ALVIVA HOLDINGS LIMITED - Acceptance of forfeitable share grants to directors of a major subsidiary

Release Date: 03/07/2018 14:49
Code(s): AVV
 
Wrap Text
Acceptance of forfeitable share grants to directors of a major subsidiary

Alviva 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 OF A MAJOR SUBSIDIARY

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           2 July 2018
                              Off-market acceptance of forfeitable share grants vesting on or
 Nature of transaction
                              after 2 July 2021
 Class of securities          Alviva ordinary shares
 Number of forfeitable shares 100 000
 Award price                  R18.68
 Total value of award         R1 868 000
 Nature of interest           Direct beneficial
 Clearance obtained           Yes

 Name                                  E Naidoo
 Office held                           Executive director
 Company                               Datacentrix (Pty) Ltd
 Date of acceptance                    2 July 2018
                                       Off-market acceptance of forfeitable share grants vesting on or
 Nature of transaction
                                       after 2 July 2021
 Class of securities                   Alviva ordinary shares
 Number of forfeitable shares          50 000
 Award price                           R18.68
 Total value of award                  R934 000
 Nature of interest                    Direct beneficial
 Clearance obtained                    Yes

 Name                                  JH Coetzee
 Office held                           Executive director
 Company                               Datacentrix (Pty) Ltd
 Date of acceptance                    2 July 2018
                                       Off-market acceptance of forfeitable share grants vesting on or
 Nature of transaction
                                       after 2 July 2021
 Class of securities                   Alviva ordinary shares
 Number of forfeitable shares          40 000
 Award price                           R18.68
 Total value of award                  R747 200
 Nature of interest                    Direct beneficial
 Clearance obtained                    Yes
Midrand
3 July 2018


Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd

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