ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by an executive director

Dealing in securities by an executive 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 EXECUTIVE DIRECTOR: ALLOCATION OF 2021 SHARE APPRECIATION RIGHTS
(“SARS”) IN TERMS OF THE ALTRON 2009 SHARE PLAN


In compliance with rule 3.63 of the JSE Listings Requirements, the following information is
disclosed:

The participant below has been awarded an off-market allocation of Share Appreciation Rights (“SARs”) at
an allocation price of R10.60 in accordance with the rules of The Altron 2009 Share Plan. The SARs are
conditional on, inter alia, share price growth and the fulfilment of performance criteria, as imposed by the
Altron Board. Subject to performance, vesting will occur in tranches of three in August 2024, August 2025
and August 2026.
Director:                                 Mr. Nicholas Bofilatos
Designation:                              Executive Director – Chief Financial Officer
Company:                                  Altron
Transaction date:                         2 August 2021
Number of SARs allocated:                 135,659
Allocation Price:                         R10.60
Nature of interest:                       Direct Beneficial
Clearance to deal obtained:               Yes
Allocation Date:                          2 August 2021
Acceptance Date of the transaction:       3 August 2021



Johannesburg
05 August 2021

Sponsor: Investec Bank Limited




               

Date: 05-08-2021 05:10:00
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