AEL: ALLIED ELECTRONICS CORPORATION LIMITED - No Change Statement, Integrated Annual Report and Notice of AGM, Board Committee Changes and Proposed Name Change
No Change Statement, Integrated Annual Report and Notice of AGM, Board Committee Changes and Proposed Name Change

ALLIED ELECTRONICS CORPORATION LIMITED
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code: AEL ISIN: ZAE000191342
("Altron" or "Group" or "Company")

NO CHANGE STATEMENT, 2021 INTEGRATED ANNUAL REPORT AND NOTICE OF ANNUAL
GENERAL MEETING, BOARD AND COMMITTEE CHANGES AND PROPOSED NAME
CHANGE

Annual Statutory Report

Altron shareholders are advised that the annual statutory report of the Company for the financial
year ended 28 February 2021, which incorporates, inter alia, the preliminary audited summarised
consolidated financial statements for the year ended 28 February 2021 and the Notice of Annual
General Meeting ("AGM"), has been distributed to shareholders on Friday, 18 June 2021. The
complete set of audited consolidated annual financial statements (including the external auditor,
audit committee and directors´ reports for the financial year ended 28 February 2021), plus the
corporate governance and remuneration reports, are available at
Reports and Results
The complete audited consolidated annual financial statements which appear on the Company´s website, contain no changes or modifications to the audited results which were released on SENS on Monday, 17 May 2021. The Company´s external auditors PricewaterhouseCoopers Incorporated, audited the annual financial statements of Altron and their report is available for inspection at the registered office of the Company by arrangement with the Group Company Secretary at [email protected]. Integrated Annual Report Altron shareholders are also advised that the integrated annual report for the financial year-ended 28 February 2021, has been posted on the Company´s website at www.altron.com. In the event that shareholders wish to receive an electronic version of the integrated annual report, this can be requested from the Group Company Secretary at [email protected] or is available online at the aforementioned website address. Annual General Meeting Notice is hereby given that the 75th AGM of the Company will be held at 09:00 on Wednesday, 28 July 2021, to transact the business as stated in the notice of the AGM forming part of the annual statutory report. In light of the measures put in place by the South African Government in response to the Covid-19 pandemic and the restrictions in regard to public gatherings, shareholders are advised that the AGM will only be accessible through electronic participation, as permitted by the JSE Limited, the provisions of the Companies Act, No.71 of 2008 ("the Companies Act") and the Company's memorandum of incorporation. Further details are set out in the Notice of AGM. The Altron Board has determined, in accordance with Section 59 of the Companies Act, that the record date for shareholders to be recorded in the securities register of the Company in order to: (i) be entitled to receive the notice of AGM is Friday, 11 June 2021 and (ii) be entitled to attend, participate and vote at the AGM is Friday, 23 July 2021. The last day to trade in order to be eligible to attend and vote at the AGM is Tuesday, 20 July 2021. Board and Committee Changes Mr. MJ Leeming will retire as Chairman of the Board and its Committee´s, following the 2021 Annual General Meeting of the Company to be held on 28 July 2021. An announcement on the appointment of a Chairman will be published once a decision has been adopted by the Board. The Board extends its sincere thanks and appreciation to Mr. Leeming for his contribution to the Board and Company during the years that he served as a non-executive and subsequently, as Chairman of the Board. The Board is pleased to announce the appointment of Ms. Alupheli Sithebe as a non-executive director of the Altron Board and member of the Audit Committee effective from 28 July 2021, subject to shareholder approval at the AGM. Ms. Sithebe was the founding member and managing director Kamva Advisory & Associates Inc, a financial services consulting business; she later joined the Industrial Development Corporation as a senior dealmaker and her most recent experience includes deal originating and investment execution at Senatla Capital, a mid-market private equity fund and principal of African Phoenix Investments Limited. Alupheli is a non-executive director on the following companies: Dischem Pharmacies Limited; Metair Investments Limited; AIH Capital. Ms. Sithebe holds the following qualifications: BCom Acc, BCom (Hon), MBA, (CA) SA. Proposed Name Change As contained in the Notice to the AGM, the Board has proposed the change of the Company´s registered name from "Allied Electronics Corporation Limited" to "Altron Limited". The proposed amended name of the Company to Altron Limited, was approved and reserved for use by the Companies and Intellectual Property Commission from 07 June 2021 until 07 December 2021 and the name Altron Limited was approved by the JSE on 31 May 2021. The new name of the Company will be reflected as Altron Limited with its abbreviated name being "Altron". The JSE Code remains: "AEL". There will be no change to the ISIN and JSE codes. The name change of the Company is subject to shareholder approval at the AGM. More information is contained under special resolution 6 of the Notice of AGM. The salient dates applicable to the name change appear hereunder: Tuesday, 29 June 2021 Publication of finalisation of information Tuesday, 06 July 2021 Last day to trade old securities Wednesday, 07 July 2021 List and trade of new shares Trading commences on the JSE under new name (Termination of trading of old shares on JSE trading system and Termination of trading on the JSE of old name) Friday, 09 July 2021 Record Date Monday, 12 July 2021 Name change becomes effective for all purposes and CSDP and broker accounts updated with new name For and on behalf of the Board. Johannesburg 18 June 2021 Sponsor Investec Bank Limited Date: 18-06-2021 05:01:00 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.