AVENG LIMITED Thursday 3rd September, 2015
The Off-Market Acceptance of Awards by Directors and Subsidiary Directors in Terms of the Forfeitable Share Plan.
Aveng Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1944/018119/06)
ISIN: ZAE000111829
SHARE CODE: AEG
("Aveng" or "the Group")
The Off-Market Acceptance of Awards by Directors and Subsidiary Directors in Terms of the Forfeitable
Share Plan.
Awards were made on 1 September 2015 in terms of the Aveng Forfeitable Share Plan. All the awards are
for the direct beneficial interests of directors. The Board had intended to make this award in terms of the
policy earlier during the 2014/15 financial year. However, due to Aveng being in extended prohibited
periods in light of the disposal of the Electrix business, the property transaction as well as the interim and
final results, the awards could not be made earlier.
Forfeitable Share Plan (?FSP?)
Schedule 14 of the JSE Limited Listings Requirements will in this instance not apply to the FSP as awards
made under the scheme are settled by way of acquiring shares from third parties on the open market. No
new shares will be issued by the Company to any participant.
Forfeitable Shares awarded to and accepted by Directors and Subsidiary Directors:
Name of director: HJ Verster
Company: Aveng Limited
Forfeitable shares awarded: 768 400 ordinary shares
Date of transaction: 1 September 2015
Award price per share: R 4.88
Total value: R 3 749 792
Acceptance date: 3 September 2015
Name of director: JJA Mashaba
Company: Aveng Limited
Forfeitable shares awarded: 372 800 ordinary shares
Date of transaction: 1 September 2015
Award price per share: R 4.88
Total value: R 1 819 264
Acceptance date: 3 September 2015
Name of director: AH Macartney
Company: Aveng Limited
Forfeitable shares awarded: 391 000 ordinary shares
Date of transaction: 1 September 2015
Award price per share: R 4.88
Total value: R 1 908 080
Acceptance date: 3 September 2015
Name of subsidiary director: LS Letsoalo
Company: Aveng (Africa) (Pty) Limited
Forfeitable shares awarded: 348 400 ordinary shares
Date of transaction: 1 September 2015
Award price per share: R 4.88
Total value: R 1 700 192
Acceptance date: 3 September 2015
Name of subsidiary director: MH Nana
Company: Aveng (Africa) (Pty) Limited
Forfeitable shares awarded: 88 800 ordinary shares
Date of transaction: 1 September 2015
Award price per share: R 4.88
Total value: R 433 344
Acceptance date: 3 September 2015
In terms of the rules of the Scheme, the vesting period is three (3) years from the date of award and
vesting is subject to performance conditions and continued employment by the recipients.
The necessary clearance in terms of paragraph 3.66 of the JSE Listings Requirements has been obtained.
3 September 2015
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
Date: 03/09/2015 03:38:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
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