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Acceptance of Share Options by AVI Directors, Directors of Major Subsidiaries and the AVI Company Secretary
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, DIRECTORS OF MAJOR
SUBSIDIARIES AND THE AVI COMPANY SECRETARY
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 : 1 December 2014
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 : 59 346
Option allocation price : R65.46
Total value of transaction : R3,884,789.16
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 : 1 December 2014
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 : 30 985
Option allocation price : R65.46
Total value of transaction : R2,028,278.10
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Michael Koursaris
Company : AVI
Date of transaction : 1 December 2014
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 : 22 715
Option allocation price : R65.46
Total value of transaction : R1,486,923.90
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 : 1 December 2014
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 : 21 863
Option allocation price : R65.46
Total value of transaction : R1,431,151.98
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 : 1 December 2014
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 : 22 956
Option allocation price : R65.46
Total value of transaction : R1,502,699.76
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Keith Phillips
Company : National Brands Limited
Date of transaction : 1 December 2014
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 : 17 598
Option allocation price : R65.46
Total value of transaction : R1,151,965.08
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 : 1 December 2014
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 : 29 066
Option allocation price : R65.46
Total value of transaction : R1,902,660.36
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 : 1 December 2014
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 : 23 312
Option allocation price : R65.46
Total value of transaction : R1,526,003.52
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 : 1 December 2014
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 : 99 203
Option allocation price : R67.47
Total value of transaction : R6,693,226.41
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 : 1 December 2014
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 : 5 692
Option allocation price : R67.47
Total value of transaction : R384,039.24
Vesting period : 3 years
Nature and extent of
interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Illovo
1 December 2014
Sponsor
The Standard Bank of South Africa Limited
Date: 01/12/2014 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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