AVIOR CAPITAL MARKETS HOLDINGS LIMITED - Dealing in Avior Holdings securities by directors and/or their associates

Release Date: 11/09/2018 17:10
Code(s): AVR
 
Wrap Text
Dealing in Avior Holdings securities by directors and/or their associates

AVIOR CAPITAL MARKETS HOLDINGS LIMITED
(previously Jamispan Proprietary Limited)
Incorporated in the Republic of South Africa
Registration number: 2015/086358/06
JSE Share Code: AVR
ISIN: ZAE000211637
(“Avior Holdings” or “the Company”)


  DEALING IN AVIOR HOLDINGS SECURITIES BY DIRECTORS AND/OR THEIR ASSOCIATES



Shareholders of Avior Holdings (“Shareholders”) are referred to the announcement published by the
Company on the JSE Limited’s (“JSE”) Stock Exchange News Service dated 13 March 2018, in terms of
which the Company advised Shareholders of the adoption of the Avior Holdings Employee Retention
Plan (“Retention Plan”) and the Avior Holdings Employee Performance and Retention Plan
(“Performance Plan”), both being share incentive schemes complying with Schedule 14 of the JSE
Listings Requirements (“Avior Holdings Employee Plans”). Shareholders are further advised that, in
terms of the Avior Holdings Employee Plans, the total value of an award and the number of shares
vesting in terms thereof are subject to the prevailing market value of the Company’s share price on
the relevant vesting date and the tax calculations provided for in the Avior Holdings Employee Plans.

In compliance with paragraph 3.63 to 3.74 of the JSE Limited Listings Requirements, the following
information is disclosed regarding the dealing in Avior Holdings securities by the directors of the
Company and/or their associates pursuant to the Avior Holdings Employee Plans:

1. RETENTION PLAN

 NAME OF THE DIRECTOR:                                                       Justin Charles Larsen
 COMPANY OF WHICH I AM A DIRECTOR:                         Avior Capital Markets Holdings Limited
 STATUS: EXECUTIVE / NON-EXECUTIVE:                                             Financial Director
 TYPE OF SECURITY:                                                                          Shares
 CLASS OF SECURITY:                                                               Ordinary Shares
 DATE OF THE TRANSACTION                                                       5 September 2018
 NUMBER OF SHARES:                                                     (Deemed Number) 122 221
 PRICE PER SHARE:                                         (Assuming Prevailing Share Price) R0.35
 TOTAL VALUE OF TRANSACTION:                                          (Deemed Value) R42 777.35
 VESTING DATES:                                                                     6 August 2021
                                                                                    6 August 2022
                                                                                    6 August 2023
 NATURE OF TRANSACTION:                             Acceptance of award under the Retention Plan
                                                                          (On-market transaction)
 NATURE AND EXTENT OF DIRECTOR’S INTEREST                                         Direct beneficial
 IN THE TRANSACTION:
 CONFIRMATION THAT CLEARANCE HAS BEEN                              Yes, clearance has been granted
 GIVEN IN TERMS OF PARAGRAPH 3.66 OF THE
 JSE LISTINGS REQUIREMENTS

2. PERFORMANCE PLAN

 NAME OF THE DIRECTOR:                                                       Justin Charles Larsen
 COMPANY OF WHICH I AM A DIRECTOR:                          Avior Capital Markets Holdings Limited
 STATUS: EXECUTIVE / NON-EXECUTIVE:                                             Financial Director
 TYPE OF SECURITY:                                                                          Shares
 CLASS OF SECURITY:                                                                Ordinary Shares
 DATE OF THE TRANSACTION                                                          5 September 2018
 NUMBER OF SHARES:                                                         (Deemed Number) 183 332
 PRICE PER SHARE:                                          (Assuming Prevailing Share Price) R0.35
 TOTAL VALUE OF TRANSACTION:                                             (Deemed Value) R64 166.20
 VESTING DATES:                                                                      6 August 2021
                                                                                     6 August 2022
                                                                                     6 August 2023
 NATURE OF TRANSACTION:                                  Acceptance of award under the Performance
                                                                                              Plan
                                                                            (On-market transaction)
 NATURE AND EXTENT OF DIRECTOR’S INTEREST                                         Direct beneficial
 IN THE TRANSACTION:
 CONFIRMATION THAT CLEARANCE HAS BEEN                               Yes, clearance has been granted
 GIVEN IN TERMS OF PARAGRAPH 3.66 OF THE
 JSE LISTINGS REQUIREMENTS

3. ON-MARKET PURCHASE OF SHARES BY DIRECTORS

 NAME OF THE DIRECTOR:                                                            Peter Koutromanos
 COMPANY OF WHICH I AM A DIRECTOR:                           Avior Capital Markets Holdings Limited
 STATUS: EXECUTIVE / NON-EXECUTIVE:                                         Chief Executive Officer
 TYPE OF SECURITY:                                                                           Shares
 CLASS OF SECURITY:                                                                 Ordinary Shares
 DATE OF THE TRANSACTION                                                           7 September 2018
 NUMBER OF SHARES:                                                                           17 952
 PRICE PER SHARE:                                                                             R0.35
 TOTAL VALUE OF TRANSACTION:                                                              R6 283.20
 NATURE OF TRANSACTION:                                                          Purchase of shares
                                                                           (Off-market transaction)
 NATURE AND EXTENT OF DIRECTOR’S INTEREST                                       Indirect beneficial
 IN THE TRANSACTION:
 NAME OF THE ASSOCIATE: AND RELATIONSHIP               Stately Horse Properties Proprietary Limited
 WITH DIRECTOR:                                         Mr. Koutromanos is the sole director and an
                                                         associate of the beneficial shareholder of
                                                       Stately Horse Properties Proprietary Limited

 CONFIRMATION THAT CLEARANCE HAS BEEN                               Yes, clearance has been granted
 GIVEN IN TERMS OF PARAGRAPH 3.66 OF THE
 JSE LISTINGS REQUIREMENTS


 NAME OF THE DIRECTOR:                                                               Kevin Mattison
 COMPANY OF WHICH I AM A DIRECTOR:                           Avior Capital Markets Holdings Limited
 STATUS: EXECUTIVE / NON-EXECUTIVE:                                               Managing Director
 TYPE OF SECURITY:                                                                           Shares
 CLASS OF SECURITY:                                                                 Ordinary Shares
 DATE OF THE TRANSACTION:                                                          7 September 2018
 NUMBER OF SHARES:                                                                            9 553
 PRICE PER SHARE:                                                                             R0.35
 TOTAL VALUE OF TRANSACTION:                                                              R3 343.55
 NATURE OF TRANSACTION:                                                          Purchase of Shares
                                                                            (Off-market transaction)
 NATURE AND EXTENT OF DIRECTOR’S INTEREST                                Direct beneficial
 IN THE TRANSACTION:
 CONFIRMATION THAT CLEARANCE HAS BEEN                               Yes, clearance has been granted
 GIVEN IN TERMS OF PARAGRAPH 3.66 OF THE
 JSE LISTINGS REQUIREMENTS

Sandton
11 September 2018

Designated Advisor:

Pallidus Capital Proprietary Limited

Date: 11/09/2018 05:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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