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AVI
AVI
AVI - AVI Limited - Acceptance of options by 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 OF MAJOR SUBSIDIARIES
In compliance with the Listings Requirements of the JSE Limited, the following
information is disclosed:
Director : Francois Kuttel
Company : Irvin & Johnson Holding Company (Pty) 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 ordinary shares
Number of options granted : 56,645
Option allocation price : R21.35
Vesting : In full on the third anniversary of allocation,
subject to performance measurement
Total value of transaction : R1,209,375.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Tony Dearling
Company : A&D Spitz (Pty) Ltd
Date of transaction : 20 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 : 32,787
Option allocation price : R21.35
Vesting : In full on the third anniversary of allocation,
subject to performance measurement
Total value of transaction : R700,000
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Illovo
20 December 2007
Sponsor
Standard Bank
Date: 20/12/2007 13:28:03 Produced by the JSE SENS Department.
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