AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by Directors and Company Secretary of Altron and it's Major Subsidiaries
Dealing in securities by Directors and Company Secretary of Altron and it's Major Subsidiaries
Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
("Altron" or "the Company")
DEALING IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY OF ALTRON
AND ITS MAJOR SUBSIDIARIES: ALLOCATION OF SHARE APPRECIATION RIGHTS
(SARS) IN TERMS OF THE ALTRON 2009 SHARE PLAN
In compliance with rule 3.63 of the JSE Listings Requirements, the following information is
disclosed:
Name of director: M Nyati
Designation: Chief Executive
Name of company: Altron
Number of SARs: 375 878
Allocation price of SARs: R18.60
Value of SARs: R6 991 331
Name of director: AJ Holden
Designation: Altron Chief Operating Officer, Acting
Chief Financial Officer and Director of
Major Subsidiary
Name of company: Altron TMT Holdings (Pty) Ltd
Number of SARs: 267 106
Allocation price of SARs: R18.60
Value of SARs: R4 968 172
Name of director: MCS Govender
Designation: Altron Group Executive: Shared Services
and Director of Major Subsidiary
Name of company: Altron TMT Holdings (Pty) Ltd
Number of SARs: 155 737
Allocation price of SARs: R18.60
Value of SARs: R2 896 708
Name of director: DS Mashishi
Designation: Altron Group Executive: Human Capital
and Director of Major Subsidiary
Name of company: Altron TMT Holdings (Pty) Ltd
Number of SARs: 143 657
Allocation price of SARs: R18.60
Value of SARs: R2 672 020
Name of director: MZ Maubane
Designation: Altron Group Executive: Marketing and
Investor Relations and Director of Major
Subsidiary
Name of company: Altron TMT Holdings (Pty) Ltd
Number of SARs: 136 161
Allocation price of SARs: R18.60
Total value of SARs: R2 532 595
Name of company secretary: WK Groenewald
Designation: Group Company Secretary
Name of company: Altron
Number of SARs: 47 113
Allocation price of SARs: R18.60
Value of SARs: R876 302
Allocation date for above 27 February 2019
transactions:
Acceptance date for above transactions: 27 February 2019
Nature of above transactions: Off-market allocation of SARs in
accordance with the rules of The Altron
2009 Share Plan
Nature of interest for above transactions: Direct beneficial
Clearance to deal obtained: Yes
Johannesburg
28 February 2019
Sponsor
Investec Bank Limited
Date: 28/02/2019 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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