AVI directors and executives accept share options across incentive schemes

AVI Limited announced the acceptance of share options by directors, subsidiary directors, and company secretaries across its Deferred Bonus Share Plan, Revised Executive Share Incentive Scheme, and Out Performance Scheme. Simon Crutchley, Justin O’Meara, and Michael Koursaris were among the AVI directors accepting options.

Under the Deferred Bonus Share Plan, Simon Crutchley accepted 106,195 options at R100.55 per option. Justin O’Meara accepted 29,932 options, and Michael Koursaris accepted 49,585 options, all vesting over three years.

Under the Revised Executive Share Incentive Scheme, Simon Crutchley accepted 148,235 options at R100.55. The Out Performance Scheme saw Simon Crutchley accept 117,758 options at R96.62. Justin O’Meara accepted 39,555 options at R96.62, and Michael Koursaris accepted 49,144 options at R96.62, all with a three-year vesting period.

Other executives also participated, including Roelf van der Laan of National Brands Limited, Roger Coppin, and Jeremy de Mink of Irvin & Johnson Holding Company (Pty) Ltd. Company secretaries Vivien Crystal (AVI) and Ashfaque Ahmed (Irvin & Johnson Holding Company (Pty) Ltd) also accepted options under the Deferred Bonus Share Plan. All transactions were off-market and received clearance.