ATN ATNP
ATN
ATN / ATNP - Allied Electronics Corporation Limited - Aberdare cables:
Investigation by competition commission
Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code : ATN ISIN: ZAE000029658
Share Code : ATNP ISIN: ZAE000029666
("Altron" or "the company")
Aberdare Cables: Investigation by Competition Commission
Shareholders are advised that today, 6 May 2010, the Competition Commission
launched an investigation into certain alleged prohibited practices in the
power cable market against Aberdare Cables (Pty) Limited (Aberdare Cables) and
three other competitors.
Both Power Technologies (Pty) Limited and Aberdare Cables` management are
co-operating fully with the authorities and have taken the allegations made by
the Competition Commission against Aberdare Cables on advisement with their
external legal advisors.
Further communication to shareholders will be made once certain investigations
have been completed.
Johannesburg
6 May 2010
Sponsor
Investec Bank
Date: 06/05/2010 15:21:01 Produced by the JSE SENS Department.
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