ALLIED ELECTRONICS CORPORATION LIMITED - Disposal of certain immovable property
AEL AEN 201612190047A
Disposal of certain immovable property
Allied Electronics Corporation Limited
Incorporated in the Republic of South Africa
Registration Number: 1947/024583/06
ISIN: ZAE000191342
Share Code: AEL
Share Code: AEN
(“Altron" or the “Company")
disposal by ist holdings proprietary limited ("ist holdings") OF
CERTAIN IMMOVABLE PROPERTY TO LITTLE RIVER TRADING 264 PROPRIETARY
LIMITED OR ITS NOMINEE ("THE PURCHASER")
Shareholders are referred to the announcement released by Altron on SENS on 20 April 2016
advising that IST Holdings, a wholly owned subsidiary of Power Technologies Proprietary Limited
("Powertech") has entered into an agreement of sale ("the Agreement") with the Purchaser, in terms
whereby IST Holdings will dispose of, inter alia, certain immovable property situated in Pretoria to
the Purchaser on terms and conditions more fully set out in the Agreement and as summarised in
the announcement on 20 April 2016.
Shareholders are advised that the immovable property has now been registered in the name of the
Purchaser and that cash proceeds totalling R107 million have been received by the Company.
Parktown, Johannesburg
19 December 2016
JSE Sponsor
INVESTEC BANK LIMITED
Date: 19/12/2016 03:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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