Altron enters into share purchase agreement as next step in Bytes demerger

JSE-listed Allied Electronics (Altron) has withdrawn its cautionary as it enters into a share purchase agreement to sell all its shares in Bytes UK to a wholly-owned subsidiary of Bytes Technology Group. Bytes Technology Group, on behalf of Bytes Technology Holdco, will settle the purchase consideration due to Bytes SA for the disposal through the issue of 220.5-million convertible notes to Bytes SA.

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