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

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Update on The Disposal by Altron of its Interest in Powertech Transformers
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")


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


Shareholders are referred to the announcement released on SENS on 15 November 2017 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.

Meaningful progress has been made with regard to the fulfilment of the conditions precedent to the
transaction. The last of the conditions precedent is expected to be fulfilled by 31 May 2018.

Shareholders will be kept informed should this transaction be finalised prior to the said date.

By order of the Altron Board.


Johannesburg
4 April 2018


Sponsor
Investec Bank Limited

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