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AVI LIMITED - Dealing in AVI shares by a Director of a major subsidiary

Release Date: 06/10/2016 13:35
Code(s): AVI     PDF:  
Wrap Text
Dealing in AVI shares by a Director of a major subsidiary

AVI Limited
(Incorporated in the Republic of South Africa)
Registration Number 1944/017201/06
Share Code: AVI
ISIN: ZAE000049433
(“AVI” or “the Company”)

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         :   5 October 2016
Strike price and exercise
price per option            :   R57.86
Number of ordinary shares   :   73 759
Aggregate consideration     :   R 4 267 695.74
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         :   5 October 2016
Price per unit              :   R95.89
Number of ordinary shares   :   73 759
Aggregate consideration     :   R 7 072 750.51
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.

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
6 October 2016

Sponsor
The Standard Bank of South Africa Limited

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