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AVI LIMITED - Dealing in AVI shares by a director of AVI

Release Date: 18/10/2012 12:30
Code(s): AVI     PDF:  
Wrap Text
Dealing in AVI shares by a director of AVI

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

DEALING IN AVI SHARES BY A DIRECTOR OF AVI

In compliance with Rules 3.63 – 3.74 of the Listings Requirements of
the JSE Limited (“the JSE”), the following information is disclosed:

Name of director         :     Simon Crutchley
Date of transaction      :     17 October 2012
Class of securities      :     Ordinary shares
Nature of transaction    :     Acceptance of shares awarded in terms
                               of the AVI Limited Out-Performance
                               Scheme
Price per share at time
of allocation             :    R18.61
Number of ordinary shares :    148 777
Aggregate consideration :      R 2 768 739.97
Extent of interest        :    Direct beneficial

The above transaction was done off-market.

Name of director          :    Simon Crutchley
Date of transaction       :    17 October 2012
Class of securities       :    Ordinary shares
Nature of transaction     :    Sale of shares accepted as above
Price per share           :    R59.00
Number of ordinary shares :    148 777
Aggregate consideration :      R 8 777 843.00
Extent of interest        :    Direct beneficial

The above transaction was done on-market.

Clearance to deal in these shares was obtained in accordance with
AVI’s policy with regard to directors’ dealings as well as the
Listings Requirements of the JSE.

Illovo
Sandton
18 October 2012

Sponsor
The Standard Bank of South Africa Limited

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