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AVI LIMITED - Dealing in AVI shares by an AVI director

Release Date: 30/12/2016 11:00
Code(s): AVI     PDF:  
Wrap Text
Dealing in AVI shares by an AVI director

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            :   Owen Cressey
Date of transaction         :   29 December 2016
Strike price and exercise
price per option            :   R58.50
Number of ordinary shares   :   72 145
Aggregate consideration     :   R 4 220 482.50
Class of securities         :   Options in respect of ordinary
                                shares
Nature of transaction       :   Exercise of options granted in
                                October 2013
Extent of interest          :   Direct beneficial

The above transaction was done off-market.

Director                    :   Owen Cressey
Date of transaction         :   29 December 2016
Price per unit              :   R91.41
Number of ordinary shares   :   72 145
Aggregate consideration     :   R 6 594 774.45
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.

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
30 December 2016

Sponsor
The Standard Bank of South Africa Limited

Date: 30/12/2016 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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