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Acceptance of Restricted Matching Shares in terms of the MSR Policy and Allocation of the Altron Performance Shares
ALTRON LIMITED
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code: AEL ISIN: ZAE000191342
("Altron" or "the Company")
ACCEPTANCE OF RESTRICTED MATCHING SHARES GRANTED IN TERMS OF THE MINIMUM
SHAREHOLDING REQUIREMENT (MSR) POLICY AND ALLOCATION OF THE ALTRON PERFORMANCE
SHARES IN TERMS OF THE ALTRON 2009 SHARE PLAN FOR THE EXECUTIVE DIRECTORS,
COMPANY SECRETARY AND DIRECTOR OF A MAJOR SUBSIDIARY OF ALTRON
In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements
("JSE Listings Requirements"), notice is hereby given of the following dealings by an Executive Director,
Company Secretary and Director of a major subsidiary of Altron, after receiving clearance to do so in terms of
paragraph 3.66 of the JSE Listings Requirements. The dealings relate to the acceptance of restricted matching
shares post the closed period, granted in terms of the Company's MSR Policy.
Name : Carel Snyman
Title : Executive Director
Company : Altron Limited
Class of securities : Altron A Ordinary shares
Total number of shares : 35,000
Award price per share : R23.50
Value of the transaction : R822,500.00
Nature of transaction : Off-market acceptance of award of matching
shares in terms of the MSR Policy
Nature of interest : Direct beneficial
Date of share award : 3 June 2025
Name : Mbali Ngcobo
Title : Company Secretary
Company : Altron Limited
Class of securities : Altron A Ordinary shares
Total number of shares : 1,425
Award price per share : R23.50
Value of the transaction : R33,487.50
Nature of transaction : Off-market acceptance of award of matching
shares in terms of the MSR Policy
Nature of interest : Direct beneficial
Date of share award : 3 June 2025
Name : Collin Govender
Title : Director
Company : Altron TMT Proprietary Limited
Class of securities : Altron A Ordinary shares
Total number of shares : 13,150
Award price per share : R23.50
Value of the transaction : R309,025.00
Nature of transaction : Off-market acceptance of award of matching
shares in terms of the MSR Policy
Nature of interest : Direct beneficial
Date of share award : 3 June 2025
The restricted matching shares will be held by the abovementioned MSR participants in a direct
beneficial capacity for a period of three years. The restricted matching shares are subject to:
a) an agreement between the MSR participants and Altron that the shares cannot be traded or
pledged during the three-year period; and
b) clawback, should the MSR participants terminate their employment before the completion of the
three-year period.
Shareholders are further advised, in compliance with paragraphs 3.63 to 3.66 of the JSE Listings
Requirements of the acceptance of the Altron Performance Shares allocation ("Performance Shares"), at NIL
cost, by the Executive Directors, Company Secretary and Directors of the major subsidiaries of Altron in terms
of the Altron 2009 Share Plan. The allocation of the Performance Shares will vest in three years, June 2028,
and are subject to performance conditions.
Name : Werner Gerhard Kapp
Title : Executive Director - Chief Executive Officer
Company : Altron Limited
Number of Performance Shares allocated : 269 720 Altron A Ordinary Shares
Deemed value* : R6 360 000
Nature of Interest : Direct beneficial
Clearance received : Yes
Name : Carel Snyman
Title : Executive Director - Chief Financial Officer
Company : Altron Limited
Number of Performance Shares allocated : 131 997 Altron A Ordinary Shares
Deemed value* : R3 112 500
Nature of Interest : Direct beneficial
Clearance received : Yes
Name : Mbali Ngcobo
Title : Group Company Secretary
Company : Altron Limited
Number of Performance Shares allocated : 21 170 Altron A Ordinary Shares
Deemed value* : R499 200
Nature of Interest : Direct beneficial
Clearance received : Yes
Name : Collin Govender
Title : Director
Company : Altron TMT Proprietary Limited
Number of Performance Shares allocated : 94 795 Altron A Ordinary Shares
Deemed value* : R2 235 261
Nature of Interest : Direct beneficial
Clearance received : Yes
Allocation date of the above transactions – 02 June 2025
Acceptance date of above transactions – 02 June 2025
*Deemed value is based on the market price as at close of business, 30 May 2025 of R23.58.
Johannesburg
3 June 2025
Sponsor
Investec Bank Limited
Date: 03-06-2025 04:15:00
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