AVU
AVU
AVU - Avusa - Withdrawal Of announcements
AVUSA LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2008/002461/06)
Share code: AVU & ISIN code: ZAE000115895
("Avusa")
WITHDRAWAL OF ANNOUNCEMENTS
Shareholders are referred to the two announcements released on SENS on 3
August 2010 regarding the grant and acceptance of share-based incentives to
executive directors, the company secretary and directors of a major
subsidiary of Avusa.
On 3 August 2010, Avusa advised of a share incentive allocation made in
terms of an annual rolling scheme. Share incentives are granted at the same
time of each year which is after the publication of Avusa`s year-end
results. The remuneration, human resources and transformation committee of
Avusa considered the 2010 share incentive grants and the grants were tabled
at the Avusa board which confirmed that they may take place after the
release of Avusa`s 2010 year-end financial results.
Having recognised the cautionary announcement in respect of the proposed
acquisition of Universal Printing Group (Proprietary) Limited and Hirt &
Carter (Proprietary) Limited, Avusa has withdrawn all of the 2010 share
incentives granted. New grant letters will be re-issued after the expiry of
the closed period.
Johannesburg
5 August 2010
Sponsor
Nedbank Capital
Date: 05/08/2010 16:38:01 Produced by the JSE SENS Department.
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