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AVI LIMITED - Dealing In AVI Shares By An AVI Director And A Director Of A Major Subsidiary

Release Date: 02/11/2018 17:05
Code(s): AVI     PDF:  
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Dealing In AVI Shares By An AVI Director And A Director Of A Major Subsidiary

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 AN AVI DIRECTOR AND A DIRECTOR OF A
MAJOR SUBSIDIARY

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         :   1 November 2018
Strike price and exercise
price per option            :   R81.56
Number of ordinary shares   :   82 065
Aggregate consideration     :   R 6 693 221.40
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            :   Owen Cressey
Date of transaction         :   1 November 2018
Price per unit              :   R101.41
Number of ordinary shares   :   82 065
Aggregate consideration     :   R 8 322 221.65
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.


Name of director            :   John Jankovich-Besan
Company                     :   Irvin & Johnson Holding Company
                                (Pty) Ltd
Date of transaction         :   1 November 2018
Strike price and exercise
price per option            :   R81.56
Number of ordinary shares   :   60 621
Aggregate consideration     :   R 4 944 248.76
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            :   John Jankovich-Besan
Company                     :   Irvin & Johnson Holdings Company
                                (Pty) Ltd
Date of transaction         :   1 November 2018
Price per unit              :   R101.00
Number of ordinary shares   :   60 621
Aggregate consideration     :   R 6 122 721.00
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
2 November 2018

Sponsor
The Standard Bank of South Africa Limited

Date: 02/11/2018 05:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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