AEL: ALLIED ELECTRONICS CORPORATION LIMITED – Results of extraordinary general meeting

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Results of extraordinary general meeting
Results of extraordinary general meeting

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

RESULTS OF EXTRAORDINARY GENERAL MEETING

At the extraordinary general meeting ("EGM") of the shareholders of Altron held today, Tuesday, 1 December 2020 all the ordinary and special resolutions proposed at
the EGM were approved by the requisite majority of votes. In this regard, Altron confirms the voting statistics from the EGM as follows:

                                            Votes cast disclosed as a percentage
                                             in relation to the total number of                       Shares voted           Shares abstained
                                                shares voted at the meeting                          disclosed as a           disclosed as a
                                                                                    Number of         percentage in            percentage in
Resolutions                                                                        shares voted    relation to the total   relation to the total                      
                                                                                                      issued shares*           issued shares*
                                                                                                   
                                                                                                             
                                               For                 Against
Ordinary resolution 1: Approval of the
Disposal as a Category 1 Transaction           100.00%             0.00%           335 248 066           83.45%                    0.01%

Ordinary resolution 2: General
Authority                                      99.96%              0.04%           335 251 066           83.45%                    0.01%

Special resolution 1: Approval of the
Disposal in terms of section 115(2)(b) of      100.00%             0.00%           335 246 166           83.45%                    0.01%
the Companies Act

Special resolution 2: Approval of the
Distribution in terms of section 112 and       100.00%             0.00%           335 251 066           83.45%                    0.01%
115(2)(a) of the Companies Act

*Total issued shares is 369 466 878 (net of treasury shares).

The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.

Johannesburg
1 December 2020

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Legal Advisor
DLA Piper

Date: 01-12-2020 12:13:00
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