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Dealing in Securities: Award and Acceptance of Shares in Terms of the Adcorp Share Plan

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 SECURITIES: AWARD AND ACCEPTANCE OF SHARES IN TERMS OF THE ADCORP SHARE PLAN

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the acceptance of conditional awards of performance shares (“Awards”) by directors, the company secretary, prescribed officers and directors of a major subsidiary of Adcorp, in terms of the Adcorp Share Plan is disclosed:

NAME OF PARTICIPANTS Dr John Wentzel                                         (1)

Mr Noel Prendergast                                  (2)

Mr Robert De Grooth                                 (3)

Mr Bruce Toerien                                        (4)

Mr Nick Najjar                                             (5)

Ms Lisa Laporte                                          (6)

Ms Vinolia Singh                                         (7)

Ms Masechaba Masemola                         (8)
COMPANY OF WHICH A DIRECTOR Adcorp                                                        (1-2)
COMPANY OF WHICH A PRESCRIBED OFFICER Adcorp                                                        (3-5)
COMPANY OF WHICH THE COMPANY SECRETARY Adcorp                                                        (6)
COMPANY OF WHICH A DIRECTOR OF A MAJOR SUBSIDIARY Adcorp Workforce Solutions                (7-8)
STATUS

 

 Executive Director                                  (1-2)

 

Prescribed Officer of Adcorp and

Managing Director: Contingent Staffing and Functional Outsourcing                    (3)

 

Prescribed Officer of Adcorp and

Managing Director: Training                  (4)

 

Prescribed Officer of Adcorp and Managing Director: Professional           (5)

 

Company Secretary                                   (6)

 

Director of a major subsidiary of Adcorp                                                                         (7-8)
TYPE AND CLASS OF SECURITIES Ordinary shares                                      (1-8)
NATURE OF TRANSACTION Acceptance of Awards in terms of the Adcorp Share Plan

(Off-market transaction)                      (1-8)
AWARD DATE 14 December 2022                                 (1-8)
DATE OF ACCEPTANCE OF AWARDS 13 January 2023*                                   (1-8)
NUMBER OF AWARDS ACCEPTED 614 878                                                        (1)

245 481                                                        (2)

184 148                                                        (3)

94 747                                                          (4)

136 953                                                        (5)

71 136                                                           (6)

146 494                                                        (7)

61 047                                                          (8)
AWARD PRICE PER SECURITY (CENTS) Zero Cost                                                  (1-8)
VESTING DATE OF AWARDS 13 December 2025                                  (1-8)
NATURE AND EXTENT OF INTEREST IN THE TRANSACTION Direct, beneficial                                     (1-8)

* Closing share price on 12 January 2023 is R5.27 per share.

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

Johannesburg

16 January 2023

Sponsor

PSG Capital

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