AVI LIMITED - Acceptance of Share Options by an AVI Director and the AVI Company Secretary

Acceptance of Share Options by an AVI Director and the AVI Company Secretary

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

ACCEPTANCE OF SHARE OPTIONS BY AN AVI DIRECTOR 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                     :   Owen Cressey
Date of transaction          :   11 December 2020
Nature of transaction        :   Acceptance of options in the AVI
                                 Revised Executive Share Incentive
                                 Scheme
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   179 708
Option allocation price      :   R74.52
Total value of transaction   :   R13 391 840.16
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
Date of transaction          :   11 December 2020
Nature of transaction        :   Acceptance of options in the AVI
                                 Revised Executive Share Incentive
                                 Scheme
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   19 446
Option allocation price      :   R74.52
Total value of transaction   :   R1 449 115.92
Vesting period               :   3 years
Nature and extent of
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 10:30:00
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