| Mon 19 Sep 2016, 16:11 | | ADCOCK INGRAM HOLDINGS LIMITED - Dealing in securities by executive directors and company secretary |
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AIP 201609190043A
Dealing in securities by executive directors and company secretary
Adcock Ingram Holdings Limited
(Registration number 2007/016236/06)
(Incorporated in the Republic of South Africa)
Share code: AIP
ISIN: ZAE000123436
(“Adcock Ingram”)
DEALING IN SECURITIES BY EXECUTIVE DIRECTORS AND COMPANY
SECRETARY
In accordance with the JSE Limited Listings Requirements
(“Listings Requirements”), shareholders are advised that
executive directors and the company secretary have been
awarded Share Options in terms of the Adcock Ingram Employees
Share Scheme (“scheme”) which was approved by Shareholders in
2008. The following individual allocations were approved by
the Board following a recommendation from the HR, Remuneration
and Nominations Committee:
1. Director: Mr AG Hall
Designation: Executive Director
Number of options granted: 200,000
Strike price of options: R42.30*
Vesting periods: 26/08/2019, 26/08/2020,
26/08/2021
Nature of transaction: Acceptance of share
options granted in terms
of the scheme (off
market)
Nature of interest: Direct, beneficial
Class of securities: Options in respect of
ordinary shares
Date of transaction: 16 September 2016
Total transaction value: R8,460,000.00*
2. Director: Ms D Neethling
Designation: Executive Director
Number of options granted: 150 000
Strike price of options: R42.30*
Vesting periods: 26/08/2019, 26/08/2020,
26/08/2021
Nature of transaction: Acceptance of share
options granted in terms
of the scheme (off
market)
Nature of interest: Direct, beneficial
Class of securities: Options in respect of
ordinary shares
Date of transaction: 16 September 2016
Total transaction value: R6,345,000.00*
3. Director: Ms BJ Letsoalo
Designation: Executive Director
Number of options granted: 45 000*
Strike price of options: R42.30
Vesting periods: 26/08/2019, 26/08/2020,
26/08/2021
Nature of transaction: Acceptance of share
options granted in terms
of the scheme (off
market)
Nature of interest: Direct, beneficial
Class of securities: Options in respect of
ordinary shares
Date of transaction: 16 September 2016
Total transaction value: R1,903,500.00*
4. Company Secretary: Mr NE Simelane
Designation: Company Secretary
Number of options granted: 45 000*
Strike price of options: R42.30
Vesting periods: 26/08/2019, 26/08/2020,
26/08/2021
Nature of transaction: Acceptance of share
options granted in terms
of the scheme (off
market)
Nature of interest: Direct, beneficial
Class of securities: Options in respect of
ordinary shares
Date of transaction: 16 September 2016
Total transaction value: R1,903,500.00*
Clearance for the above transactions has been obtained as
required in terms of the Listings Requirements.
* Discounted by 10% based on the R47.00 closing price of an
Adcock Ingram ordinary share on the date of grant, being 16
August 2016.
Midrand
19 September 2016
Sponsor
RAND MERCHANT BANK (a Division of FirstRand Bank Limited)
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