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Dealings in securities by Adcock Ingram Limited and executive directors
Adcock Ingram Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2007/016236/06)
Share code: AIP
ISIN: ZAE000123436
(‘Adcock Ingram’ or ‘the Company’)
DEALINGS IN SECURITIES BY ADCOCK INGRAM LIMITED AND EXECUTIVE DIRECTORS
In compliance with paragraphs 3.63 to 3.74 (both inclusive) and 3.92 of the Listings Requirements of the JSE
Limited, the following information is disclosed:
The Performance Based Long-Term Incentive Scheme (PBLTIS) conditional shares awarded to executive
directors on 26 September 2019, have vested at an achievement proportion of 72%, after the Company
applied the related performance conditions during the performance period from 1 July 2019 and ending on
30 June 2022. These awards were granted on condition that vesting of 75% occurs after three years and
25% after four years, subject to the achievement of certain performance conditions.
Adcock Ingram Limited, a wholly owned subsidiary of Adcock Ingram, disposed of Adcock Ingram
ordinary shares in the open market on behalf of participants of the PBLTIS, in accordance with the
PBLTIS rules, in order to satisfy the obligations arising from the vesting of PBLTIS conditional
share awards. The details are set out below.
Company Adcock Ingram Limited
Date of transaction 10 October 2022
Nature of transaction On-market sale of securities to satisfy the obligations
arising from the vesting of PBLTIS conditional share
awards
Number of securities 57 498
Class of securities Ordinary shares
Volume weighted average selling price R48.59 per share
Highest price R48.60 per share
Lowest price R48.50 per share
Value of transaction R2 793 586.00
Nature of interest Direct beneficial
Date of transaction 11 October 2022
Nature of transaction On-market sale of securities to satisfy the obligations
arising from the vesting of PBLTIS conditional share
awards
Number of securities 91 687
Class of securities Ordinary shares
Volume weighted average selling price R48.65 per share
Highest price R49.00 per share
Lowest price R48.50 per share
Value of transaction R4 460 408.00
Nature of interest Direct beneficial
Date of transaction 13 October 2022
Nature of transaction On-market sale of securities to satisfy the obligations
arising from the vesting of PBLTIS conditional share
awards
Number of securities 129 455
Class of securities Ordinary shares
Volume weighted average selling price R47.60 per share
Highest price R48.25 per share
Lowest price R46.10 per share
Value of transaction R6 162 213.00
Nature of interest Direct beneficial
Shareholders are further advised of the dealings in the Company’s securities by executive directors
as disclosed below.
Director: Andrew Hall
Company Adcock Ingram
Date of transaction 12 October 2022
Nature of transaction On market sale of shares pursuant to the
vesting of conditional share awards in terms
of the PBLTIS
Class of securities Ordinary shares
Number of vesting conditional share 83 700
awards
Option award price Nil
Exercise and sale price per share R49.50
Value of transaction R4 143 150.00
Nature of interest Direct beneficial
Director: Dorette Neethling
Company Adcock Ingram
Date of transaction 12 October 2022
Nature of transaction On market sale of shares pursuant to the
vesting of the conditional share awards in
terms of the PBLTIS
Class of securities Ordinary shares
Number of vesting conditional share 34 560
awards
Option award price Nil
Exercise and sale price per share R49.50
Value of transaction R1 710 720.00
Nature of interest Direct beneficial
Director: Basadifeela Letsoalo
Company Adcock Ingram
Date of transaction 12 October 2022
Nature of transaction On market sale of shares pursuant to the
vesting of the conditional share awards in
terms of the PBLTIS
Class of securities Ordinary shares
Number of vesting conditional share 31 860
awards
Option award price Nil
Exercise and sale price per share R49.50
Value of transaction R1 577 070.00
Nature of interest Direct beneficial
The requisite clearance has been received in respect of the above transactions.
Midrand
14 October 2022
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 14-10-2022 03:55:00
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