Enhanced Investments - Financial Portal

Appointment of Lead Independent Director

Published: 2022-05-30 09:00:49 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”)


APPOINTMENT OF LEAD INDEPENDENT DIRECTOR


In accordance with paragraph 3.59(a) of the JSE Limited Listings Requirements, the board of directors
of Adcorp (“Board”) wishes to advise that Dr Phumla Mnganga, who is currently an independent non-
executive director of Adcorp, has been appointed as the lead independent director of the Company with
effect from 26 May 2022.

Dr Mnganga was appointed to the Adcorp Board in 2018 and is currently serving as the chairperson of
the Social, Ethics and Sustainability Committee and a member of the Human Capital Committee. She
also serves on a number of boards of other JSE listed companies.

The Board congratulates Dr Phumla Mnganga and looks forward to her continued contribution to the
Company.

Johannesburg
30 May 2022

Sponsor
PSG Capital

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

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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.