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Dealing in Securities by Executive Directors, Company Secretary and Directors of Major Subsidiary
ALTRON LIMITED
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code: AEL ISIN: ZAE000191342
("Altron" or "the Company")
DEALING IN SECURITIES BY EXECUTIVE DIRECTORS, COMPANY SECRETARY AND DIRECTORS OF MAJOR SUBSIDIARY
In compliance with paragraph 3.63 to 3.66 of the JSE Limited Listings Requirements ("JSE Listings
Requirements"), notice is hereby given of the following dealings by an executive director, company secretary
and director of a major subsidiary of Altron, after receiving clearance to do so in terms of paragraph 3.66 of
the JSE Listings Requirements. The dealings relate to the acceptance of restricted matching shares post the
closed period, granted in terms of the Company's MSR Policy.
Name : Mr Carel Coenraad Snyman
Title : Executive Director
Company : Altron Limited
Class of securities : Altron A Ordinary shares
Total number of shares : 140 000
Award price per share : R 11.74
Value of the transaction : R1,643,600
Nature of transaction : Off-market acceptance of award of matching
shares in terms of the MSR Policy
Nature of interest : Direct beneficial
Date of share award : 31 May 2024
Name : Ms Mbali Ngcobo
Title : Company Secretary
Company : Altron Limited
Class of securities : Altron A Ordinary shares
Total number of shares : 12 101
Award price per share : R13.40
Value of the transaction : R162,147
Nature of transaction : Off-market acceptance of award of matching
shares in terms of the MSR Policy
Nature of interest : Direct beneficial
Date of share award : 4 June 2024
Name : Mr Murugan Collin Subramony Govender
Title : Director
Company : Altron TMT Proprietary Limited
Class of securities : Altron A Ordinary shares
Total number of shares : 23 652
Award price per share : R13.50
Value of the transaction : R319,222
Nature of transaction : Off-market acceptance of award of matching
shares in terms of the MSR Policy
Nature of interest : Direct beneficial
Date of share award : 4 June 2024
The restricted matching shares will be held by the abovementioned directors in a direct beneficial
capacity for a period of three years. The restricted matching shares are subject to:
a) an agreement between the director and Altron that the shares cannot be traded or pledged
further during the three-year period; and
b) Clawback, should the senior executives terminate their employment before the completion of
the three-year period.
Shareholders are further advised, in compliance with paragraph 3.63 to 3.66 of the JSE Listings Requirements
of the acceptance of the Altron Performance Shares allocation ("Performance Shares"), at NIL cost, by the
executive directors, company secretary and directors of the major subsidiaries of Altron in terms of the Altron
2009 Share Plan. The allocation of the Performance Shares will vest in three years, June 2027, and are
subject to performance conditions.
Name : Mr. Werner Gerhard Kapp
Title : Executive Director - Chief Executive Officer
Company : Altron Limited
Number of Performance Shares allocated : 466 926 Altron A Ordinary Shares
Deemed value* : R6 000 000
Nature of Interest : Direct, Beneficial
Clearance received : Yes
Name : Mr. Carel Coenraad Snyman
Title : Executive Director - Chief Financial Officer
Company : Altron Limited
Number of Performance Shares allocated : 233 463 Altron A Ordinary Shares
Deemed value* : R3 000 000
Nature of Interest : Direct, Beneficial
Clearance received : Yes
Name : Ms. Mbali Blossom Ngcobo
Title : Group Company Secretary
Company : Altron Limited
Number of Performance Shares allocated : 37 354 Altron A Ordinary Shares
Deemed value* : R480 000
Nature of Interest : Direct, Beneficial
Clearance received : Yes
Name : Mr. Murugan Collin Govender
Title : Director
Company : Altron TMT Proprietary Limited
Number of Performance Shares allocated : 165 667 Altron A Ordinary Shares
Deemed value* : R2 128 820
Nature of Interest : Direct, Beneficial
Clearance received : Yes
Name : Mr. Grant Fraser
Title : Director
Company : Netstar Proprietary Limited
Number of Performance Shares allocated : 217 899 Altron A Ordinary Shares
Deemed value* : R2 800 000
Nature of Interest : Direct, Beneficial
Clearance received : Yes
Name : Mr. Eugene Roets
Title : Director
Company : Netstar Proprietary Limited
Number of Performance Shares allocated : 73 404 Altron A Ordinary Shares
Deemed value* : R943 236
Nature of Interest : Direct, Beneficial
Clearance received : Yes
Allocation date of the above transactions – 03 June 2024
Acceptance date of above transactions – 05 June 2024
*Deemed value is based on the market price, as at close of business, 31 May 2024, of R12.85. The final award
value is based on the share price at the time of vesting and subject to performance conditions being met.
Johannesburg
5 June 2024
Sponsor
Investec Bank Limited
Date: 05-06-2024 03:30:00
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