AVI LIMITED - Acceptance Of Share Options By AVI Directors, Directors Of Major Subsidiaries And The AVI Company Secretary

Release Date: 20/12/2017 10:50
Code(s): AVI
 
Wrap Text
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          :   18 December 2017
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    :   50 336
Option allocation price      :   R98.57
Total value of transaction   :   R4,961,619.52
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          :   18 December 2017
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    :   26 645
Option allocation price      :   R98.57
Total value of transaction   :   R2,626,397.65
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          :   18 December 2017
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    :   19 178
Option allocation price      :   R98.57
Total value of transaction   :   R1,890,375.46
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          :   18 December 2017
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    :   23 334
Option allocation price      :   R98.57
Total value of transaction   :   R2,300,032.38
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          :   18 December 2017
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    :   22 723
Option allocation price      :   R98.57
Total value of transaction   :   R2,239,806.11
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          :   18 December 2017
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    :   18 141
Option allocation price      :   R98.57
Total value of transaction   :   R1,788,158.37
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes

Director                     :   Owen Cressey
Company                      :   AVI
Date of transaction          :   20 December 2017
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    :   104 767
Option allocation price      :   R97.77
Total value of transaction   :   R10,243,069.59
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 Scheepers
Company                      :   AVI
Date of transaction          :   20 December 2017
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    :   12 357
Option allocation price      :   R97.77
Total value of transaction   :   R1,208,143.89
Vesting period               :   3 years
Nature and extent of
interest                   :   Direct beneficial
On-market or off-market    :   Off-market
Clearance obtained         :   Yes



Illovo
20 December 2017
Sponsor
The Standard Bank of South Africa Limited

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