As Allied Electronics (Altron) continues its strategy to unbundle and list its UK subsidiary Bytes Technology Group separately on the London Stock Exchange, with a secondary listing on the JSE, the group has released its abridged prelisting statement for the proposed offer of ordinary shares of Bytes Technology Group to certain institutional and professional investors. According to a notice to shareholders, the price range for the offer has been set at between 240.0p and 290.0p per Bytes Technology Group share.
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