| Thu 6 Oct 2022, 12:33 | | ADCOCK INGRAM HOLDINGS LIMITED - Acceptance of conditional share award allocations |
|
Acceptance of conditional share award allocations
Adcock Ingram Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2007/016236/06)
Share code: AIP
ISIN: ZAE000123436
(‘Adcock Ingram’ or ‘the Company’)
ACCEPTANCE OF CONDITIONAL SHARE AWARD ALLOCATIONS
The following allocations of conditional shares have been awarded to executive directors and the
Company Secretary of Adcock Ingram on 24 August 2022 at a market value of R49.29* and accepted
off-market by them on 05 October 2022, respectively, in accordance with the Performance Based Long-
Term Incentive Scheme (PBLTIS) rules.
Vesting, of which 75% occurs after three years and 25% after four years, is subject to the achievement
of certain performance conditions. Performance will be measured over the 3-year performance period
which commenced 1 July 2022 and ends on 30 June 2025.
Executive directors Scheme Number of conditional Deemed transaction
share awards value**
Andrew Hall PBLTIS 200 000 R9,880,000
Dorette Neethling PBLTIS 91 000 R4,495,400
Basadi Letsoalo PBLTIS 80 000 R3,952,000
Company Secretary
Lucky Phalafala PBLTIS 36 000 R1,778,400
*Market value means the volume weighted average price of an Adcock Ingram share as quoted on the
JSE for the immediately preceding day prior to the grant of the shares being 23 August 2022.
**Based on the prevailing market price of an Adcock Ingram share of R49.40 as at 23 August 2022.
The nature and extent of the interest of the directors, which relates to the respective transactions as
outlined above, is direct and beneficial.
Clearance has been received in respect of the above transactions.
Midrand
06 October 2022
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 06-10-2022 12:33:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
