ADCORP HOLDINGS LIMITED - Allocation and acceptance of performance shares
ADR 201210310055A
Allocation and acceptance of performance shares
Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1974/001804/06)
(“Adcorp” or “the Company”)
Share code: ADR ISIN: ZAE000000139
ALLOCATION AND ACCEPTANCE OF PERFORMANCE SHARES
In compliance with paragraphs 3.63 to 3.74 of the Listing
Requirements of the JSE Limited, shareholders are advised
that performance shares in Adcorp have been offered to
eligible Group employees. These Performance Shares were
offered on 17 October 2012 at a strike price of 2853 cents
per share. This allocation was approved by the Nominations
and Remunerations Committee.
The acceptance date in respect of the off-market awards of
Performance Shares by the beneficiaries listed below is 30
October 2012. Approval to grant and accept these
performance shares was obtained from the Chairman of the
Nominations and Remunerations Committee.
Name of director: R L Pike
Date of transaction: 30 October 2012
Nature of transaction: Acceptance of Performance Shares
Number of shares: 450 000
Allocated Price: 2853 cents per share
Total value: R12 838 500
Vesting date: 17 October 2014
Nature of interest: Direct Beneficial
Name of director: P C Swart
Date of transaction: 30 October 2012
Nature of transaction: Acceptance of Performance Shares
Number of shares: 425 000
Allocated Price: 2853 cents per share
Total value: R12 125 250
Vesting date: 17 October 2014
Nature of interest: Direct Beneficial
Name of director: C Bomela
Date of transaction: 30 October 2012
Nature of transaction: Acceptance of Performance Shares
Number of shares: 50 000
Allocated Price: 2853 cents per share
Total value: R1 426 500
Vesting date: 17 October 2014
Nature of interest: Direct Beneficial
Name of director: A M Sher
Date of transaction: 30 October 2012
Nature of transaction: Acceptance of Performance Shares
Number of shares: 60 000
Allocated Price: 2853 cents per share
Total value: R1 711 800
Vesting date: 17 October 2014
Nature of interest: Direct Beneficial
Shareholders are advised that the awards to Messrs R Pike
and P C Swart form part of an executive employment
contracts signed with the Company whereby they have
committed their services to the Company for a further five
year term.
31 October 2012
Bryanston
Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
Date: 31/10/2012 03:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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