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 OFFICER | Adcorp |
| 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 THE TRANSACTION | Direct, beneficial
|
| PRESCRIBED OFFICER OF ADCORP AND DIRECTOR OF MAJOR SUBSIDIARY | Kay Vittee |
| COMPANY OF WHICH A PRESCRIBED OFFICER | Adcorp |
| 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 THE TRANSACTION | Direct, beneficial
|
| PRESCRIBED OFFICER | Rob De Grooth |
| COMPANY OF WHICH A PRESCRIBED OFFICER | Adcorp |
| 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 THE TRANSACTION | Direct, beneficial
|
| PRESCRIBED OFFICER OF ADCORP AND DIRECTOR OF MAJOR SUBSIDIARY | Vinolia Singh |
| COMPANY OF WHICH A PRESCRIBED OFFICER | Adcorp |
| 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 THE TRANSACTION | Direct, beneficial
|
| PRESCRIBED OFFICER | Lee Young |
| COMPANY OF WHICH A PRESCRIBED OFFICER | Adcorp |
| 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 THE TRANSACTION | Direct, beneficial
|
| PRESCRIBED OFFICER | Mike O’Donoghue |
| COMPANY OF WHICH A PRESCRIBED OFFICER | Adcorp |
| 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 THE TRANSACTION | Direct, beneficial
|
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