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Acceptance of Share Options by AVI Directors, Directors of Major Subsidiaries, AVI CoSec and I&J CoSec
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 : 6 October 2025
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 : 106 195
Option allocation price : R100.55
Total value of transaction : R10 677 907.25
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 : 6 October 2025
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 : 29 932
Option allocation price : R100.55
Total value of transaction : R3 009 662.60
Vesting period : 3 years
Nature and extent of
Director's interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Michael Koursaris
Company : AVI
Date of transaction : 6 October 2025
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 : 49 585
Option allocation price : R100.55
Total value of transaction : R4 985 771.75
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 : 6 October 2026
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 : 4 361
Option allocation price : R100.55
Total value of transaction : R438 498.55
Vesting period : 3 years
Nature and extent of
Director's interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Roger Coppin
Company : Irvin & Johnson Holding Company
(Pty) Ltd
Date of transaction : 6 October 2025
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 : 10 120
Option allocation price : R100.55
Total value of transaction : R1 017 566.00
Vesting period : 3 years
Nature and extent of
Director's interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Jeremy de Mink
Company : Irvin & Johnson Holding Company
(Pty) Ltd
Date of transaction : 6 October 2025
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 : 255
Option allocation price : R100.55
Total value of transaction : R25 640.25
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 : Vivien Crystal
Company : AVI
Date of transaction : 6 October 2025
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 : 7 344
Option allocation price : R100.55
Total value of transaction : R738 439.20
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 : 6 October 2025
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 : 321
Option allocation price : R100.55
Total value of transaction : R32 276.55
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 : 6 October 2025
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 : 148 235
Option allocation price : R100.55
Total value of transaction : R14 905 029.25
Vesting period : 3 years
Nature and extent of
interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Simon Crutchley
Company : AVI
Date of transaction : 6 October 2025
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 : 117 758
Option allocation price : R96.62
Total value of transaction : R11 377 777.96
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 : 6 October 2025
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 : 39 555
Option allocation price : R96.62
Total value of transaction : R3 821 804.10
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 : 6 October 2025
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 : 49 144
Option allocation price : R96.62
Total value of transaction : R4 748 293.28
Vesting period : 3 years
Nature and extent of
Director's interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Roger Coppin
Company : Irvin & Johnson Holding Company
(Pty)Ltd
Date of transaction : 6 October 2025
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 : 32 282
Option allocation price : R96.62
Total value of transaction : R3 119 086.84
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 : Vivien Crystal
Company : AVI
Date of transaction : 6 October 2025
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 : 23 029
Option allocation price : R96.62
Total value of transaction : R2 225 061.98
Vesting period : 3 years
Nature and extent of
Director's interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Illovo
6 October 2025
Sponsor
The Standard Bank of South Africa Limited
Date: 06-10-2025 04:29:00
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