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AVU - Avusa Limited - Exercise of share-based incentives by, and delivery of

Release Date: 03/10/2011 16:05
Code(s): AVU
Wrap Text

AVU - Avusa Limited - Exercise of share-based incentives by, and delivery of shares to a director of a major subsidiary AVUSA LIMITED Incorporated in the Republic of South Africa (Registration number: 2008/002461/06) Share code: AVU ISIN code: ZAE000115895 ("Avusa") EXERCISE OF SHARE-BASED INCENTIVES BY, AND DELIVERY OF SHARES TO A DIRECTOR OF A MAJOR SUBSIDIARY In compliance with paragraphs 3.63 - 3.70 of the Listings Requirements of the JSE Limited, the following information relating to the exercise of share-based incentives by, and the delivery of Avusa shares to, a director of a major subsidiary, is disclosed: Director of a major subsidiary Michael Robertson Company of which a director Avusa Media Limited Date of exercise of conditional awards 26 September 2011 Date of delivery of shares 29 September 2011 Exercise price R23,00 per conditional award Allocation price Nil Number of shares delivered 20 009 (with 8 004 shares subsequently sold to settle employee`s tax) Value of transaction R460 207 (before tax) Nature of transaction Exercise of conditional awards in terms of the Long Term Incentive Plan 2008, and delivery of Avusa shares Class of securities Avusa ordinary shares Extent of interest Direct beneficial Written clearance to deal Yes Johannesburg 3 October 2011 Sponsor Nedbank Capital Date: 03/10/2011 16:05:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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