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Acceptance of awards in terms of the Adcorp Long-Term Incentive (“LTI”) Plan
ADCORP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1974/001804/06
Share code: ADR
ISIN: ZAE000000139
("Adcorp" or "the Company")
ACCEPTANCE OF AWARDS IN TERMS OF THE ADCORP LONG-TERM
INCENTIVE ("LTI") PLAN
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the acceptance of awards by participants in terms of the
Adcorp LTI Plan are herewith disclosed:
NAME OF PARTICIPANTS Dr John Wentzel (1)
Mr Noel Prendergast (2)
Mr Bruce Toerien (3)
Mr Praanesh Prasad (4)
Ms Vinolia Singh (5)
Ms Heidi Duvenage (6)
COMPANY OF WHICH A DIRECTOR Adcorp Holdings Limited (1 – 2)
Adcorp Workforce Solutions (5)
COMPANY OF WHICH A PRESCRIBED Adcorp Holdings Limited (3, 4 & 6)
OFFICER
STATUS Executive Director (1 – 2)
Prescribed Officer and Managing Director:
Contingent (3)
Prescribed Officer and Managing Director:
Adcorp Australia (4)
Director of Major Subsidiary - Adcorp
Workforce Solutions: Chief People Officer
(5)
Prescribed Officer and Managing Director:
Professional (6)
CLASS OF SECURITIES Ordinary Shares (1 – 6)
NATURE OF TRANSACTIONS Acceptance of awards in terms of the
Adcorp LTI Plan (Non-Schedule 14 Plan)
through the award of forfeitable shares (or
the right to receive same) and conditional
shares (off-market transactions) (1 – 6)
DATE OF ACCEPTANCE OF AWARD 16 July 2024 (1 – 6)
DATE OF VESTING 1 June 2027 (1 – 6)
(Subject to the fulfilment of vesting
conditions per the new Adcorp LTI Plan)
DEEMED PRICE PER SHARE R3.74 (1 – 6)
(Based on the 7-day volume weighted
average price on 11 June 2024)
NUMBER OF SECURITIES AWARDED 1 308 667 (1)
(FORFEITABLE SHARES) 519 988 (2)
201 828 (3)
281 198 (4)
165 920 (5)
195 722 (6)
NUMBER OF SECURITIES AWARDED 560 857 (1)
(CONDITIONAL SHARES) 222 852 (2)
302 742 (3)
421 797 (4)
387 146 (5)
293 583 (6)
DEEMED TOTAL RAND VALUE OF R 6 992 019.76 (1)
SECURITIES (FORFEITABLE AND R 2 778 221.60 (2)
CONDITIONAL SHARES) R 1 887 091.80 (3)
R 2 629 201.30 (4)
R 2 068 466.84 (5)
R 1 830 000.70 (6)
(Based on deemed price per share)
NATURE AND EXTENT OF PARTICIPANTS Direct, beneficial
INTEREST IN THE TRANSACTIONS
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.
Johannesburg
17 July 2024
Sponsor
Valeo Capital (Pty) Ltd
Date: 17-07-2024 05:05:00
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