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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 : 27 June 2008
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 : 97,194
Option allocation price : R14.47
Vesting : In full on the third anniversary of allocation,
subject to performance measurement
Total value of transaction : R1,406,400.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Owen Cressey
Company : AVI
Date of transaction : 27 June 2008
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 : 53,324
Option allocation price : R14.47
Vesting : In full on the third anniversary of allocation,
subject to performance measurement
Total value of transaction : R771,592.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Robert Katzen
Company : AVI
Date of transaction : 27 June 2008
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 : 25,622
Option allocation price : R14.47
Vesting : In full on the third anniversary of allocation,
subject to performance measurement
Total value of transaction : R370,755.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : David Hood
Company : National Brands Ltd
Date of transaction : 27 June 2008
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 : 91,431
Option allocation price : R14.47
Vesting : In full on the third anniversary of allocation,
subject to performance measurement
Total value of transaction : R1,323,000.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Mark Blanckenberg
Company : National Brands Ltd
Date of transaction : 27 June 2008
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 : 20,403
Option allocation price : R14.47
Vesting : In full on the third anniversary of allocation,
subject to performance measurement
Total value of transaction : R295,231.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Francois Kuttel
Company : Irvin & Johnson Holding Company (Pty) Ltd
Date of transaction : 27 June 2008
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 : 33,431
Option allocation price : R14.47
Vesting : In full on the third anniversary of allocation,
subject to performance measurement
Total value of transaction : R483,750.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : David Peisach
Company : Irvin & Johnson Holding Company (Pty) Ltd
Date of transaction : 27 June 2008
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 : 17,968
Option allocation price : R14.47
Vesting : In full on the third anniversary of allocation,
subject to performance measurement
Total value of transaction : R260,000.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Simon Crutchley
Company : AVI
Date of transaction : 27 June 2008
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 : 508,155
Option allocation price : R16.26
Vesting : In full on the third anniversary of allocation.
Total value of transaction : R8,262,600
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Robert Katzen
Company : AVI
Date of transaction : 27 June 2008
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 : 153,911
Option allocation price : R16.26
Vesting : In full on the third anniversary of allocation.
Total value of transaction : R2,502,596.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Keith Phillips
Company : National Brands Ltd
Date of transaction : 27 June 2008
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 : 61,439
Option allocation price : R16.26
Vesting : In full on the third anniversary of allocation.
Total value of transaction : R999,000.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Illovo
30 June 2008
Sponsor
Standard Bank
Date: 30/06/2008 10:47:01 Produced by the JSE SENS Department.
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