting and exercise of
bonus shares
Date of transaction : 22 July 2020
Number of securities : 15 315
High price : 19.03
Low price : 19.00
Volume weighted price : 19.0016
Value of transaction : R291 009.50
Date of transaction : 24 July 2020
Number of securities : 54 134
High price : 19.15
Low price : 19.05
Volume weighted price : 19.0512
Value of transaction : R1 031 317.66
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
28 July 2020
Sponsor
Investec Bank Limited
Date: 28-07-2020 09:00:00
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