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ALVIVA HOLDINGS LIMITED - Acceptance of forfeitable share grants to directors

Release Date: 03/10/2017 13:30
Code(s): AVV     PDF:  
Wrap Text
Acceptance of forfeitable share grants to directors

Alviva Holdings Limited
(Formerly Pinnacle Holdings Limited)
(Incorporated in the Republic of South Africa)
Registration number 1986/000334/06
Share Code: AVV
ISIN: ZAE000227484
(“Alviva” or “The Company”)

ACCEPTANCE OF FORFEITABLE SHARE GRANTS TO DIRECTORS

In compliance with the JSE Limited Listings Requirements, the following information is disclosed:

 DIRECTORS OF MAJOR SUBSIDIARIES
 Name                         AS Mahomed
 Office held                  Executive director
 Company                      Datacentrix (Pty) Ltd
 Date of acceptance           28 September 2017
                              Off-market acceptance of conditional share grants vesting on or
 Nature of transaction
                              after 13 September 2020
 Class of securities          Ordinary shares
 Number of forfeitable shares 70 000
 Award price                  R19.50
 Total value of award         R1 365 000
 Nature of interest           Direct beneficial
 Clearance obtained           Yes

 Name                                  E Naidoo
 Office held                           Executive director
 Company                               Datacentrix (Pty) Ltd
 Date of acceptance                    28 September 2017
                                       Off-market acceptance of conditional share grants vesting on or
 Nature of transaction
                                       after 13 September 2020
 Class of securities                   Ordinary shares
 Number of forfeitable shares          35 000
 Award price                           R19.50
 Total value of award                  R682 500
 Nature of interest                    Direct beneficial
 Clearance obtained                    Yes

 Name                                  JH Coetzee
 Office held                           Executive director
 Company                               Datacentrix (Pty) Ltd
 Date of acceptance                    28 September 2017
                                       Off-market acceptance of conditional share grants vesting on or
 Nature of transaction
                                       after 13 September 2020
 Class of securities                   Ordinary shares
 Number of forfeitable shares          35 000
 Award price                           R19.50
 Total value of award                  R682 500
 Nature of interest                    Direct beneficial
 Clearance obtained                    Yes
Midrand
3 October 2017


Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd

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