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Acceptance of awards in terms of the Adcorp Long-Term Incentive (“LTI”) Plan

Published: 2024-03-05 13:20:22 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")


ACCEPTANCE OF AWARDS IN TERMS OF THE ADCORP LONG-TERM
INCENTIVE (“LTI”) PLAN


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the acceptance of awards by participants in terms of the
Adcorp LTI Plan are herewith disclosed:

 NAME OF PARTICIPANTS                             Dr John Wentzel (1)
                                                  Mr Noel Prendergast (2)
                                                  Mr Bruce Toerien (3)
                                                  Mr Nick Najjar     (4)
                                                  Mr Praanesh Prasad (5)
                                                  Ms Vinolia Singh (6)
                                                  Ms Lisa Laporte (7)
 COMPANY OF WHICH A DIRECTOR                      Adcorp Holdings Limited (1 – 2)
                                                  Adcorp Workforce Solutions (6)
 COMPANY OF WHICH A PRESCRIBED                    Adcorp Holdings Limited (3 – 5)
 OFFICER
 COMPANY OF WHICH THE COMPANY                     Adcorp Holdings Limited (7)
 SECRETARY
 STATUS                                           Executive Director (1 – 2)


                                                  Prescribed Officer and Managing Director:
                                                  Contingent (3)


                                                  Prescribed Officer and Managing Director:
                                                  Professional (4)


                                                  Prescribed Officer and Managing Director:
                                                  Adcorp Australia (5)


                                                  Director of Adcorp Workforce Solutions:
                                                  Chief People Officer (6)


                                                  Company Secretary (7)
CLASS OF SECURITIES              Ordinary Shares (1 – 7)


NATURE OF TRANSACTIONS           Acceptance of awards in terms of the
                                 Adcorp LTI Plan (Non-Schedule 14 Plan)
                                 through the award of forfeitable shares (or
                                 the right to receive same) and conditional
                                 shares (off-market transactions) (1 – 7)


DATE OF ACCEPTANCE OF AWARD      29 February 2024 (1 – 7)


DATE OF VESTING                  1 June 2026 (1 – 7)
                                 (Subject to the fulfilment of vesting
                                 conditions per the new Adcorp LTI Plan)


DEEMED PRICE PER SHARE (CENTS)   R3.92 (1 – 7)
                                 (Based on the 7-day volume weighted
                                 average price on 27 February 2024)


NUMBER OF SECURITIES AWARDED     873 272 (1)
(FORFEITABLE SHARES)             348 972 (2)
                                 135 321 (3)
                                 139 459 (4)
                                 200 740 (5)
                                 111 564 (6)
                                  72 028 (7)


NUMBER OF SECURITIES AWARDED     374 259 (1)
(CONDITIONAL SHARES)             149 559 (2)
                                 202 981 (3)
                                 209 189 (4)
                                 301 110 (5)
                                 260 316 (6)
                                 168 064 (7)


DEEMED TOTAL RAND VALUE OF       R 4 890 321.52 (1)
SECURITIES (FORFEITABLE AND      R 1 954 241.52 (2)
CONDITIONAL SHARES)              R 1 326 143.84 (3)
                                 R 1 366 700.16 (4)
                                 R 1 967 252.00 (5)
                                                R 1 457 769.60 (6)
                                                R   941 160.64 (7)
                                                (Based on deemed price per share)


 NATURE AND EXTENT OF PARTICIPANTS              Direct, beneficial
 INTEREST IN THE TRANSACTIONS




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


Johannesburg
5 March 2024


Sponsor
Valeo Capital (Pty) Ltd

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.