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AVI
AVI
AVI - AVI Limited - Acceptance of share options by AVI directors and directors
of major subsidiaries
AVI Limited
(Registration Number 1944/017201/06)
Share Code: AVI
ISIN: ZAE000049433
("AVI")
ACCEPTANCE OF SHARE OPTIONS BY AVI DIRECTORS AND DIRECTORS OF MAJOR SUBSIDIARIES
In compliance with Rules 3.63 - 3.74 of the Listings Requirements of the JSE
Limited, the following information is disclosed:
Director : Simon Crutchley
Company : AVI
Date of transaction : 22 June 2011
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: 380,095
Option allocation price : R29.38
Total value of transaction: R11,167,191.10
Vesting period : 3 years
Nature and extent of
Director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Keith Phillips
Company : National Brands Limited
Date of transaction : 22 June 2011
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: 57,373
Option allocation price : R29.38
Total value of transaction: R1,685,618.74
Vesting period : 3 years
Nature and extent of
Director`s interest : Direct beneficial
Clearance obtained : Yes
Director : David Hood
Company : National Brands Limited
Date of transaction : 22 June 2011
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: 163,038
Option allocation price : R29.38
Total value of transaction: R4,790,056.44
Vesting period : 3 years
Nature and extent of
Director`s interest : Direct beneficial
Clearance obtained : Yes
Illovo
23 June 2011
Sponsor
Standard Bank
Date: 23/06/2011 08:40:00 Produced by the JSE SENS Department.
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