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AVENG LIMITED - Dealings in securities

Release Date: 09/09/2014 17:03
Code(s): AEG     PDF:  
Wrap Text
Dealings in securities

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 and Share Appreciation Rights Plan.


The Awards were made on the 9 September 2014 in terms of the Aveng
Long Term Incentive schemes, being the Share Appreciation Rights Plan
and    the   Forfeitable   Share   Plan.      The   awards    are   for   the     direct
beneficial interest of the director.


Share Appreciation Rights awarded to and accepted by the Director:
Employee     Employer   Acceptance      Award       Share            Vesting Dates
Name         Company    Date            Price       Appreciation     (three       equal
                                                    Rights           tranches)
Adrian    Aveng         12/09/2014      R 22.63     243,040          08/09/2017
Macartney Limited                                                    08/09/2018
                                                                     08/09/2019


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 the Director:
Employee     Employer   Acceptance      Award       Forfeitable      Vesting Date
Name         Company    Date            Price       Shares


Adrian    Aveng         12/09/2014      R 22.63     44,189           08/09/2017
Macartney Limited
The necessary clearance in terms of paragraph 3.66 of the JSE Listings
Requirements has been obtained.
9 September 2014


Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd

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