Altron shares cash on demerger news

08 December 2020

Peter Takaendesa, head of equities at Mergence Investment Managers, said Altron’s share price crash was a result of the impending demerger of Bytes UK from the group.“Altron shares are trading excluding the entitlement to receive the Bytes UK assets distribution. This means any investor who purchases Altron shares from today (yesterday) onwards will not receive Bytes UK shares when they list on the LSE and JSE next week,” Takaendesa said.