AVI LIMITED - Acceptance of share options

Release Date: 08/10/2018 11:30
Code(s): AVI
 
Wrap Text
Acceptance of share options

AVI Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1944/017201/06)
Share Code: AVI
ISIN: ZAE000049433
(“AVI”)

ACCEPTANCE OF SHARE OPTIONS BY AVI DIRECTORS, DIRECTORS OF MAJOR
SUBSIDIARIES AND THE AVI COMPANY SECRETARY

In compliance with sections 3.63 – 3.74 of the Listings
Requirements of the JSE Limited, the following information is
disclosed:

Director                     :   Simon Crutchley
Company                      :   AVI
Date of transaction          :   8 October 2018
Nature of transaction        :   Acceptance of options in the AVI
                                 Deferred Bonus Share Plan
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   73 898
Option allocation price      :   R106.84
Total value of transaction   :   R7,895,262.32
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes

Director                     :   Owen Cressey
Company                      :   AVI
Date of transaction          :   8 October 2018
Nature of transaction        :   Acceptance of options in the AVI
                                 Deferred Bonus Share Plan
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   31 490
Option allocation price      :   R106.84
Total value of transaction   :   R3,364,391.60
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes
Director                     :   Michael Koursaris
Company                      :   AVI
Date of transaction          :   8 October 2018
Nature of transaction        :   Acceptance of options in the AVI
                                 Deferred Bonus Share Plan
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   22 505
Option allocation price      :   R106.84
Total value of transaction   :   R2,404,434.20
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes

Director                     :   David Hood
Company                      :   National Brands Limited
Date of transaction          :   8 October 2018
Nature of transaction        :   Acceptance of options in the AVI
                                 Deferred Bonus Share Plan
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   7 467
Option allocation price      :   R106.84
Total value of transaction   :   R797,774.28
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes

Director                     :   Keith Phillips
Company                      :   National Brands Limited
Date of transaction          :   8 October 2018
Nature of transaction        :   Acceptance of options in the AVI
                                 Deferred Bonus Share Plan
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   1 291
Option allocation price      :   R106.84
Total value of transaction   :   R137,930.44
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes
Director                     :   Gaynor Poretti
Company                      :   National Brands Limited
Date of transaction          :   8 October 2018
Nature of transaction        :   Acceptance of options in the AVI
                                 Deferred Bonus Share Plan
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   4 391
Option allocation price      :   R106.84
Total value of transaction   :   R469,134.44
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes

Director                     :   Jonty Jankovich-Besan
Company                      :   Irvin & Johnson Holding Company
                                 (Pty) Ltd
Date of transaction          :   8 October 2018
Nature of transaction        :   Acceptance of options in the AVI
                                 Deferred Bonus Share Plan
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   7 972
Option allocation price      :   R106.84
Total value of transaction   :   R851,728.48
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes

Director                     :   Brendon Lucke
Company                      :   Irvin & Johnson Holding Company
                                 (Pty) Ltd
Date of transaction          :   8 October 2018
Nature of transaction        :   Acceptance of options in the AVI
                                 Deferred Bonus Share Plan
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   4 753
Option allocation price      :   R106.84
Total value of transaction   :   R507,810.52
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes

Company Secretary            :   Sureya Scheepers
Company                      :   AVI
Date of transaction          :   8 October 2018
Nature of transaction        :   Acceptance of options in the AVI
                                 Deferred Bonus Share Plan
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   1 414
Option allocation price      :   R106.84
Total value of transaction   :   R151,071.76
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes


Illovo
8 October 2018

Sponsor
The Standard Bank of South Africa Limited

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