AVI LIMITED - Acceptance of Share Appreciation Rights by AVI Directors and Directors of a Major Subsidiary
AVI 201906250046A
Acceptance of Share Appreciation Rights 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 paragraphs 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 : 24 June 2019
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 : 261 227
SARs allocation price : R89.27
Total value of transaction : R23 319 734.29
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 : 24 June 2019
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 : 94 975
SARs allocation price : R89.27
Total value of transaction : R8 478 418.25
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 : 24 June 2019
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 : 34 781
SARs allocation price : R89.27
Total value of transaction : R3 104 899.87
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 : 24 June 2019
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 : 94 348
SARs allocation price : R89.27
Total value of transaction : R8 422 445.96
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 2019
Sponsor
The Standard Bank of South Africa Limited
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