Enhanced Investments - Financial Portal

Acceptance of conditional share award allocations

Published: 2023-09-05 15:00:32 ET

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 22 August 2023 and accepted off-market by each of them on
4 September 2023, 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 three-year performance
period from 1 July 2023 until 30 June 2026.


 Executive directors           Scheme                Number of conditional        Deemed transaction
                                                            share awards                      value*
 Andrew Hall                   PBLTIS                             200 000               R11,136,000
 Dorette Neethling             PBLTIS                              90 000                 R5,011,200
 Basadi Letsoalo               PBLTIS                              79 000                 R4,398,720

 Company secretary
 Lucky Phalafala               PBLTIS                                 32 000                R1,781,760


*Based on the prevailing market price of an Adcock Ingram share at 1 September 2023 of R55.68.

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
05 September 2023


Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.