Enhanced Investments - Financial Portal

Acceptance of share options by AVI directors, directors of major subsidiaries, AVI company secretary and I&J

Published: 2023-10-13 11:08:24 ET

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

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.