AVI - Grant Of Options
AVI LIMITED
(`AVI`)
(Registration number 1944/017201/06)
Share Code: AVI
ISIN: ZAE000049433
Grant of Share Options
Allocations of share options were made in terms of the Anglovaal Industries
Executive Share Purchase Scheme (`the Scheme`) and were approved by the
Appointments and Remuneration Committee of the board of AVI. The price was
determined as the 20 day trade weighted average for the period ended 30 June
2004, in accordance with the rules of the Scheme. This grant of options was
deferred because AVI has been in a prohibited period, as defined in the Listings
Requirements of the JSE Securities Exchange South Africa (`the JSE`) (`the
Listings Requirements`), from 15 June 2004 to 2 December 2004.
In compliance with rules 3.63 - 3.74 of the Listings Requirements, the following
information is disclosed:
Director : Mr S L Crutchley
Date of allocation : 2 December 2005
Price per unit : R17.42
Number of shares : 114,285 ordinary 5 cent shares
Nature of transaction : Grant of share options
Extent of interest : Directly beneficial
Strike date : 1 January 2007
Director : Mr R S Katzen
Date of allocation : 2 December 2005
Price per unit : R17.42
Number of shares : 67,759 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 K Nayager
Date of allocation : 2 December 2005
Director of : Consol Limited (`Consol`)
Price per unit : R17.42
Number of shares : 12,275 ordinary 5 cent shares
Nature of transaction : Grant of share options
Extent of interest : Directly beneficial
Strike date : 1 January 2007
Director : Mr M Arnold
Director of : Consol
Date of allocation : 2 December 2005
Price per unit : R17.42
Number of shares : 36,285 ordinary 5 cent shares
Nature of transaction : Grant of share options
Extent of interest : Directly beneficial
Strike date : 1 January 2007
Director : Mr D Carolin
Date of allocation : 2 December 2005
Director of : Consol
Price per unit : R17.42
Number of shares : 11,795 ordinary 5 cent shares
Nature of transaction : Grant of share options
Extent of interest : Directly beneficial
Strike date : 1 January 2007
Company secretary : Mr T Peacock
National Brands Limited
Date of allocation : 2 December 2005
Price per unit : R17.42
Number of shares : 5,448 ordinary 5 cent shares
Nature of transaction : Grant of share options
Extent of interest : Directly beneficial
Strike date : 1 January 2007
Clearance to grant these options was obtained in accordance with AVI`s policy
with regard to directors` dealings as well as the Listings Requirements.
Sandton
6 December 2004
Sponsor
Standard Bank
Date: 06/12/2004 10:24:05 AM
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