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AVI LIMITED - Dealings in securities

Release Date: 10/10/2019 12:30
Code(s): AVI     PDF:  
 
Wrap Text
Dealings in securities

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 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            :   Gaynor Poretti
Name of company             :   National Brands Limited
Date of transaction         :   9 October 2019
Strike price and exercise
price per option            :   R92.35
Number of ordinary shares   :   23 624
Aggregate consideration     :   R 2 181 676.40
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            :   Gaynor Poretti
Name of Company             :   National Brands Limited
Date of transaction         :   9 October 2019
Price per share             :   R81.20
Number of ordinary shares   :   23 624
Aggregate consideration     :   R 1 918 268.80
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
10 October 2019

Sponsor
The Standard Bank of South Africa Limited

Date: 10/10/2019 12:30:00
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