ACCEPTANCE OF FORFEITABLE SHARE GRANTS TO DIRECTORS

Alviva Holdings Limited

(Formerly Pinnacle Holdings Limited)

(Incorporated in the Republic of South Africa)

Registration number 1986/000334/06

Share Code: AVV

ISIN: ZAE000227484

(“Alviva” or “The Company”)

 

ACCEPTANCE OF FORFEITABLE SHARE GRANTS TO DIRECTORS

 

In compliance with the JSE Limited Listings Requirements, the following information is disclosed:

 

DIRECTORS OF MAJOR SUBSIDIARIES
Name    AS Mahomed
Office held   Executive director
Company    Datacentrix (Pty) Ltd
Date of acceptance    28 September 2017
Nature of transaction    Off-market acceptance of conditional share grants vesting on or after 13 September 2020
Class of securities    Ordinary shares
Number of forfeitable shares    70 000
Award price    R19.50
Total value of award    R1 365 000
Nature of interest    Direct beneficial
Clearance obtained    Yes
Name    E Naidoo
Office held    Executive director
Company    Datacentrix (Pty) Ltd
Date of acceptance    28 September 2017
Nature of transaction    Off-market acceptance of conditional share grants vesting on or after 13 September 2020
Class of securities    Ordinary shares
Number of forfeitable shares    35 000
Award price    R19.50
Total value of award    R682 500
Nature of interest    Direct beneficial
Clearance obtained    Yes
Name    JH Coetzee
Office held    Executive director
Company    Datacentrix (Pty) Ltd
Date of acceptance    28 September 2017
Nature of transaction    Off-market acceptance of conditional share grants vesting on or after 13 September 2020
Class of securities    Ordinary shares
Number of forfeitable shares    35 000
Award price    R19.50
Total value of award    R682 500
Nature of interest    Direct beneficial
Clearance obtained    Yes

Midrand

3 October 2017

 

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