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AVI LIMITED - Dealings in securities

Release Date: 07/10/2019 10:30
Code(s): AVI     PDF:  
Wrap Text
Dealings in securities

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

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          :   7 October 2019
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    :   37 340
Option allocation price      :   R83.91
Total value of transaction   :   R3,133,199.40
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          :   7 October 2019
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    :   15 764
Option allocation price      :   R83.91
Total value of transaction   :   R1,322,757.24
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          :   7 October 2019
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    :   11 346
Option allocation price      :   R83.91
Total value of transaction   :   R952,042.86
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          :   7 October 2019
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    :   8 796
Option allocation price      :   R83.91
Total value of transaction   :   R738,072.36
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          :   7 October 2019
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    :   4 205
Option allocation price      :   R83.91
Total value of transaction   :   R352,841.55
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes
Director                     :   Roelf van der Laan
Company                      :   National Brands Limited
Date of transaction          :   7 October 2019
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    :   2 627
Option allocation price      :   R83.91
Total value of transaction   :   R220 431.57
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          :   7 October 2019
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    :   5 702
Option allocation price      :   R83.91
Total value of transaction   :   R478,454.82
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          :   7 October 2019
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    :   2 910
Option allocation price      :   R83.91
Total value of transaction   :   R244,178.10
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes
Director                     :   Harsha Govind
Company                      :   Irvin & Johnson Holding Company
                                 (Pty) Ltd
Date of transaction          :   7 October 2019
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    :   780
Option allocation price      :   R83.91
Total value of transaction   :   R65,449.80
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          :   7 October 2019
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    :   901
Option allocation price      :   R83.91
Total value of transaction   :   R75,602.91
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes


Illovo
7 October 2019
Sponsor
The Standard Bank of South Africa Limited

Date: 07/10/2019 10:30:00
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