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AVI
AVI
AVI - AVI Limited - Acceptance of options by directors and directors of major
subsidiaries
AVI Limited
(Registration number 1944/017201/06)
Share code: AVI
ISIN: ZAE000049433
("AVI" or "the Group")
ACCEPTANCE OF OPTIONS BY DIRECTORS AND DIRECTORS OF MAJOR SUBSIDIARIES
In compliance with the Listings Requirements of the JSE Limited, the following
information is disclosed:
Director : Simon Crutchley
Company : AVI
Date of transaction : 14 December 2007
Nature of transaction : Acceptance of options in the AVI Out-Performance
Scheme
Class of securities : Options in respect of ordinary shares
Number of options granted : 98,810
Option allocation price : R21.35
Vesting : In full on the third anniversary of allocation,
subject to performance measurement
Total value of transaction : R2,109,600.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Robert Lunt
Company : A&D Spitz (Pty) Ltd
Date of transaction : 14 December 2007
Nature of transaction : Acceptance of options in the AVI Out-Performance
Scheme
Class of securities : Options in respect of ordinary shares
Number of options granted : 51,844
Option allocation price : R21.35
Vesting : In full on the third anniversary of allocation,
subject to performance measurement
Total value of transaction : R1,106,875.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Mark Blanckenberg
Company : National Brands Ltd
Date of transaction : 14 December 2007
Nature of transaction : Acceptance of options in the AVI Out-Performance
Scheme
Class of securities : Options in respect of ordinary shares
Number of options granted : 34,570
Option allocation price : R21.35
Vesting : In full on the third anniversary of allocation,
subject to performance measurement
Total value of transaction : R738,078.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Company Secretary : Mande Ndema
Company : AVI
Date of transaction : 14 December 2007
Nature of transaction : Acceptance of options in the AVI Executive Share
Incentive Scheme
Class of securities : Options in respect of ordinary shares
Number of options granted : 8,286
Option strike price : R21.12
Vesting : In full on the third anniversary of allocation.
Total value of transaction : R175,000.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Owen Cressey
Company : AVI
Date of transaction : 18 December 2007
Nature of transaction : Acceptance of options in the AVI Executive Share
Incentive Scheme
Class of securities : Options in respect of ordinary shares
Number of options granted : 114,168
Option strike price : R21.12
Vesting : In full on the third anniversary of allocation.
Total value of transaction : R2,411,226.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Owen Cressey
Company : AVI
Date of transaction : 18 December 2007
Nature of transaction : Acceptance of options in the AVI Out-Performance
Scheme
Class of securities : Options in respect of ordinary shares
Number of options granted : 45,175
Option allocation price : R21.35
Vesting : In full on the third anniversary of allocation,
subject to performance measurement
Total value of transaction : R964,491.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : David Hood
Company : National Brands Ltd
Date of transaction : 18 December 2007
Nature of transaction : Acceptance of options in the AVI Out-Performance
Scheme
Class of securities : Options in respect of AVI ordinary shares
Number of options granted : 51,639
Option allocation price : R21.35
Vesting : In full on the third anniversary of allocation,
subject to performance measurement
Total value of transaction : R1,102,500.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Sue O`Keeffe
Company : Indigo Cosmetics (Pty) Ltd
Date of transaction : 18 December 2007
Nature of transaction : Acceptance of options in the AVI Out-Performance
Scheme
Class of securities : Options in respect of AVI ordinary shares
Number of options granted : 35,410
Option allocation price : R21.35
Vesting : In full on the third anniversary of allocation,
subject to performance measurement
Total value of transaction : R756,000.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Donnee MacDougall
Company : National Brands Ltd
Date of transaction : 19 December 2007
Nature of transaction : Acceptance of options in the AVI Out-Performance
Scheme
Class of securities : Options in respect of AVI ordinary shares
Number of options granted : 44,438
Option allocation price : R21.35
Vesting : In full on the third anniversary of allocation,
subject to performance measurement
Total value of transaction : R948,750.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Illovo
19 December 2007
Sponsor
Standard Bank
Date: 19/12/2007 11:18:12 Produced by the JSE SENS Department.
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