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Acceptance of share options by AVI directors , directors of major subsidiaries and 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 AND 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 : 19 June 2023
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 : 511 125
Option allocation price : R66.48
Total value of transaction : R33,979,590.00
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 : 19 June 2023
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 : 214 125
Option allocation price : R66.48
Total value of transaction : R14,235,030.00
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 : 19 June 2023
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 : 49 652
Option allocation price : R66.48
Total value of transaction : R3,300,864.96
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Simon Crutchley
Company : AVI
Date of transaction : 19 June 2023
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 : 159 194
Option allocation price : R63.58
Total value of transaction : R10,121,554.52
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 : 19 June 2023
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 : 51 003
Option allocation price : R63.58
Total value of transaction : R3,242,770.74
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Michael Koursaris
Company : AVI
Date of transaction : 19 June 2023
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 : 80 371
Option allocation price : R63.58
Total value of transaction : R5,109,988.18
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Gaynor Poretti
Company : National Brands Limited
Date of transaction : 19 June 2023
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 : 21 659
Option allocation price : R63.58
Total value of transaction : R1,377,079.22
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 : 19 June 2023
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 : 20 767
Option allocation price : R63.58
Total value of transaction : R1,320,365.86
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Jonty Jankovich-Besan
Company : Irvin & Johnson Holding Company
(Pty) Ltd
Date of transaction : 19 June 2023
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 : 24 022
Option allocation price : R63.58
Total value of transaction : R1,527,318.76
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Brendon Lucke
Company : Irvin & Johnson Holding Company
(Pty) Ltd
Date of transaction : 19 June 2023
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 : 17 706
Option allocation price : R63.58
Total value of transaction : R1,125,747.48
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 : 19 June 2023
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 : 13 722
Option allocation price : R63.58
Total value of transaction : R872,444.76
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Illovo
19 June 2023
Sponsor
The Standard Bank of South Africa Limited
Date: 19-06-2023 03:40:00
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