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Dealing in shares by an Associate of Directors

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

DEALING IN SHARES BY AN ASSOCIATE OF DIRECTORS

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:

NAME OF DIRECTOR Mr S Sithole and Mr MM Nkosi
COMPANY OF WHICH A DIRECTOR Adcorp Holding Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Non-executive directors
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Acquisition of shares by an associate of directors (on-market transaction)
DATE OF TRANSACTION 11 February 2021
PRICE PER SECURITY R6.50
NUMBER OF SECURITIES TRANSACTED 4 315 487
TOTAL RAND VALUE OF SECURITIES TRANSACTED R28 050 655.50
NATURE AND EXTENT OF INTEREST IN THE TRANSACTION Indirect, beneficial
NAME OF ASSOCIATE Value Capital Partners Proprietary Limited (“VCP”), which is the registered investment manager to Value Capital Partners H4 QI Hedge Fund and various other funds
RELATIONSHIP WITH DIRECTORS Directors

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

 

Johannesburg

16 February 2021

 

Sponsor

PSG Capital

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