AVI LIMITED - Dealing In AVI Shares By AVI Directors

Release Date: 14/12/2017 12:05
Code(s): AVI
 
Wrap Text
Dealing In AVI Shares By AVI Directors

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 AVI DIRECTORS


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         :   13 December 2017
Strike price and exercise
price per option            :   R67.47
Number of ordinary shares   :   68 218
Aggregate consideration     :   R 4 602 668.46
Class of securities         :   Options in respect of ordinary
                                shares
Nature of transaction       :   Exercise of options granted in
                                October 2014
Extent of interest          :   Direct beneficial

The above transaction was done off-market.

Director                    :   Owen Cressey
Date of transaction         :   13 December 2017
Price per unit              :   R104.50
Number of ordinary shares   :   68 218
Aggregate consideration     :   R 7 128 781.00
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.

Name of director            :   Michael Koursaris
Date of transaction         :   13 December 2017
Strike price and exercise
price per option            :   R65.46
Number of ordinary shares   :   68 145
Aggregate consideration     :   R 4 460 771.70
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            :   Michael Koursaris
Date of transaction         :   13 December 2017
Price per unit              :   R104.10
Number of ordinary shares   :   68 145
Aggregate consideration     :   R 7 093 894.50
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.

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
14 December 2017

Sponsor
The Standard Bank of South Africa Limited

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