ADCORP HOLDINGS LIMITED - Dealing In Securities By Directors Of The Company, Major Subsidiaries And The Company Secretary

Dealing In Securities By Directors Of The Company, Major Subsidiaries And The Company Secretary

Adcorp Holdings Limited
Registration number 1974/001804/06
Share code: ADR
ISIN number: ZAE000000139
(“Adcorp” or “the Company”)

DEALING IN SECURITIES BY DIRECTORS OF THE COMPANY, MAJOR SUBSIDIARIES
AND THE COMPANY SECRETARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed in respect of off-market awards and acceptances
of Performance Shares (PFs) in respect of Adcorp ordinary shares.

The PFs performance criteria are as follows:

Return on invested capital (ROIC)- 50% weighting
No award for ROIC below the Weighted Average Cost of Capital (WACC)
50% awarded where ROIC exceeds WACC by 2%
100% awarded where ROIC exceeds WACC by 4%

Headline Earnings per Share (HEPS) Growth – 50% weighting
No award where HEPS growth is zero or below
50% awarded where HEPS growth is 10%
100% awarded where HEPS growth is 20%

Name of director:             I Dutiro
Date of acceptance:           28 June 2018
Number of shares:             316 698
Fair market price on
date of allocation:           R17.37 (PFs have a strike price of zero)
Total value:                  R5 500 000
Vesting date:                 20 June 2021
Nature of interest:           Direct Beneficial
Clearance obtained:           Yes

Name of director:             CJ Kujenga
Date of acceptance:           28 June 2018
Number of shares:             116 568
Fair market price on
date of allocation:           R17.37 (PFs have a strike price of zero)
Total value:                  R2 024 400
Vesting date:                 20 June 2021
Nature of interest:           Direct Beneficial
Clearance obtained:           Yes

Name of director:             MA Jurgens
Date of acceptance:           28 June 2018
Number of shares:             189 346
Fair market price on
date of allocation:           R17.37 (PFs have a strike price of zero)
Total value:                  R3 288 218
Vesting date:                 20 June 2021
Nature of interest:           Direct Beneficial
Clearance obtained:           Yes
Name of director of major
subsidiary (being Adcorp
Workforce Solutions(Pty)Ltd:   K Vittee
Date of acceptance:            28 June 2018
Number of shares:              74 132
Fair market price on
date of allocation:            R17.37 (PFs have a strike price of zero)
Total value:                   R1 287 426
Vesting date:                  20 June 2021
Nature of interest:            Direct Beneficial
Clearance obtained:            Yes

Name of director of major
subsidiary (being Adcorp
Holdings Australia(Pty)Ltd:    DM Cooper
Date of acceptance:            28 June 2018
Number of shares:              34 393
Fair market price on
date of allocation:            R17.37 (PFs have a strike price of zero)
Total value:                   R597 300
Vesting date:                  20 June 2021
Nature of interest:            Direct Beneficial
Clearance obtained:            Yes

Name of company secretary:     KH Fihrer
Date of acceptance:            28 June 2018
Number of shares:              24 472
Fair market price on
date of allocation:            R17.37 (PFs have a strike price of zero)
Total value:                   R424 998
Vesting date:                  20 June 2021
Nature of interest:            Direct Beneficial
Clearance obtained:            Yes

The fair market price detailed above has been rounded off to two decimal
places.

28 June 2018
Bryanston

Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 28/06/2018 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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