ALLIED ELECTRONICS CORPORATION LTD - Aberdare Cables granted conditional immunity by the Competition Commission
ATN ATNP 201403190030A
Aberdare Cables granted conditional immunity by the 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 GRANTED CONDITIONAL IMMUNITY BY THE COMPETITION COMMISSION
Shareholders are referred to:
(i) Altron’s announcement released on SENS on 6 May 2010, advising that the
Competition Commission (Commission) had launched an investigation into certain
alleged prohibited practices in the power cable market; and
(ii) the Commission’s media release published earlier today advising that it had decided to
refer the investigation to the Competition Tribunal.
Shareholders are advised that as a result of Aberdare Cables, a material subsidiary of
Power Technologies (Pty) Ltd, having co-operated fully with the Commission’s requirements
in terms of the aforesaid investigation and applied for leniency in accordance with the
Commission’s Corporate Leniency Policy, it has been granted conditional immunity against
prosecution before the Competition Tribunal.
Given that Aberdare Cables will continue to fully comply with the Commission’s requirements
in terms of their investigations into these alleged prohibited practices within the power cable
market and in respect of any resultant referrals that may take place, it does not anticipate
incurring any penalties as prescribed by the Competition Act.
The Altron group and Aberdare Cables support the provisions of the Competition Act and
have undertaken significant measures to ensure that all employees are made aware of the
requirements of the law.
Johannesburg
19 March 2014
Sponsor
Investec Bank Limited
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