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          :   13 December 2019
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    :   76 798
Option allocation price      :   R83.73
Total value of transaction   :   R6 430 296.54
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          :   13 December 2019
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    :   38 598
Option allocation price      :   R83.73
Total value of transaction   :   R3 231 810.54
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes
Director                     :   Michael Koursaris
Company                      :   AVI
Date of transaction          :   13 December 2019
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    :   27 781
Option allocation price      :   R83.73
Total value of transaction   :   R2 326 103.13
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          :   13 December 2019
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    :   33 181
Option allocation price      :   R83.73
Total value of transaction   :   R2 778 245.13
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          :   13 December 2019
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    :   32 463
Option allocation price      :   R83.73
Total value of transaction   :   R2 718 126.99
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          :   13 December 2019
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    :   16 551
Option allocation price      :   R83.73
Total value of transaction   :   R1 385 815.23
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          :   13 December 2019
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    :   25 833
Option allocation price      :   R83.73
Total value of transaction   :   R2 162 997.09
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes



Illovo
17 December 2019

Sponsor
The Standard Bank of South Africa Limited

Date: 17-12-2019 01:00:00
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