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AVI LIMITED - GRANT OF SHARE OPTIONS TO DIRECTORS
AVI Limited
(`AVI`)
(Registration number 1944/017201/06)
JSE Share Code: AVI
ISIN: ZAE000049433
ALLOCATION OF SHARE OPTIONS AND EQUITY PARTICIPATION PLAN SHARES TO DIRECTORS
AND OFFICERS OF AVI AND MAJOR SUBSIDIARIES
Allocations of share options were made in terms of the Anglovaal Industries
Executive Share Purchase Scheme (`the Scheme`) and were approved by the
Remuneration Committee of the board of directors of AVI. The price was
determined as the 20 day trading weighted average for the period ended
31 December 2003 in accordance with the rules of the Scheme.
Certain eligible participants opted to convert some or all of their option
shares into convertible redeemable preference shares (`EPP shares`) in terms of
the AVI Limited Equity Participation Plan.
In compliance with rules 3.63 - 3.74 of the Listings Requirements of the JSE
Securities Exchange South Africa (`the JSE`), the following information is
disclosed.
Director: Mr A W B Band
Director of: AVI
Date of transaction: 28 May 2004
Option price per share: R16.60
Number of shares: 115,999 ordinary 5 cent shares and
46,399 EPP shares at 90 cents each
Nature of transaction: Grant of share options and partial conversion
into EPP shares
Extent of interest: Directly beneficial
Strike date: 1 January 2007
Director: Mr S L Crutchley
Director of: AVI
Date of transaction: 28 May 2004
Option price per share: R16.60
Number of shares: 40,919 ordinary 5 cent shares and
40,918 EPP shares at 90 cents each
Nature of transaction: Granting of share options and partial
conversion into EPP shares
Extent of interest: Directly beneficial
Strike date: 1 January 2007
Director: Mr R S Katzen
Director of: AVI
Date of transaction: 28 May 2004
Option price per share: 90 cents per EPP share
Number of shares: 25,854 EPP shares
Nature of transaction: Grant of share options all converted to EPP
shares
Extent of interest: Directly beneficial
Strike date: 1 January 2007
Company Secretary of AVI: Mr V F Malie
Date of transaction: 28 May 2004
Option price per share: R16.60
Number of shares: 16,152 ordinary 5 cent shares
Nature of transaction: Grant of share options
Extent of interest: Directly beneficial
Strike date: 1 January 2007
DIRECTORS OF MAJOR SUBSIDIARIES
Director: Mr D J Boyd
Director of: Consol Limited (`Consol`)
Date of transaction: 28 May 2004
Option price per share: R16.60
Number of shares: 15,563 ordinary 5 cent shares
Nature of transaction: Grant of share options
Extent of interest: Directly beneficial
Strike date: 1 January 2007
Director: Mr C A Atkins
Director of: Irvin & Johnson Limited (`I&J`)
Date of transaction: 28 May 2004
Option price per share: R16.60
Number of shares: 16,116 ordinary 5 cent shares
Nature of transaction: Grant of share options
Extent of interest: Directly beneficial
Strike date: 1 January 2007
Director: Mr J du Plessis
Director of: Consol
Date of transaction: 28 May 2004
Option price per share: 90 cents per EPP share
Number of shares: 13,802 EPP shares
Nature of transaction: Grant of options all converted to EPP shares
Extent of interest: Directly beneficial
Strike date: 1 January 2007
Director: Mr B Rodger
Director of: Consol
Date of transaction: 28 May 2004
Option price per share: 90 cents per EPP share
Number of shares: 16,102 EPP shares
Nature of transaction: Grant of options all converted to EPP shares
Extent of interest: Directly beneficial
Strike date: 1 January 2007
Director: Mr T Tattam
Director of: Consol
Date of transaction: 28 May 2004
Option price per share: 90 cents per EPP share
Number of shares: 14,444 EPP shares
Nature of transaction: Grant of options all converted to EPP shares
Extent of interest: Directly beneficial
Strike date: 1 January 2007
Director: Mr M Arnold
Director of: Consol
Date of transaction: 28 May 2004
Option price per share: 90 cents per EPP share
Number of shares: 35,927 EPP shares
Nature of transaction: Grant of options all converted to EPP shares
Extent of interest: Directly beneficial
Strike date: 1 January 2007
Director: Ms E Whitley
Director of: Consol
Date of transaction: 28 May 2004
Option price per share: 90 cents per EPP share
Number of shares: 11,689 EPP shares
Nature of transaction: Grant of options all converted to EPP shares
Extent of interest: Directly beneficial
Strike date: 1 January 2007
Director: Mr B Milne
Director of: Consol
Date of transaction: 28 May 2004
Option price per share: 90 cents per EPP share
Number of shares: 9,000 EPP shares
Nature of transaction: Grant of options all converted to EPP shares
Extent of interest: Directly beneficial
Strike date: 1 January 2007
Director: Mr R C Gordon
Director of: I&J
Date of transaction: 28 May 2004
Option price per share: R16.60
Number of shares: 54, 231 ordinary 5 cents shares
Nature of transaction: Grant of share options
Extent of interest: Directly beneficial
Strike date: 1 January 2007
Company Secretary of I&J: Mr C Schoeman
Date of transaction: 28 May 2004
Option price per share: R16.60
Number of shares: 11,180 ordinary 5 cent shares
Nature of transaction: Grant of share options to EPP shares
Extent of interest: Directly beneficial
Strike date: 1 January 2007
Director: Mr T Brodrick
Director of: I&J
Date of transaction: 28 May 2004
Option price per share: R16.60
Number of shares: 13,348 ordinary 5 cent shares
Nature of transaction: Grant of share options
Extent of interest: Directly beneficial
Strike date: 1 January 2007
Director: Mr G P L Scott
Director of: I&J
Date of transaction: 28 May 2004
Option price per share: R16.60
Number of shares: 12,698 ordinary 5 cent shares
Nature of transaction: Grant of share options
Extent of interest: Directly beneficial
Strike date: 1 January 2004
Director: Mr R Williams
Director of: I&J
Date of transaction: 28 May 2004
Option price per share: 90 cents per EPP share
Number of shares: 13,348 EPP shares
Nature of transaction: Grant of options all converted to EPP shares
Extent of interest: Directly beneficial
Strike date: 1 January 2007
Director: Mr K Phillips
Director of: National Brands Limited (`NBL`)
Date of transaction: 28 May 2004
Option price per share: R16.60
Number of shares: 5,629 ordinary shares and 6,000 EPP shares at
90 cents each
Nature of transaction: Grant of options and partial conversion to
EPP shares
Extent of interest: Directly beneficial
Strike date: 1 January 2007
Director: Mr C B Sampson
Director of: NBL
Date of transaction: 28 May 2004
Option price per share: R16.60
Number of shares: 24,053 ordinary 5 cent shares and
24,053 EPP shares at 90 cents each
Nature of transaction: Grant of options partially converted to EPP
shares
Extent of interest: Directly beneficial
Strike date: 1 January 2007
Clearance to grant these options and issue the EPP shares in question was
obtained in accordance with AVI`s policy with regard to directors` dealings as
well as the Listings Requirements of the JSE.
Sandton
2 June 2004
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