ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in Securities by an Associate of a Director
Dealing in Securities by an Associate of a Director
ALLIED ELECTRONICS CORPORATION LIMITED
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code: AEL ISIN: ZAE000191342
(“Altron”)
DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR
In compliance with the JSE Limited Listings Requirements, the following information is disclosed:
Director : Mr AC Ball
Title : Non-Executive Director
Director : Mr S Sithole
Title : Non-Executive Director
Company : Allied Electronics Corporation Limited
Name of Associate : The Seabrooke Family Trust*
Date of transaction : 3 November 2020
Number of securities : 211 682
Nature of transaction : On-market sale of securities
Class of securities : Altron A ordinary shares
Share price : R 28.77
Value of transaction : R 6 090 091.00
Nature of interest : Indirect Beneficial*
Clearance to deal obtained : Yes
Date of transaction : 4 November 2020
Number of securities : 28 454
Nature of transaction : On-market sale of securities
Class of securities : Altron A ordinary shares
Share price : R 29.41
Value of transaction : R 836 832.00
Nature of interest : Indirect Beneficial*
Clearance to deal obtained : Yes
* Mr AC Ball and Mr S Sithole have an indirect beneficial interest in Value Capital Partners (Pty) Ltd
(“VCP”), which is the registered investment manager for various funds managed by VCP. The above sales
are not a disposal from the funds managed by VCP, but simply shares that The Seabrooke Family had
nominated and appointed VCP a proxy to participate in and speak and vote at shareholders meetings of
Altron, as VCP sees fit.
Johannesburg
9 November 2020
Sponsor
Investec Bank Limited
Date: 09-11-2020 09:00:00
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