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AUA
AUA
AUA - Avusa Limited - Dealing In Securities By Directors And Company
Secretary
Avusa Limited
(formerly Johnnic Communications Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1889/000352/06)
Share Code: AUA & ISIN: ZAE000107090
("Avusa" or "the company")
DEALING IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY
In the general meeting of shareholders held on 18 March 2008, an ordinary
resolution to approve the treatment and subsequent termination of the
employee share incentive schemes operated by the company was passed by the
requisite majority
Consequently, and in terms of paragraphs 3.63 - 3.65 of the Listings
Requirements of the JSE Limited, the following information relating to the
dealing in securities by directors and the company secretary is disclosed:
Executive director Prakash Desai
Transaction date 18 March 2008 (vesting date 29
February 2008)
Number of securities 159 467
Nature of event Vesting of incentives as a result
of the termination of the employee
share incentive schemes
Transaction date 18 March 2008
Number of securities 77 050
Alexander Forbes valuation R43,96
per incentive
Nature of event Relinquishment of share incentives
in favour of bonus
Extent of interest Direct beneficial
Bonus R3 387 118
Transaction date 18 March 2008
Number of securities 31 152
Alexander Forbes valuation R28,69 (18 810 securities; 2006
per incentive grant)
R4,56 (12 342 securities; 2007
grant)
Nature of event Relinquishment of share
appreciation rights in favour of
bonus
Extent of interest Direct beneficial
Bonus R595 938
Transaction date 18 March 2008
Number of securities 31 152
Alexander Forbes valuation R43,96
per incentive
Nature of event Relinquishment of conditional
awards in favour of bonus
Extent of interest Direct beneficial
Bonus R1 369 442
Transaction date 18 March 2008
Number of securities 14 915
Alexander Forbes valuation R43,96
per incentive
Nature of event Relinquishment of conditional
matching awards in favour of bonus
Extent of interest Direct beneficial
Bonus R655 663
Executive director Howard Benatar
Transaction date 18 March 2008 (vesting date 29
February 2008)
Number of securities 39 610
Nature of event Vesting of incentives as a result
of the termination of the employee
share incentive schemes
Transaction date 18 March 2008
Number of securities 21 950
Alexander Forbes valuation per R43,96
incentive
Nature of event Relinquishment of share incentives
in favour of bonus
Extent of interest Direct beneficial
Bonus R964 922
Transaction date 18 March 2008
Number of securities 10 558
Alexander Forbes valuation per R28,69 (5 758 securities; 2006
incentive grant)
R4,56 (4 800 securities; 2007
grant)
Nature of event Relinquishment of share
appreciation rights in favour of
bonus
Extent of interest Direct beneficial
Bonus R187 085
Transaction date 18 March 2008
Number of securities 8 830
Alexander Forbes valuation per R43,96
incentive
Nature of event Relinquishment of conditional
awards in favour of bonus
Extent of interest Direct beneficial
Bonus R388 167
Company secretary Joanne Matisonn
Transaction date 18 March 2008 (vesting date 29
February 2008)
Number of securities 24 071
Nature of event Vesting of incentives as a result
of the termination of the employee
share incentive schemes
Transaction date 18 March 2008
Number of securities 4 664
Alexander Forbes valuation per R43,96
incentive
Nature of event Relinquishment of share incentives
in favour of bonus
Extent of interest Direct beneficial
Bonus R205 029
Transaction date 18 March 2008
Number of securities 8 510
Alexander Forbes valuation per R28,69 (5 760 securities; 2006
incentive grant)
R4,56 (2 750 securities; 2007
grant)
Nature of event Relinquishment of share
appreciation rights in favour of
bonus
Extent of interest Direct beneficial
Bonus R177 794
Transaction date 18 March 2008
Number of securities 4 728
Alexander Forbes valuation per R43,96
incentive
Nature of event Relinquishment of conditional
awards in favour of bonus
Extent of interest Direct beneficial
Bonus R207 843
Shareholders are also advised that the total cash cost to the company to
terminate the employee share incentive schemes is approximately R160 million.
Johannesburg
20 March 2008
Sponsor
Nedbank Capital
Date: 20/03/2008 16:29:49 Produced by the JSE SENS Department.
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