Try our mobile app
Adcock Ingram Holdings (JSE:AIP) News - Acceptance of conditional share award allocations
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 24 August 2021 at a market value of R44.87* and accepted
off-market by them on 6 December 2021, respectively, 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 3-year performance period which commenced 1 July 2021 and ends on 30 June
2024.
Executive directors Scheme Number of conditional Deemed transaction
share awards value**
Andrew Hall PBLTIS 200 000 R8 974 000
Dorette Neethling PBLTIS 100 000 R4 487 000
Basadi Letsoalo PBLTIS 89 000 R3 993 430
Company Secretary
Lucky Phalafala PBLTIS 36 000 R1 615 320
*Market value means the volume weighted average price of an Adcock Ingram share as quoted on the
JSE for the immediately preceding day prior to the grant of the shares being 23 August 2021.
**Based on the prevailing market price of an Adcock Ingram share of R44.87 as at 23 August 2021.
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
7 December 2021
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 07-12-2021 01:38:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
