| Fri 13 Oct 2023, 10:08 | | AVI LIMITED - Acceptance of share options by AVI directors, directors of major subsidiaries, AVI company secretary and I&J |
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Acceptance of share options by AVI directors, directors of major subsidiaries, AVI company secretary and I&J
AVI Limited
(Incorporated in the Republic of South Africa)
Registration Number 1944/017201/06
Share Code: AVI
ISIN: ZAE000049433
("AVI" or "the Company")
ACCEPTANCE OF SHARE OPTIONS BY AVI DIRECTORS, DIRECTORS OF MAJOR
SUBSIDIARIES, AVI COMPANY SECRETARY AND I&J COMPANY SECRETARY
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 : 13 October 2023
Nature of transaction : Acceptance of options in the AVI
Out Performance Scheme
Class of securities : Options in respect of ordinary
shares
Number of options granted : 128 962
Option allocation price : R74.00
Total value of transaction : R9,543,188.00
Vesting period : 3 years
Nature and extent of
Director??s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Justin O'Meara
Company : AVI
Date of transaction : 13 October 2023
Nature of transaction : Acceptance of options in the AVI
Out Performance Scheme
Class of securities : Options in respect of ordinary
shares
Number of options granted : 37 561
Option allocation price : R74.00
Total value of transaction : R2,779,514.00
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 : 13 October 2023
Nature of transaction : Acceptance of options in the AVI
Out Performance Scheme
Class of securities : Options in respect of ordinary
shares
Number of options granted : 53 764
Option allocation price : R74.00
Total value of transaction : R3,978,536.00
Vesting period : 3 years
Nature and extent of
Director??s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Gaynor Poretti
Company : National Brands Limited
Date of transaction : 13 October 2023
Nature of transaction : Acceptance of options in the AVI
Out Performance Scheme
Class of securities : Options in respect of ordinary
shares
Number of options granted : 49 315
Option allocation price : R74.00
Total value of transaction : R3,649,310.00
Vesting period : 3 years
Nature and extent of
Director??s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Roelf van der Laan
Company : National Brands Limited
Date of transaction : 13 October 2023
Nature of transaction : Acceptance of options in the AVI
Out Performance Scheme
Class of securities : Options in respect of ordinary
shares
Number of options granted : 23 864
Option allocation price : R74.00
Total value of transaction : R1,765,936.00
Vesting period : 3 years
Nature and extent of
Director??s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Jonty Jankovich-Besan
Company : Irvin & Johnson Holding Company
(Pty) Ltd
Date of transaction : 13 October 2023
Nature of transaction : Acceptance of options in the AVI
Out Performance Scheme
Class of securities : Options in respect of ordinary
shares
Number of options granted : 36 807
Option allocation price : R74.00
Total value of transaction : R2,723,718.00
Vesting period : 3 years
Nature and extent of
Director??s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Brendon Lucke
Company : Irvin & Johnson Holding Company
(Pty) Ltd
Date of transaction : 13 October 2023
Nature of transaction : Acceptance of options in the AVI
Out Performance Scheme
Class of securities : Options in respect of ordinary
shares
Number of options granted : 27 383
Option allocation price : R74.00
Total value of transaction : R2,026,342.00
Vesting period : 3 years
Nature and extent of
Director??s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Simon Crutchley
Company : AVI
Date of transaction : 13 October 2023
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 197 495
Option allocation price : R75.20
Total value of transaction : R14,851,624.00
Vesting period : 3 years
Nature and extent of
Director??s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Justin O'Meara
Company : AVI
Date of transaction : 13 October 2023
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 47 542
Option allocation price : R75.20
Total value of transaction : R3,575,158.40
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 : 13 October 2023
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 68 050
Option allocation price : R75.20
Total value of transaction : R5,117,360.00
Vesting period : 3 years
Nature and extent of
Director??s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Gaynor Poretti
Company : National Brands Limited
Date of transaction : 13 October 2023
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 21 565
Option allocation price : R75.20
Total value of transaction : R1,621,688.00
Vesting period : 3 years
Nature and extent of
Director??s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Roelf van der Laan
Company : National Brands Limited
Date of transaction : 13 October 2023
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 7 313
Option allocation price : R75.20
Total value of transaction : R549,937.60
Vesting period : 3 years
Nature and extent of
Director??s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Jonty Jankovich-Besan
Company : Irvin & Johnson Holding Company
(Pty) Ltd
Date of transaction : 13 October 2023
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 8 964
Option allocation price : R75.20
Total value of transaction : R674,092.80
Vesting period : 3 years
Nature and extent of
Director??s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Brendon Lucke
Company : Irvin & Johnson Holding Company
(Pty) Ltd
Date of transaction : 13 October 2023
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 5 220
Option allocation price : R75.20
Total value of transaction : R392,544.00
Vesting period : 3 years
Nature and extent of
Director??s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Company Secretary : Sureya Scheepers
Company : AVI
Date of transaction : 13 October 2023
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 3 096
Option allocation price : R75.20
Total value of transaction : R232 819.20
Vesting period : 3 years
Nature and extent of
Director??s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Company Secretary : Ashfaque Ahmed
Company : Irvin & Johnson Holding Company
(Pty) Ltd
Date of transaction : 13 October 2023
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 742
Option allocation price : R75.20
Total value of transaction : R55,798.40
Vesting period : 3 years
Nature and extent of
Director??s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Justin O'Meara
Date of transaction : 13 October 2023
Nature of transaction : Acceptance of options in the AVI
Revised Executive Share Incentive
Scheme
Class of securities : Options in respect of ordinary
shares
Number of options granted : 144 150
Option allocation price : R75.20
Total value of transaction : R10,840,080.00
Vesting period : 3 years
Nature and extent of
interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Company Secretary : Sureya Scheepers
Date of transaction : 13 October 2023
Nature of transaction : Acceptance of options in the AVI
Revised Executive Share Incentive
Scheme
Class of securities : Options in respect of ordinary
shares
Number of options granted : 23 275
Option allocation price : R75.20
Total value of transaction : R1,750,280.00
Vesting period : 3 years
Nature and extent of
interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Illovo
13 October 2023
Sponsor
The Standard Bank of South Africa Limited
Date: 13-10-2023 10:08:00
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