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AVI LIMITED - Dealing In AVI Shares By An AVI Director

Release Date: 12/12/2017 10:50
Code(s): AVI     PDF:  
Wrap Text
Dealing In AVI Shares By An AVI Director

AVI Limited
(Incorporated in the Republic of South Africa)
Registration Number 1944/017201/06
Share Code: AVI
ISIN: ZAE000049433
(“AVI” or “the Company”)


DEALING IN AVI SHARES BY AN AVI DIRECTOR


In compliance with Rules 3.63 – 3.74 of the Listings
Requirements of the JSE Limited (“the JSE”), the following
information is disclosed:

Name of director            :   Simon Crutchley
Date of transaction         :   11 December 2017
Strike price and exercise
price per option            :   R55.88
Number of ordinary shares   :   169 702
Aggregate consideration     :   R 9 482 947.76
Class of securities         :   Options in respect of ordinary
                                shares
Nature of transaction       :   Exercise of options granted in
                                April 2013
Extent of interest          :   Direct beneficial

The above transaction was done off-market.

Director                    :   Simon Crutchley
Date of transaction         :   11 December 2017
Price per unit              :   R103.50
Number of ordinary shares   :   169 702
Aggregate consideration     :   R 17 564 157.00
Class of securities         :   Ordinary shares
Nature of transaction       :   Sale of shares in terms of the
                                options exercised above
Extent of interest          :   Direct beneficial

The above transaction was done on-market.

Name of director            :   Simon Crutchley
Date of transaction         :   11 December 2017
Strike price and exercise
price per option            :   R53.38
Number of ordinary shares   :   202 156
Aggregate consideration     :   R 10 791 087.28
Class of securities         :   Options in respect of ordinary
                                shares
Nature of transaction       :   Exercise of options granted in
                                April 2014
Extent of interest          :   Direct beneficial

The above transaction was done off-market.

Director                    :   Simon Crutchley
Date of transaction         :   11 December 2017
Price per unit              :   R103.50
Number of ordinary shares   :   202 156
Aggregate consideration     :   R 20 923 146.00
Class of securities         :   Ordinary shares
Nature of transaction       :   Sale of shares in terms of the
                                options exercised above
Extent of interest          :   Direct beneficial

The above transaction was done on-market.

Name of director            :   Simon Crutchley
Date of transaction         :   11 December 2017
Strike price and exercise
price per option            :   R65.46
Number of ordinary shares   :   178 038
Aggregate consideration     :   R 11 654 367.48
Class of securities         :   Ordinary shares
Nature of transaction       :   Acceptance of shares awarded in
                                terms of the AVI Limited Out-
                                Performance Scheme
Extent of interest          :   Direct beneficial

The above transaction was done off-market.

Name of Director            :   Simon Crutchley
Date of transaction         :   11 December 2017
Price per unit              :   R103.50
Number of ordinary shares   :   178 038
Aggregate consideration     :   R 18 426 933.00
Class of securities         :   Ordinary shares
Nature of transaction       :   Sale of shares accepted as above
Extent of interest          :   Direct beneficial

The above transaction was done on-market.

The majority of the shares sold are approaching their lapse dates
in terms of the rules of the respective share schemes. Simon
Crutchley continues to hold 800 000 AVI shares in his own name, as
well as a total of 659 511 unvested share options in AVI’s share
incentive schemes.

Clearance to deal in these shares was obtained in accordance with
AVI’s policy with regard to director’s dealings as well as the
Listings Requirements of the JSE.


Illovo
Sandton
12 December 2017

Sponsor
The Standard Bank of South Africa Limited

Date: 12/12/2017 10:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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