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Acceptance of share options by AVI directors and directors of major subsidiaries
AVI Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1944/017201/06)
Share Code: AVI
ISIN: ZAE000049433
(“AVI”)
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 : 7 December 2012
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 : 56 304
Option allocation price : R58.61
Total value of transaction : R3,299,977.44
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 : 7 December 2012
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 : 26 217
Option allocation price : R58.61
Total value of transaction : R1,536,578.37
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Donnee MacDougall
Company : National Brands Limited
Date of transaction : 7 December 2012
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 : 24 329
Option allocation price : R58.61
Total value of transaction : R1,425,922.69
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 : 7 December 2012
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 : 22 394
Option allocation price : R58.61
Total value of transaction : R1,312,512.34
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Keith Phillips
Company : National Brands Limited
Date of transaction : 7 December 2012
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 : 16 773
Option allocation price : R58.61
Total value of transaction : R983, 065.53
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 : 7 December 2012
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 : 28 354
Option allocation price : R58.61
Total value of transaction : R1,661,827.94
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Ronald Fasol
Company : Irvin & Johnson Holding Company
(Pty)Ltd
Date of transaction : 7 December 2012
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 : 26 005
Option allocation price : R58.61
Total value of transaction : R1,524,153.05
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 : 7 December 2012
Nature of transaction : Acceptance of options in the AVI
Executive Share Incentive Scheme
Class of securities : Options in respect of ordinary
shares
Number of options granted : 86 191
Option allocation price : R58.83
Total value of transaction : R5,070,616.53
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 Naidoo
Company : AVI
Date of transaction : 7 December 2012
Nature of transaction : Acceptance of options in the AVI
Executive Share Incentive Scheme
Class of securities : Options in respect of ordinary
shares
Number of options granted : 5 649
Option allocation price : R58.83
Total value of transaction : R332,330.67
Vesting period : 3 years
Nature and extent of
interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Illovo
7 December 2012
Sponsor
The Standard Bank of South Africa Limited
Date: 07/12/2012 12:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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