Sectors Shares

AVI LIMITED - Dealing in AVI Shares by a Director of a Major Subsidiary

Release Date: 08/10/2014 11:50
Code(s): AVI
 
Wrap Text
Dealing in AVI Shares by a Director of a Major Subsidiary

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

DEALING IN AVI SHARES BY A DIRECTOR OF A MAJOR SUBSIDIARY

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            :   David Hood
Company                     :   National Brands Limited
Date of transaction         :   7 October 2014
Strike price and exercise
price per option            :   R32.43
Number of ordinary shares   :   114 941
Aggregate consideration     :   R 3 727 536.63
Class of securities         :   Ordinary shares
Nature of transaction       :   Acceptance of shares awarded in
                                terms of the AVI Limited Out-
                                Performance Scheme
Extent of interest          :   Direct beneficial

The above transaction was done off-market.

Name of Director            :   David Hood
Company                     :   National Brands Limited
Date of transaction         :   7 October 2014
Price per unit              :   R70.55
Number of ordinary shares   :   80 000
Aggregate consideration     :   R 5 644 000.00
Class of securities         :   Ordinary shares
Nature of transaction       :   Sale of shares accepted as above
Extent of interest          :   Direct beneficial

The above transaction was done on-market.

Name of Director            :   David Hood
Company                     :   National Brands Limited
Date of transaction         :   8 October 2014
Price per unit              :   R69.90
Number of ordinary shares   :   34 941
Aggregate consideration     :   R 2 442 375.90
Class of securities         :   Ordinary shares
Nature of transaction       :   Transfer of shares accepted as
                                above
Extent of interest          :   Direct beneficial
The above transaction was done off-market.


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

Illovo
Sandton
8 October 2014

Sponsor
The Standard Bank of South Africa Limited

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