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AVI
AVI
AVI - AVI Limited - Acceptance Of Options By Directors Of AVI 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 OF AVI 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 : 26 June 2009
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 : 590,823
Option allocation price : R15.91
Vesting : In full on the third anniversary of allocation
Total value of transaction : R9,399,993.93
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Robert Katzen
Company : AVI
Date of transaction : 26 June 2009
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 : 209,555
Option strike price : R15.91
Vesting : In full on the third anniversary of allocation
Total value of transaction : R3,334,020.05
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Keith Phillips
Company : National Brands Ltd
Date of transaction : 26 June 2009
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 : 83,721
Option allocation price : R15.91
Vesting : In full on the third anniversary of allocation
Total value of transaction : R1,332,001.11
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : David Hood
Company : National Brands Ltd
Date of transaction : 26 June 2009
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 : 129,660
Option allocation price : R15.91
Vesting : In full on the third anniversary of allocation
Total value of transaction : R2,062,890.60
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Illovo
26 June 2009
Sponsor
Standard Bank
Date: 26/06/2009 10:32:01 Produced by the JSE SENS Department.
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