ATN/ATNP - Allied Electronics Corporation Limited - Retirement of Non-Executive
ALT ATN ATNP
ALT
ATN/ATNP - Allied Electronics Corporation Limited - Retirement of Non-Executive
Directors and Appointment of Independent Non-Executive Director of Altron
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")
Retirement of Non-Executive Directors and Appointment of Independent Non-
Executive Director of Altron
In compliance with paragraphs 3.59 (a) and (b) of the JSE Limited`s Listings
Requirements, shareholders are advised that following 18 years of service on the
Altron board, Mr Peter Curle will retire as a non-executive director of the
company with effect from 19 May 2012.
Notwithstanding Peter`s retirement from the Altron board, he will continue
serving as a non executive director on the Allied Technologies Limited (Altech)
board and will consult to the wider Altron group on corporate finance related
matters.
Shareholders are further advised that with effect from 20 July 2012, Mr Peter
Wilmot will retire as an independent non-executive director of the company.
Peter joined the Altron board in 2001 and since then has served as the Chairman
of its audit committee, as well as a member of the company`s remuneration and
risk management committees.
On 1 June 2012, Mr Grant Gelink will join the Altron board as an independent non
executive director. Grant is the current Chief Executive of Deloitte & Touche
Southern Africa, from where he will be retiring on 31 May 2012. In addition to
serving on the Altron risk management committee, Grant will be appointed as the
Chairman of the Altron audit committee with effect from 21 July 2012.
The board wishes to express its gratitude and appreciation to both Peter Curle
and Peter Wilmot for their many years of devoted service and commitment towards
the Altron group and welcomes Grant Gelink to the board and looks forward to
benefitting from his considerable business and accounting experience.
Johannesburg
4 May 2012
Sponsor
Investec Bank
Date: 04/05/2012 16:14:01 Produced by the JSE SENS Department.
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