AVENG LIMITED - Vesting of shares

Vesting of shares

AVENG LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1944/018119/06)
ISIN: ZAE000111829
SHARE CODE: AEG
("Aveng" or "the Group")

VESTING OF SHARES

In compliance with the JSE Limited listings requirements, and further to the announcement
released on the 21st of December 2017 in terms of the 2018 Special Incentive Award Scheme
which provided for the award of Performance and Retention Shares as well as Bonus Shares
under the Aveng Long Term Incentive Plan, all the awards were for the direct beneficial
interests of directors. The following information is disclosed relating to the vesting of the
Bonus Share Plan and the Retention Share Plan.


Vesting of 2017 Bonus Shares:
Name of director:                            A H Macartney
Company:                                     Aveng Limited
Position:                                    Financial Director
Date of Transaction:                         22 December 2020
Nature of Transaction:                       Off market vesting of bonus shares accepted on
                                             the 21st of December 2017
No of shares vested & award price/share      42 125 bonus shares @R2,09/share
Deemed value at vesting date                 R 1 264
Nature of Interest                           Direct Beneficial
Clearance Obtained                           Yes


Vesting of 2017 Retention Shares:
Name of director:                            A H Macartney
Company:                                     Aveng Limited
Position:                                    Financial Director
Date of Transaction:                         22 December 2020
Nature of Transaction:                       Off market vesting of retention shares accepted
                                             on the 21st of December 2017
No of shares vested & award price/share      441 006 retention shares @R2,09/share
Deemed value at vesting date                 R 13 230
Nature of Interest                           Direct Beneficial
Clearance Obtained                           Yes




23 December 2020
Melrose Arch


JSE Sponsor
UBS South Africa Proprietary Limited

Edinah Mandizha
Company Secretary
Tel: 011 779 2800
Email: info@avenggroup.com

Date: 23-12-2020 08:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.