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AVENG LIMITED - The off-market acceptance of an award by a Director in terms of the Forfeitable Share Plan

Release Date: 17/03/2014 12:00
Code(s): AEG     PDF:  
Wrap Text
The off-market acceptance of an award by a Director in terms of the Forfeitable Share Plan

AVENG LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1944/018119/06)
ISIN: ZAE000111829
SHARE CODE: AEG
("Aveng" or "the Group")


The off-market acceptance of an award by a Director in terms of
the Forfeitable Share Plan.


The award was made on the 14 March 2014 in terms of the Aveng
Long Term Incentive scheme, being the Forfeitable Share Plan.
The award is for the direct beneficial interest of the director.


Forfeitable Share Plan (“FSP”)
Schedule 14 of the JSE Limited Listings Requirements will in
this instance not apply to the FSP as awards made under the
scheme are settled by way of acquiring shares from third parties
on the open market.       No new shares will be issued by the Company
to any participant.


Forfeitable Shares awarded to and accepted by a Director:
Employee        Employer       Acceptance Date   Award    Forfeitable
Name            Company                          Price    Shares
Kobus           Aveng          17 March 2014     R 21.55 232 019
Verster         (Africa)
                Limited


The necessary clearance in terms of paragraph 3.66 of the JSE
Listings Requirements has been obtained.
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
17 March 2014

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