AVU - Avusa Limited - Exercise of share-based incentives by and delivery
AVU
AVU
AVU - Avusa Limited - Exercise of share-based incentives by, and delivery
of shares to an executive director
AVUSA LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2008/002461/06)
Share code: AVU ISIN code: ZAE000115895
("Avusa")
EXERCISE OF SHARE-BASED INCENTIVES BY, AND DELIVERY OF SHARES TO AN
EXECUTIVE DIRECTOR
In compliance with paragraphs 3.63 - 3.70 of the Listings Requirements of
the JSE Limited, the following information relating to the exercise of
share-based incentives by, and the delivery of Avusa shares to, an
executive director, is disclosed:
Director Howard Benatar
Company of which a director Avusa
Date of exercise of conditional
awards 5 December 2011
Date of delivery of shares 8 December 2011
Exercise price R19,15 per conditional award
Allocation price Nil
Number of shares delivered 20 952 (with 8 381 shares subsequently
sold to settle employee`s tax)
Value of transaction R401 230,80 (before tax)
Nature of transaction Exercise of conditional awards in
terms of the Long
Term Incentive Plan 2008, and delivery
of Avusa shares
Class of securities Avusa ordinary shares
Extent of interest Direct beneficial
Written clearance to deal Yes
Johannesburg
9 December 2011
Sponsor
Nedbank Capital
Date: 09/12/2011 17:00:22 Produced by the JSE SENS Department.
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