ADCORP HOLDINGS LIMITED - Allocation and acceptance of performance shares by Executive Directors and Directors of major subsidiaries

Allocation and acceptance of performance shares by Executive Directors and Directors of major subsidiaries

Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1974/001804/06)
(“Adcorp” or “the Company” or “the Group”)
Share code: ADR    ISIN: ZAE000000139

ALLOCATION   AND  ACCEPTANCE   OF   PERFORMANCE  SHARES   BY
EXECUTIVE DIRECTORS AND DIRECTORS OF MAJOR SUBSIDIARIES

In compliance with paragraphs 3.63 to 3.74 of the Listings
Requirements of the JSE Limited, shareholders are advised
that performance shares (“Performance Shares”) in Adcorp
have been offered to eligible Group employees.         These
Performance Shares were offered on 27 February 2014 at a
strike price of 3380 cents per share. This allocation was
approved by the Nominations and Remunerations Committee.


The acceptance date in respect of the off-market awards of
Performance Shares by the beneficiaries listed below is 27
February   2014.  Approval   to  grant   and  accept  these
performance shares was obtained from the Chairperson of the
Nominations and Remunerations Committee.


Name of director:             RL Pike
Date of transaction:          27 February 2014
Nature of transaction:        Acceptance of Performance Shares
Number of shares:             450 000
Allocated Price:              3380 cents per share
Total value:                  R15 210 000
Vesting date:                 27 February 2017
Nature of interest:           Direct Beneficial


Name of director:             PC Swart
Date of transaction:          27 February 2014
Nature of transaction:        Acceptance of Performance Shares
Number of shares:             412 500
Allocated Price:              3380 cents per share
Total value:                  R13 942 500
Vesting date:                 27 February 2017
Nature of interest:           Direct Beneficial
Name of director:             C Bomela
Date of transaction:          27 February 2014
Nature of transaction:        Acceptance of Performance Shares
Number of shares:             40 000
Allocated Price:              3380 cents per share
Total value:                  R1 352 000
Vesting date:                 27 February 2017
Nature of interest:           Direct Beneficial


Name of director:             AM Sher
Date of transaction:          27 February 2014
Nature of transaction:        Acceptance of Performance Shares
Number of shares:             145 000
Allocated Price:              3380 cents per share
Total value:                  R4 901 000
Vesting date:                 27 February 2017
Nature of interest:           Direct Beneficial


Name of director:             BE Bulunga
Date of transaction:          27 February 2014
Nature of transaction:        Acceptance of Performance Shares
Number of shares:             40 000
Allocated Price:              3380 cents per share
Total value:                  R1 352 000
Vesting date:                 27 February 2017
Nature of interest:           Direct Beneficial


Name of major subsidiary director: MA Jurgens
Date of transaction:          27 February 2014
Nature of transaction:        Acceptance of Performance Shares
Number of shares:             105 000
Allocated Price:              3380 cents per share
Total value:                  R3 549 000
Vesting date:                 27 February 2017
Nature of interest:           Direct Beneficial
Name of major subsidiary director: MJ Levenstein
Date of transaction:          27 February 2014
Nature of transaction:        Acceptance of Performance Shares
Number of shares:             70 000
Allocated Price:              3380 cents per share
Total value:                  R2 366 000
Vesting date:                 27 February 2017
Nature of interest:           Direct Beneficial


Name of major subsidiary director: AC Fenn
Date of transaction:          27 February 2014
Nature of transaction:        Acceptance of Performance Shares
Number of shares:             105 000
Allocated Price:              3380 cents per share
Total value:                  R3 549 000
Vesting date:                 27 February 2017
Nature of interest:           Direct Beneficial



    27 February 2014

    Bryanston

    Sponsor
    Deloitte & Touche Sponsor Services (Pty) Ltd

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