AVI LIMITED - Acceptance of Share Options by AVI Directors and Directors of Major Subsidiaries

Acceptance of Share Options by AVI Directors and Directors of Major Subsidiaries

AVI Limited
Registration Number 1944/017201/06
Share Code: AVI
ISIN: ZAE000049433
(“AVI” or “the Company”)

ACCEPTANCE OF SHARE OPTIONS BY AVI DIRECTORS AND DIRECTORS OF
MAJOR SUBSIDIARIES

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          :   11 December 2020
Nature of transaction        :   Acceptance of options in the AVI
                                 Out Performance Scheme
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   102 237
Option allocation price      :   R72.42
Total value of transaction   :   R7 404 003.54
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          :   11 December 2020
Nature of transaction        :   Acceptance of options in the AVI
                                 Out Performance Scheme
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   47 415
Option allocation price      :   R72.42
Total value of transaction   :   R3 433 794.30
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          :   11 December 2020
Nature of transaction        :   Acceptance of options in the AVI
                                 Out Performance Scheme
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   34 128
Option allocation price      :   R72.42
Total value of transaction   :   R2 471 549.76
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          :   11 December 2020
Nature of transaction        :   Acceptance of options in the AVI
                                 Out Performance Scheme
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   40 760
Option allocation price      :   R72.42
Total value of transaction   :   R2 951 839.20
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          :   11 December 2020
Nature of transaction        :   Acceptance of options in the AVI
                                 Out Performance Scheme
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   39 504
Option allocation price      :   R72.42
Total value of transaction   :   R2 860 897.68
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          :   11 December 2020
Nature of transaction        :   Acceptance of options in the AVI
                                 Out Performance Scheme
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   20 188
Option allocation price      :   R72.42
Total value of transaction   :   R1 462 014.96
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes

Director                     :   John Jankovich-Besan
Company                      :   Irvin & Johnson Holding Company
                                 (Pty)Ltd
Date of transaction          :   11 December 2020
Nature of transaction        :   Acceptance of options in the AVI
                                 Out Performance Scheme
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   31 137
Option allocation price      :   R72.42
Total value of transaction   :   R2 254 941.54
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes



Illovo
14 December 2020
Sponsor
The Standard Bank of South Africa Limited

Date: 14-12-2020 10:23:00
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