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 | 31 May 2021 (1)
1 June 2021 (2) |
| PRICE PER SECURITY | R6.49 (1)
R6.3002 (2) |
| NUMBER OF SECURITIES TRANSACTED
|
341 081 (1)
553 000 (2) |
| TOTAL RAND VALUE OF SECURITIES TRANSACTED | R2 213 615.69 (1)
R3 484 010.60 (2)
|
| 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
4 June 2021
Sponsor
PSG Capital