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SETTLEMENT 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“)

SETTLEMENT 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 settlement of performance shares (“Awards”) in terms of the Adcorp Share Plan is disclosed:

1.

NAME OF DIRECTOR Noel Prendergast
COMPANY OF WHICH A DIRECTOR Adcorp
STATUS Executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Settlement of ordinary shares as a result of the vesting of Awards in terms of the Adcorp Share Plan (net of tax)

(off-market transaction)

VESTING DATE 30 November 2023
SETTLEMENT DATE 8 December 2023
NUMBER OF SHARES SETTLED 141 935
DEEMED PRICE PER SETTLED SHARE (CENTS) 400 (closing price on date of vesting)
DEEMED RAND VALUE AT SETTLEMENT R567 740
NATURE AND EXTENT OF DIRECTOR’S INTEREST IN THE TRANSACTION Direct, beneficial

2.

NAME OF COMPANY SECRETARY Lisa Laporte
COMPANY OF WHICH THE COMPANY SECRETARY Adcorp
STATUS Company Secretary
TYPE AND CLASS OF SECURITIES Ordinary shares

 

NATURE OF TRANSACTION Settlement of ordinary shares as a result of the vesting of Awards in terms of the Adcorp Share Plan (net of tax)

(off-market transaction)

VESTING DATE 30 November 2023
SETTLEMENT DATE 8 December 2023
NUMBER OF SHARES SETTLED 79 519
DEEMED PRICE PER SETTLED SHARE (CENTS) 400 (closing price on date of vesting)
DEEMED RAND VALUE AT SETTLEMENT R318 076
NATURE AND EXTENT OF COMPANY SECRETARY’S INTEREST IN THE TRANSACTION Direct, beneficial

3.

NAME OF PRESCRIBED OFFICER Robert De Grooth
COMPANY OF WHICH A PRESCRIBED OFFICER Adcorp
STATUS Prescribed officer of Adcorp and Managing Director: Functional Outsourcing
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Settlement of ordinary shares as a result of the vesting of Awards in terms of the Adcorp Share Plan (net of tax)

(off-market transaction)

VESTING DATE 30 November 2023
SETTLEMENT DATE 8 December 2023
NUMBER OF SHARES SETTLED 133 091
DEEMED PRICE PER SETTLED SHARE (CENTS) 400 (closing price on date of vesting)
DEEMED RAND VALUE AT SETTLEMENT R532 364
NATURE AND EXTENT OF PRESCRIBED OFFICER’S INTEREST IN THE TRANSACTION Direct, beneficial

4.

NAME OF PRESCRIBED OFFICER Bruce Toerien
COMPANY OF WHICH A PRESCRIBED OFFICER Adcorp
STATUS Prescribed officer of Adcorp and Managing Director: Contingent Staffing
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Settlement of ordinary shares as a result of the vesting of Awards in terms of the Adcorp Share Plan (net of tax)

(off-market transaction)

VESTING DATE 30 November 2023
SETTLEMENT DATE 8 December 2023
NUMBER OF SHARES SETTLED 102 551
DEEMED PRICE PER SETTLED SHARE (CENTS) 400 (closing price on date of vesting)
DEEMED RAND VALUE AT SETTLEMENT R410 204
NATURE AND EXTENT OF PRESCRIBED OFFICER’S INTEREST IN THE TRANSACTION Direct, beneficial

5.

NAME      OF     DIRECTOR      OF                MAJOR SUBSIDIARY Vinolia Singh
COMPANY OF WHICH A DIRECTOR Adcorp Workforce Solutions
STATUS Director of a major subsidiary of Adcorp
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Settlement of ordinary shares as a result of the vesting of Awards in terms of the Adcorp Share Plan (net of tax)

(Off-market transaction)

VESTING DATE 30 November 2023
SETTLEMENT DATE 8 December 2023
NUMBER OF SHARES SETTLED 132 030

 

DEEMED PRICE PER SETTLED SHARE (CENTS) 400 (closing price on date of vesting)
DEEMED RAND VALUE AT SETTLEMENT R528 120
NATURE AND EXTENT OF DIRECTOR’S 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

14 December 2023

Sponsor

Valeo Capital (Pty) Ltd

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