ADCOCK INGRAM HOLDINGS LIMITED - Settlement reached in Competition Commission investigation

Settlement reached in Competition Commission investigation

Adcock Ingram Holdings Limited
(Registration number 2007/016236/06)
(Incorporated in the Republic of South Africa)
Share code: AIP
ISIN: ZAE000123436
(“Adcock Ingram”)


Settlement reached in Competition Commission investigation

Shareholders are advised that a settlement has been reached
in respect of a complaint referral to the Competition Tribunal
by the Competition Commission, alleging that Adcock Ingram
and other respondents (collectively, “the respondents”) had
possibly contravened section 13A(3) of the Competition Act 89
of 1998, as amended, by pre-implementation of a merger.

In order to avoid protracted and expensive litigation, the
respondents have, without admitting guilt, reached a
settlement with the Competition Commission. The settlement
has been confirmed by the Competition Tribunal.

As part of the settlement, the respondents have agreed to pay
a settlement amount of R2 million and to develop, implement
and monitor a competition law compliance programme for senior
management and directors.


Midrand
15 June 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 15/06/2017 11:11:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.