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AVI
AVI
AVI - AVI Limited - Acceptance By Directors And Officers Of Annual Option
Allocations
AVI Limited
(Registration number 1944/017201/06)
Share code: AVI
ISIN: ZAE000049433
("AVI" or "the Group")
ACCEPTANCE BY DIRECTORS AND OFFICERS OF ANNUAL OPTION ALLOCATIONS
In compliance with the Listings Requirements of the JSE Limited, the following
information is disclosed with respect to options allocated annually to
participants who are on the October cycle:
Director : Simon Crutchley
Company : AVI
Date of transaction : 22 October 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 : 153,355
Option allocation price : R15.65
Vesting : In full on the third anniversary of allocation,
subject to performance measurement
Total value of transaction : R2,400,005.75
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Owen Cressey
Company : AVI
Date of transaction : 22 October 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 : 70,873
Option allocation price : R15.65
Vesting : In full on the third anniversary of allocation,
subject to performance measurement
Total value of transaction : R1,109,162.45
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Robert Katzen
Company : AVI
Date of transaction : 22 October 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 : 64,556
Option allocation price : R15.65
Vesting : In full on the third anniversary of allocation,
subject to performance measurement
Total value of transaction : R1,010,301.40
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Owen Cressey
Company : AVI
Date of transaction : 22 October 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 : 231,661
Option allocation price : R15.80
Vesting : In full on the third anniversary of allocation
Total value of transaction : R3,660,243.80
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Company Secretary : Mande Ndema
Company : AVI
Date of transaction : 22 October 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 : 12,003
Option allocation price : R15.80
Vesting : In full on the third anniversary of allocation
Total value of transaction : R189,647.40
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Illovo
23 October 2008
Sponsor
Standard Bank
Date: 23/10/2008 17:50:10 Produced by the JSE SENS Department.
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