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AVI 201806250058A
Acceptance Of Share Appreciation Rights (“SARs”) By AVI Directors And Directors Of A Major Subsidiary
AVI Limited
Incorporated in the Republic of South Africa
Registration Number 1944/017201/06
Share Code: AVI
ISIN: ZAE000049433
(“AVI”)
ACCEPTANCE OF SHARE APPRECIATION RIGHTS (“SARs”) BY AVI DIRECTORS AND
DIRECTORS OF A MAJOR SUBSIDIARY
In compliance with sections 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 : 25 June 2018
Nature of transaction : Acceptance of SARs in the Revised
AVI Executive Share Incentive Scheme
Class of securities : SARs in respect of ordinary shares
Number of SARs granted : 178 728
SARs allocation price : R108.73
Total value of transaction : R19,433,095.44
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Michael Koursaris
Company : AVI
Date of transaction : 25 June 2018
Nature of transaction : Acceptance of SARs in the Revised
AVI Executive Share Incentive Scheme
Class of securities : SARs in respect of ordinary shares
Number of SARs granted : 67 806
SARs allocation price : R108.73
Total value of transaction : R7,372,546.38
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Keith Phillips
Company : National Brands Limited
Date of transaction : 25 June 2018
Nature of transaction : Acceptance of SARs in the Revised AVI
Executive Share Incentive Scheme
Class of securities : SARs in respect of ordinary shares
Number of SARs granted : 26 940
SARs allocation price : R108.73
Total value of transaction : R2,929,186.20
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : David Hood
Company : National Brands Limited
Date of transaction : 25 June 2018
Nature of transaction : Acceptance of SARs in the Revised AVI
Executive Share Incentive Scheme
Class of securities : SARs in respect of ordinary shares
Number of SARs granted : 73 078
SARs allocation price : R108.73
Total value of transaction : R7,945,770.94
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Illovo
25 June 2018
Sponsor
The Standard Bank of South Africa Limited
Date: 25/06/2018 04:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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