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Dealings in securities by Adcock Ingram Limited and executive directors

Published: 2022-10-14 16:55:19 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’)

DEALINGS IN SECURITIES BY ADCOCK INGRAM LIMITED AND EXECUTIVE DIRECTORS

In compliance with paragraphs 3.63 to 3.74 (both inclusive) and 3.92 of the Listings Requirements of the JSE
Limited, the following information is disclosed:

The Performance Based Long-Term Incentive Scheme (PBLTIS) conditional shares awarded to executive
directors on 26 September 2019, have vested at an achievement proportion of 72%, after the Company
applied the related performance conditions during the performance period from 1 July 2019 and ending on
30 June 2022. These awards were granted on condition that vesting of 75% occurs after three years and
25% after four years, subject to the achievement of certain performance conditions.


Adcock Ingram Limited, a wholly owned subsidiary of Adcock Ingram, disposed of Adcock Ingram
ordinary shares in the open market on behalf of participants of the PBLTIS, in accordance with the
PBLTIS rules, in order to satisfy the obligations arising from the vesting of PBLTIS conditional
share awards. The details are set out below.

 Company                                               Adcock Ingram Limited

 Date of transaction                                   10 October 2022
 Nature of transaction                                 On-market sale of securities to satisfy the obligations
                                                       arising from the vesting of PBLTIS conditional share
                                                       awards
 Number of securities                                  57 498
 Class of securities                                   Ordinary shares
 Volume weighted average selling price                 R48.59 per share
 Highest price                                         R48.60 per share
 Lowest price                                          R48.50 per share
 Value of transaction                                  R2 793 586.00
 Nature of interest                                    Direct beneficial

 Date of transaction                                   11 October 2022
 Nature of transaction                                 On-market sale of securities to satisfy the obligations
                                                       arising from the vesting of PBLTIS conditional share
                                                       awards
 Number of securities                                  91 687
 Class of securities                                   Ordinary shares
 Volume weighted average selling price                 R48.65 per share
 Highest price                                         R49.00 per share
 Lowest price                                          R48.50 per share
 Value of transaction                                  R4 460 408.00
 Nature of interest                                    Direct beneficial


 Date of transaction                                   13 October 2022
 Nature of transaction                                 On-market sale of securities to satisfy the obligations
                                                       arising from the vesting of PBLTIS conditional share
                                                       awards

 Number of securities                                  129 455
 Class of securities                                   Ordinary shares
 Volume weighted average selling price                 R47.60 per share
 Highest price                                         R48.25 per share
 Lowest price                                          R46.10 per share
 Value of transaction                                  R6 162 213.00
 Nature of interest                                    Direct beneficial
Shareholders are further advised of the dealings in the Company’s securities by executive directors
as disclosed below.

 Director:                                             Andrew Hall
 Company                                               Adcock Ingram
 Date of transaction                                   12 October 2022
 Nature of transaction                                 On market sale of shares pursuant to the
                                                       vesting of conditional share awards in terms
                                                       of the PBLTIS
 Class of securities                                   Ordinary shares
 Number of vesting conditional share                   83 700
 awards
 Option award price                                    Nil
 Exercise and sale price per share                     R49.50
 Value of transaction                                  R4 143 150.00
 Nature of interest                                    Direct beneficial

 Director:                                             Dorette Neethling
 Company                                               Adcock Ingram

 Date of transaction                                   12 October 2022
 Nature of transaction                                 On market sale of shares pursuant to the
                                                       vesting of the conditional share awards in
                                                       terms of the PBLTIS
 Class of securities                                   Ordinary shares
 Number of vesting conditional share                   34 560
 awards
 Option award price                                    Nil
 Exercise and sale price per share                     R49.50
 Value of transaction                                  R1 710 720.00
 Nature of interest                                    Direct beneficial

 Director:                                             Basadifeela Letsoalo
 Company                                               Adcock Ingram

 Date of transaction                                   12 October 2022
 Nature of transaction                                 On market sale of shares pursuant to the
                                                       vesting of the conditional share awards in
                                                       terms of the PBLTIS
 Class of securities                                   Ordinary shares
 Number of vesting conditional share                   31 860
 awards
 Option award price                                    Nil
 Exercise and sale price per share                     R49.50
 Value of transaction                                  R1 577 070.00
 Nature of interest                                    Direct beneficial


The requisite clearance has been received in respect of the above transactions.


Midrand
14 October 2022


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.