AVI LIMITED - Dealing In AVI Shares By The Company Secretary

Release Date: 20/12/2017 11:59
Code(s): AVI
 
Wrap Text
Dealing In AVI Shares By The Company Secretary

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 THE COMPANY SECRETARY

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 company secretary   :   Sureya Scheepers
Date of transaction         :   18 December 2017
Strike price and exercise
price per option            :   R25.71
Number of ordinary shares   :   15 794
Aggregate consideration     :   R 406 063.74
Class of securities         :   Options in respect of ordinary
                                shares
Nature of transaction       :   Exercise of options granted in
                                October 2011 in respect of the AVI
                                Black Staff Empowerment Scheme Trust
Extent of interest          :   Direct beneficial

The above transaction was done off-market.

Name of company secretary   :   Sureya Scheepers
Date of transaction         :   18 December 2017
Price per unit              :   R108.00
Number of ordinary shares   :   15 794
Aggregate consideration     :   R 1 705 752.00
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.

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
20 December 2017

Sponsor
The Standard Bank of South Africa Limited

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