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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 : 11 December 2013
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 : 61 597
Option allocation price : R57.86
Total value of transaction : R3,564,002.42
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 : 11 December 2013
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 : 31 868
Option allocation price : R57.86
Total value of transaction : R1,843,882.48
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 : 11 December 2013
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 : 20 691
Option allocation price : R57.86
Total value of transaction : R1,197,181.26
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Sarah-Anne Orphanides
Company : National Brands Limited
Date of transaction : 11 December 2013
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 : 23 116
Option allocation price : R57.86
Total value of transaction : R1,337,491.76
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Gaynor Poretti
Company : National Brands Limited
Date of transaction : 11 December 2013
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 : 24 272
Option allocation price : R57.86
Total value of transaction : R1,404,377.92
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 : 11 December 2013
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 : 18 435
Option allocation price : R57.86
Total value of transaction : R1,066,649.10
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 : 11 December 2013
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 : 30 733
Option allocation price : R57.86
Total value of transaction : R1,778,211.38
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 : 11 December 2013
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 : 24 196
Option allocation price : R57.86
Total value of transaction : R1,399,980.56
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 : 11 December 2013
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 : 104 013
Option allocation price : R58.50
Total value of transaction : R6,084,760.50
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 : 11 December 2013
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 : 6 078
Option allocation price : R58.50
Total value of transaction : R355 563.00
Vesting period : 3 years
Nature and extent of
interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Illovo
11 December 2013
Sponsor
The Standard Bank of South Africa Limited
Date: 11/12/2013 01:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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