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AVI LIMITED - Acceptance of Share Options by AVI Directors, Directors of Major Subsidiaries and the AVI Company Secretary

Release Date: 09/10/2020 13:03
Code(s): AVI     PDF:  
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Acceptance of Share Options by AVI Directors, Directors of Major Subsidiaries and the AVI Company Secretary

AVI Limited
(Incorporated in the Republic of South Africa)
Registration Number 1944/017201/06
Share Code: AVI
ISIN: ZAE000049433
(“AVI” or “the Company”)

ACCEPTANCE OF SHARE OPTIONS BY AVI DIRECTORS, DIRECTORS OF MAJOR
SUBSIDIARIES AND THE AVI COMPANY SECRETARY

In compliance with sections 3.63 – 3.74 of the Listings
Requirements of the JSE Limited, the following information is
disclosed:

Director                     :   Simon Crutchley
Company                      :   AVI
Date of transaction          :   9 October 2020
Nature of transaction        :   Acceptance of options in the AVI
                                 Deferred Bonus Share Plan
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   29 496
Option allocation price      :   R74.52
Total value of transaction   :   R2,198,041.92
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes


Director                     :   Owen Cressey
Company                      :   AVI
Date of transaction          :   9 October 2020
Nature of transaction        :   Acceptance of options in the AVI
                                 Deferred Bonus Share Plan
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   11 128
Option allocation price      :   R74.52
Total value of transaction   :   R829,258.56
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes


Director                     :   Michael Koursaris
Company                      :   AVI
Date of transaction          :   9 October 2020
Nature of transaction        :   Acceptance of options in the AVI
                                 Deferred Bonus Share Plan
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   8 010
Option allocation price      :   R74.52
Total value of transaction   :   R596,905.20
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes


Director                     :   David Hood
Company                      :   National Brands Limited
Date of transaction          :   9 October 2020
Nature of transaction        :   Acceptance of options in the AVI
                                 Deferred Bonus Share Plan
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   12 301
Option allocation price      :   R74.52
Total value of transaction   :   R916,670.52
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes


Director                     :   Gaynor Poretti
Company                      :   National Brands Limited
Date of transaction          :   9 October 2020
Nature of transaction        :   Acceptance of options in the AVI
                                 Deferred Bonus Share Plan
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   11 614
Option allocation price      :   R74.52
Total value of transaction   :   R865,475.28
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes


Director                     :   Roelf van der Laan
Company                      :   National Brands Limited
Date of transaction          :   9 October 2020
Nature of transaction        :   Acceptance of options in the AVI
                                 Deferred Bonus Share Plan
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   4 520
Option allocation price      :   R74.52
Total value of transaction   :   R336,830.40
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes


Director                     :   Jonty Jankovich-Besan
Company                      :   Irvin & Johnson Holding Company
                                 (Pty) Ltd
Date of transaction          :   9 October 2020
Nature of transaction        :   Acceptance of options in the AVI
                                 Deferred Bonus Share Plan
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   1 679
Option allocation price      :   R74.52
Total value of transaction   :   R125,119.08
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes


Director                     :   Brendon Lucke
Company                      :   Irvin & Johnson Holding Company
                                 (Pty) Ltd
Date of transaction          :   9 October 2020
Nature of transaction        :   Acceptance of options in the AVI
                                 Deferred Bonus Share Plan
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   1 319
Option allocation price      :   R74.52
Total value of transaction   :   R98,291.88
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes


Company Secretary            :   Sureya Scheepers
Company                      :   AVI
Date of transaction          :   9 October 2020
Nature of transaction        :   Acceptance of options in the AVI
                                 Deferred Bonus Share Plan
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   771
Option allocation price      :   R74.52
Total value of transaction   :   R57,454.92
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes


Illovo
9 October 2020

Sponsor
The Standard Bank of South Africa Limited

Date: 09-10-2020 01:03:00
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