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Acceptance of share options by AVI Directors, Directors of major subsidiaries, AVI Company Secretary
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, AVI COMPANY SECRETARY AND I&J 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 : 10 October 2022
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 : 118 861
Option allocation price : R72.99
Total value of transaction : R8,675,664.39
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Justin O’Meara
Company : AVI
Date of transaction : 10 October 2022
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 : 31 734
Option allocation price : R72.99
Total value of transaction : R2,316,264.66
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 : 10 October 2022
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 : 39 308
Option allocation price : R72.99
Total value of transaction : R2,869,090.92
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 : 10 October 2022
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 : 47 168
Option allocation price : R72.99
Total value of transaction : R3,442,792.32
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Roelf van der Laan
Company : National Brands Limited
Date of transaction : 10 October 2022
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 : 22 612
Option allocation price : R72.99
Total value of transaction : R1,650,449.88
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 : 10 October 2022
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 : 34 875
Option allocation price : R72.99
Total value of transaction : R2,545,526.25
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 : 10 October 2022
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 : 25 706
Option allocation price : R72.99
Total value of transaction : R1,876,280.94
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Simon Crutchley
Company : AVI
Date of transaction : 10 October 2022
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 : 219 682
Option allocation price : R73.43
Total value of transaction : R16,131,249.26
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Justin O’Meara
Company : AVI
Date of transaction : 10 October 2022
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 : 28 433
Option allocation price : R73.43
Total value of transaction : R2,087,835.19
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 : 10 October 2022
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 : 60 718
Option allocation price : R73.43
Total value of transaction : R4,458,522.74
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 : 10 October 2022
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 : 16 430
Option allocation price : R73.43
Total value of transaction : R1,206,454.90
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 : 10 October 2022
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 : 6 379
Option allocation price : R73.43
Total value of transaction : R468,409.97
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 : 10 October 2022
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 : 13 026
Option allocation price : R73.43
Total value of transaction : R956,499.18
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 : 10 October 2022
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 : 7 673
Option allocation price : R73.43
Total value of transaction : R563,428.39
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 : 10 October 2022
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 : 2 963
Option allocation price : R73.43
Total value of transaction : R217,573.09
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 : Ashfaque Ahmed
Company : Irvin & Johnson Holding Company
(Pty) Ltd
Date of transaction : 10 October 2022
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 : 931
Option allocation price : R73.43
Total value of transaction : R68,363.33
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Justin O’Meara
Date of transaction : 10 October 2022
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 : 123 020
Option allocation price : R73.43
Total value of transaction : R9,033,358.60
Vesting period : 3 years
Nature and extent of
interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Company Secretary : Sureya Scheepers
Date of transaction : 10 October 2022
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 : 22 277
Option allocation price : R73.43
Total value of transaction : R1,635,800.11
Vesting period : 3 years
Nature and extent of
interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Illovo
11 October 2022
Sponsor
The Standard Bank of South Africa Limited
Date: 11-10-2022 03:50:00
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