27 Jul - 4 min read

Exercise and Related Net-Equity Settlement of Share Options in Terms of the Adcorp Share Incentive Scheme

Exercise and Related Net-Equity Settlement of Share Options in Terms of the Adcorp Share Incentive Scheme

ADCORP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1974/001804/06
Share code: ADR & ISIN: ZAE000000139
("Adcorp" or "the Group")

EXERCISE AND RELATED NET-EQUITY SETTLEMENT OF SHARE OPTIONS IN
TERMS OF THE ADCORP SHARE INCENTIVE SCHEME

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the dealing in securities is disclosed, upon the exercise of the
share options, by way of settlement on a net-equity basis through the award of shares as
detailed below:

 PRESCRIBED OFFICER                               Bruce Toerien
 COMPANY OF WHICH A PRESCRIBED Adcorp
 OFFICER
 STATUS                                           Prescribed officer of Adcorp and executive
                                                  manager
 TYPE AND CLASS OF SECURITIES                     Options in relation to ordinary shares
 OPTION STRIKE PRICE                              R5.75
 NUMBER OF OPTIONS EXERCISED                      19 253
 EXERCISE DATE OF OPTIONS                         23 July 2021
 PERIOD OF EXERCISE                               21 – 23 July 2021
 NATURE OF TRANSACTION                            Exercise of options by the prescribed officer
                                                  at the last traded share price of R6.95 on 23
                                                  July 2021, and related after-tax net-equity
                                                  settlement       by      way       of      the
                                                  award of 19 253 shares to the director/officer
                                                  etc (Off-market transaction)
 NATURE AND EXTENT OF INTEREST IN                 Direct, beneficial
 THE TRANSACTION

 PRESCRIBED OFFICER OF ADCORP AND                 Kay Vittee
 DIRECTOR OF MAJOR SUBSIDIARY
 COMPANY OF WHICH A PRESCRIBED                    Adcorp
 OFFICER
 STATUS                                           Prescribed officer of Adcorp and executive
                                                  director of major subsidiary
 TYPE AND CLASS OF SECURITIES                     Options in relation to ordinary shares
 OPTION STRIKE PRICE                              R5.75
 NUMBER OF OPTIONS EXERCISED                      58 790
 EXERCISE DATE OF OPTIONS                         23 July 2021
PERIOD OF EXERCISE                                21 – 23 July 2021
NATURE OF TRANSACTION                             Exercise of options by the prescribed officer
                                                  at the last traded share price of R6.95 on 23
                                                  July 2021, and related after-tax net-equity
                                                  settlement       by      way       of      the
                                                  award of 58 790 shares to the director/officer
                                                  etc (Off-market transaction)
NATURE AND EXTENT OF INTEREST IN                  Direct, beneficial
THE TRANSACTION

PRESCRIBED OFFICER                                Rob De Grooth
COMPANY OF WHICH A PRESCRIBED                     Adcorp
OFFICER
STATUS                                            Prescribed officer of Adcorp and executive
                                                  manager
TYPE AND CLASS OF SECURITIES                      Options in relation to ordinary shares
OPTION STRIKE PRICE                               R5.75
NUMBER OF OPTIONS EXERCISED                       28 510
EXERCISE DATE OF OPTIONS                          23 July 2021
PERIOD OF EXERCISE                                21 – 23 July 2021
NATURE OF TRANSACTION                             Exercise of options by the prescribed officer
                                                  at the last traded share price of R6.95 on 23
                                                  July 2021, and related after-tax net-equity
                                                  settlement by way of the
                                                  award of 28 510 shares to the director/officer
                                                  etc (Off-market transaction)
NATURE AND EXTENT OF INTEREST IN                  Direct, beneficial
THE TRANSACTION

PRESCRIBED OFFICER OF ADCORP AND                  Vinolia Singh
DIRECTOR OF MAJOR SUBSIDIARY
COMPANY OF WHICH A PRESCRIBED                     Adcorp
OFFICER
STATUS                                            Prescribed officer of Adcorp and executive
                                                  director of major subsidiary
TYPE AND CLASS OF SECURITIES                      Options in relation to ordinary shares
OPTION STRIKE PRICE                               R5.75
NUMBER OF OPTIONS EXERCISED                       22 968
EXERCISE DATE OF OPTIONS                          23 July 2021
PERIOD OF EXERCISE                                21 – 23 July 2021
NATURE OF TRANSACTION                             Exercise of options by the prescribed officer
                                                  at the last traded share price of R6.95 on 23
                                                  July 2021, and related after-tax net-equity
                                                  settlement by way of the
                                                  award of 22 968 shares to the director/officer
                                                  etc (Off-market transaction)
NATURE AND EXTENT OF INTEREST IN                  Direct, beneficial
THE TRANSACTION

PRESCRIBED OFFICER                                Lee Young
COMPANY OF WHICH A PRESCRIBED                     Adcorp
OFFICER
STATUS                                            Senior Manager and prescribed officer of
                                                  Adcorp
TYPE AND CLASS OF SECURITIES                      Options in relation to ordinary shares
OPTION STRIKE PRICE                               R5.75
NUMBER OF OPTIONS EXERCISED                       7 664
EXERCISE DATE OF OPTIONS                          23 July 2021
PERIOD OF EXERCISE                                21 – 23 July 2021
NATURE OF TRANSACTION                             Exercise of options by the prescribed officer
                                                  at the last traded share price of R6.95 on 23
                                                  July 2021, and related after-tax net-equity
                                                  settlement       by      way       of     the
                                                  award of 7 664 shares to the director/officer
                                                  etc (Off-market transaction)
NATURE AND EXTENT OF INTEREST IN                  Direct, beneficial
THE TRANSACTION

PRESCRIBED OFFICER                                Mike O’Donoghue
COMPANY OF WHICH A PRESCRIBED                     Adcorp
OFFICER
STATUS                                            Senior Manager and prescribed officer of
                                                  Adcorp
TYPE AND CLASS OF SECURITIES                      Options in relation to ordinary shares
OPTION STRIKE PRICE                               R5.75
NUMBER OF OPTIONS EXERCISED                       8 219
EXERCISE DATE OF OPTIONS                          23 July 2021
PERIOD OF EXERCISE                                21 – 23 July 2021
NATURE OF TRANSACTION                             Exercise of options by the prescribed officer
                                                  at the last traded share price of R6.95 on 23
                                                  July 2021, and related after-tax net-equity
                                                  settlement       by      way       of     the
                                                  award of 8 219 shares to the director/officer
                                                  etc (Off-market transaction)
NATURE AND EXTENT OF INTEREST IN                  Direct, beneficial
THE TRANSACTION

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

Johannesburg
27 July 2021

Sponsor
PSG Capital

Date: 27-07-2021 03:15:00
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