AVI LIMITED - Sale Of 380 882 AVI Limited Ordinary Shares (Shares) Within The Group

Sale Of 380 882 AVI Limited Ordinary Shares (“Shares”) Within The Group

AVI Limited
Registration Number 1944/017201/06
Share Code: AVI
ISIN: ZAE000049433
(“AVI” or “Group”)

SALE OF 380 882 AVI LIMITED ORDINARY SHARES (“SHARES”) WITHIN THE GROUP

The AVI Limited Executive Share Scheme Trust (“ESPT”) was replaced
by the Revised AVI Limited Executive Share Incentive Scheme in
November 2016. On 1 April 2021 the last AVI Shares held on behalf
of participants (380 882 shares representing 0.11% of AVI’s current
issued share capital) lapsed. In anticipation of the winding up of
the Trust, these shares have been transferred within the AVI Group,
and remain subject to the same restrictions as when held by the
ESPT.

The shares will continue to be treasury shares and will have no
impact on the earnings per share, headline earnings per share and
net asset value per share.


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

Name                     :      The AVI Limited Executive Share
                                Scheme Trust
Date of transaction       :     9 April 2021
Class of securities       :     Ordinary shares
Nature of transaction     :     Sale of ordinary shares
Price per share           :     R 75.75
Number of ordinary shares :     380 882
Aggregate consideration :       R 28 851 811.50
Extent of interest        :     Direct beneficial
Clearance obtained        :     Yes

The above transaction was done off-market.

Name                      :     AVI Financial Services (Pty) Ltd
Date of transaction       :     9 April 2021
Class of securities       :     Ordinary shares
Nature of transaction     :     Purchase of ordinary shares above
Price per share           :     R 75.75
Number of ordinary shares :     380 882
Aggregate consideration :       R 28 851 811.50
Extent of interest        :     Direct beneficial
Clearance obtained        :     Yes

The above transaction was done off-market.

Illovo
Sandton
12 April 2021

Sponsor
The Standard Bank of South Africa Limited

Date: 12-04-2021 03:25:00
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