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AVI LIMITED - Director's dealings in securities

Release Date: 31/10/2016 13:30
Code(s): AVI     PDF:  
Wrap Text
Director's dealings in securities

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 AN AVI DIRECTOR

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            :   Simon Crutchley
Date of transaction         :   28 October 2016
Strike price and exercise
price per option            :   R57.86
Number of ordinary shares   :   16 177
Aggregate consideration     :   R 936 001.22
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            :   Simon Crutchley
Date of transaction         :   28 October 2016
Average price per share     :   R91.87
Number of ordinary shares   :   16 177
Aggregate consideration     :   R 1 486 180.99
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.

This sale relates to shares awarded in October 2016 in terms of
the   AVI   Limited  Out-Performance   Scheme,  which   requires
participants to deal in the shares awarded within a limited time
period. Simon Crutchley continues to hold 800 000 AVI shares in
his own name, as well as 906 941 AVI Executive Share Options and
111 263 AVI Out-Performance Scheme Options.

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
31 October 2016
Sponsor
The Standard Bank of South Africa Limited

Date: 31/10/2016 01:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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