Enhanced Investments - Financial Portal

Settlement of shares in terms of the Adcorp Share Plan

Published: 2022-07-06 14:16:32 ET

ADCORP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1974/001804/06
Share code: ADR
ISIN: ZAE000000139
(“Adcorp” or the “Company”)



SETTLEMENT OF SHARES IN TERMS OF THE ADCORP SHARE PLAN


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements,
the following information regarding the settlement of performance shares (“Awards”)
to the company secretary, prescribed officers and director of a major subsidiary of
the Company in terms of the Adcorp Share Plan is disclosed:

 NAME OF COMPANY SECRETARY                       Lisa Laporte

 COMPANY OF WHICH THE COMPANY Adcorp
 SECRETARY

 STATUS                                          Company secretary of Adcorp

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTION                           Settlement of ordinary shares as a result
                                                 of the vesting of Awards in terms of the
                                                 Adcorp Share Plan (net of tax)
                                                 (Off-market transaction)

 SETTLEMENT DATE                                 05 July 2022

 NUMBER OF SHARES SETTLED                        4 161

 PRICE PER SETTLED SHARE                         No Cost

 DEEMED VALUE AT SETTLEMENT                      R24 966.00 (At the price per share on
                                                 the date of settlement, being R6.00
                                                 per share)

 NATURE AND EXTENT OF INTEREST IN THE            Direct, beneficial
 TRANSACTION



 NAME OF PRESCRIBED OFFICER                      Rob De Grooth

 COMPANY OF WHICH A PRESCRIBED Adcorp
 OFFICER
STATUS                                 Prescribed officer of Adcorp and
                                       Managing Director: Contingent and
                                       Functional Outsourcing

TYPE AND CLASS OF SECURITIES           Ordinary shares

NATURE OF TRANSACTION                  Settlement of ordinary shares as a result
                                       of the vesting of Awards in terms of the
                                       Adcorp Share Plan (net of tax)
                                       (Off-market transaction)

SETTLEMENT DATE                        05 July 2022

NUMBER OF SHARES SETTLED               20 937

PRICE PER SETTLED SHARE                No Cost

DEEMED VALUE AT SETTLEMENT             R125 622.00 (At the price per share on
                                       the date of settlement, being R6.00
                                       per share)

NATURE AND EXTENT OF INTEREST IN THE   Direct, beneficial
TRANSACTION



NAME OF PRESCRIBED OFFICER             Bruce Toerien

COMPANY OF WHICH A PRESCRIBED Adcorp
OFFICER

STATUS                                 Prescribed officer of Adcorp and
                                       Managing Director: Training

TYPE AND CLASS OF SECURITIES           Ordinary shares

NATURE OF TRANSACTION                  Settlement of ordinary shares as a result
                                       of the vesting of Awards in terms of the
                                       Adcorp Share Plan (net of tax)
                                       (Off-market transaction)

SETTLEMENT DATE                        05 July 2022

NUMBER OF SHARES SETTLED               8 271

PRICE PER SETTLED SHARE                No Cost

DEEMED VALUE AT SETTLEMENT             R49 626.00 (At the price per share on
                                       the date of settlement, being R6.00
                                       per share)
 NATURE AND EXTENT OF INTEREST IN THE      Direct, beneficial
 TRANSACTION



 NAME     OF   DIRECTOR     OF    MAJOR Vinolia Singh
 SUBSIDIARY

 COMPANY OF WHICH A DIRECTOR               Adcorp Workforce Solutions

 STATUS                                    Director of major subsidiary of Adcorp

 TYPE AND CLASS OF SECURITIES              Ordinary shares

 NATURE OF TRANSACTION                     Settlement of ordinary shares as a result
                                           of the vesting of Awards in terms of the
                                           Adcorp Share Plan (net of tax)
                                           (Off-market transaction)

 SETTLEMENT DATE                           05 July 2022

 NUMBER OF SHARES SETTLED                  20 890

 PRICE PER SETTLED SHARE                   No Cost

 DEEMED VALUE AT SETTLEMENT                R125 340.00 (At the price per share on
                                           the date of settlement, being R6.00
                                           per share)

 NATURE AND EXTENT OF INTEREST IN THE      Direct, beneficial
 TRANSACTION


Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited
Listings Requirements.

Johannesburg
06 July 2022

Sponsor
PSG Capital

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.