Acceptance of conditional share award allocations under the Company’s Performance Based Long-Term Incentive Scheme
Adcock Ingram Holdings Limited
(Registration number 2007/016236/06)
(Incorporated in the Republic of South Africa)
Share code: AIP
(“Adcock Ingram” or the “Company”)
ACCEPTANCE OF CONDITIONAL SHARE AWARD ALLOCATIONS UNDER THE COMPANY’S
PERFORMANCE BASED LONG-TERM INCENTIVE SCHEME (PBLTIS)
The following annual allocations of conditional shares have been awarded to executive directors of
Adcock Ingram on 25 November 2020 at a market value of R43.80* and accepted off-market by them
on 24 February 2021, respectively, in accordance with the PBLTIS rules. Vesting, which occurs after
three years, is subject to the achievement of certain performance conditions. Performance will be
measured over the 3-year performance period commencing 1 July 2020 and ending 30 June 2023.
Executive Directors Scheme Number of Deemed
share awards value**
Andrew Hall PBLTIS 189 800 R8,218,340
Dorette Neethling PBLTIS 92 000 R3,983,600
Basadi Letsoalo PBLTIS 83 300 R3,606,890
*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 24 November 2020.
**Based on the prevailing market price of an Adcock Ingram share of R43.30 as at 24 February 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.
25 February 2021
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 25-02-2021 03:48:00
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