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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 : 19 December 2016
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 : 49 978
Option allocation price : R92.35
Total value of transaction : R4,615,468.30
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 : 19 December 2016
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 : 26 333
Option allocation price : R92.35
Total value of transaction : R2,431,852.55
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 : 19 December 2016
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 : 19 042
Option allocation price : R92.35
Total value of transaction : R1,758,528.70
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 : 19 December 2016
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 : 19 687
Option allocation price : R92.35
Total value of transaction : R1,818,094.45
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 : 19 December 2016
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 : 14 684
Option allocation price : R92.35
Total value of transaction : R1,356,067.40
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 : 19 December 2016
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 : 24 253
Option allocation price : R92.35
Total value of transaction : R2,239,764.55
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 : 19 December 2016
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 : 19 363
Option allocation price : R92.35
Total value of transaction : R1,788,173.05
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 : 19 December 2016
Nature of transaction : Acceptance of options in the AVI
Revised Executive Share Incentive
Scheme
Class of securities : Options in respect of ordinary
shares
Number of options granted : 100 822
Option allocation price : R94.07
Total value of transaction : R9,484,325.54
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 : 19 December 2016
Nature of transaction : Acceptance of options in the AVI
Revised Executive Share Incentive
Scheme
Class of securities : Options in respect of ordinary
shares
Number of options granted : 11 947
Option allocation price : R94.07
Total value of transaction : R1,123,854.29
Vesting period : 3 years
Nature and extent of
interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Simon Crutchley
Company : AVI
Date of transaction : 19 December 2016
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 74 892
Option allocation price : R88.59
Total value of transaction : R6,634,682.28
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 : 19 December 2016
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 33 003
Option allocation price : R88.59
Total value of transaction : R2,923,735.77
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 : 19 December 2016
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 24 003
Option allocation price : R88.59
Total value of transaction : R2,126,425.77
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 : 19 December 2016
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 7 726
Option allocation price : R88.59
Total value of transaction : R684,446.34
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 : 19 December 2016
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 6 086
Option allocation price : R88.59
Total value of transaction : R539,158.74
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 : 19 December 2016
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 8 023
Option allocation price : R88.59
Total value of transaction : R710,757.57
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Jonty Jankovich-Besan
Company : Irvin & Johnson Holding Company
(Pty) Ltd
Date of transaction : 19 December 2016
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 3 043
Option allocation price : R88.59
Total value of transaction : R269,579.37
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Sureya Naidoo
Company : AVI
Date of transaction : 19 December 2016
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 1 687
Option allocation price : R88.59
Total value of transaction : R149,451.33
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Illovo
19 December 2016
Sponsor
The Standard Bank of South Africa Limited
Date: 19/12/2016 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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