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AVI LIMITED - Acceptance of Share Options by AVI Directors and Directors of a Major Subsidiary

Release Date: 28/06/2016 08:00
Code(s): AVI     PDF:  
Wrap Text
Acceptance of Share Options by AVI Directors and Directors of a Major Subsidiary

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 AND DIRECTORS OF A
MAJOR SUBSIDIARY

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          :   27 June 2016
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    :   199 671
Option allocation price      :   R83.06
Total value of transaction   :   R16,584,673.26
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          :   27 June 2016
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    :   64 097
Option allocation price      :   R83.06
Total value of transaction   :   R5,323,896.82
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          :   27 June 2016
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    :   30 096
Option allocation price      :   R83.06
Total value of transaction   :   R2,499,773.76
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes


Director                     :   David Hood
Company                      :   National Brands Limited
Date of transaction          :   27 June 2016
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    :   81 641
Option allocation price      :   R83.06
Total value of transaction   :   R6,781,101.46
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes


Illovo
28 June 2016
Sponsor
The Standard Bank of South Africa Limited

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