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AVI LIMITED - Dealing in AVI Shares by an AVI Director

Release Date: 31/12/2019 11:31
Code(s): AVI     PDF:  
Wrap Text
Dealing in AVI Shares by an AVI Director

AVI Limited
Registration Number 1944/017201/06
Share Code: AVI
ISIN: ZAE000049433
(“AVI” or “the Company”)

DEALING IN AVI SHARES BY AN AVI DIRECTOR

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            :   Michael Koursaris
Name of Company             :   AVI
Date of transaction         :   30 December 2019
Strike price and exercise
price per option            :   R83.06
Number of ordinary shares   :   64 097
Aggregate consideration     :   R5 323 896.82
Class of securities         :   Ordinary shares
Nature of transaction       :   Exercise of options granted in
                                April 2016
Extent of interest          :   Direct beneficial

The above transaction was done off-market.

Name of director            :   Michael Koursaris
Name of company             :   AVI
Date of transaction         :   30 December 2019
Price per unit              :   R91.00
Number of ordinary shares   :   64 097
Aggregate consideration     :   R5 832 827.00
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
31 December 2019

Sponsor
The Standard Bank of South Africa Limited

Date: 31-12-2019 11:31:00
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