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AVI LIMITED - Director's dealing in securities

Release Date: 02/11/2016 14:45
Code(s): AVI
Wrap Text
Director's dealing 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         :   1 November 2016
Strike price and exercise
price per option            :   R45.49
Number of ordinary shares   :   207 160
Aggregate consideration     :   R 9 423 708.40
Class of securities         :   Options in respect of ordinary
                                shares
Nature of transaction       :   Exercise of options granted in
                                April 2012
Extent of interest          :   Direct beneficial

The above transaction was done off-market.

Director                    :   Simon Crutchley
Date of transaction         :   1 November 2016
Price per unit              :   R94.56
Number of ordinary shares   :   207 160
Aggregate consideration     :   R 19 589 049.60
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.

This sale relates to shares which are approaching their lapse
date, in terms of the AVI Limited Executive Share Incentive
Scheme. Simon Crutchley continues to hold 800 000 AVI shares in
his own name, as well as 699 781 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
2 November 2016

Sponsor
The Standard Bank of South Africa Limited

Date: 02/11/2016 02:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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