AEL: ALLIED ELECTRONICS CORPORATION LIMITED – Further Update on The Disposal by Altron of its interest in Powertech Transformers

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Further Update on The Disposal by Altron of its interest in Powertech Transformers
Further Update on The Disposal by Altron of its interest in Powertech Transformers

Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
("Altron")


FURTHER UPDATE ON THE DISPOSAL BY ALTRON OF ITS INTEREST IN POWERTECH
TRANSFORMERS

Shareholders are referred to the announcements released on SENS on 15 November 2017
and 4 April 2018 relating to the disposal by Altron, through various of its subsidiaries, of its
interest in the Powertech Transformers group on the terms and conditions applicable thereto.

As certain conditions precedent to the transaction are still being attended to, the parties have
mutually agreed on an extension for the transaction to close by 31 July 2018. Altron has been
provided with additional contractual assurances from the purchaser with regard to their
commitment to finalising this transaction.


Johannesburg
15 June 2018


Sponsor
Investec Bank Limited

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