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AVI LIMITED - Directors' dealing in securities

Release Date: 14/11/2014 16:45
Code(s): AVI     PDF:  
Wrap Text
Directors' dealing in securities

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            :   Keith Phillips
Company                     :   National Brands Limited
Date of transaction         :   13 November 2014
Strike price and exercise
price per option            :   R29.38
Number of ordinary shares   :   13 305
Aggregate consideration     :   R 390 900.90
Class of securities         :   Options in respect of ordinary
                                shares
Nature of transaction       :   Exercise of options granted in
                                April 2011
Extent of interest          :   Direct beneficial

The above transaction was done off-market.

Director                    :   Keith Phillips
Company                     :   National Brands Limited
Date of transaction         :   13 November 2014
Price per unit              :   R74.36
Number of ordinary shares   :   13 305
Aggregate consideration     :   R 989 359.80
Class of securities         :   Ordinary shares
Nature of transaction       :   Sale of shares in terms of the
                                options exercised above
Extent of interest          :   Direct beneficial

The above transaction was done on-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
14 November 2014

Sponsor
The Standard Bank of South Africa Limited

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