AEL: ALLIED ELECTRONICS CORPORATION LIMITED – Dealing in securities by Directors and Company Secretary of Altron and it’s Major Subsidiaries

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

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