ADCORP HOLDINGS LIMITED - Acceptance of awards in terms of the Adcorp Long-Term Incentive (LTI) Plan

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 Nick Najjar      (4)
                                             Mr Praanesh Prasad  (5)
                                             Ms Vinolia Singh    (6)
                                             Ms Lisa Laporte     (7)
 
 COMPANY OF WHICH A DIRECTOR                 Adcorp Holdings Limited (1 – 2)
                                             Adcorp Workforce Solutions  (6)

 COMPANY OF WHICH A PRESCRIBED               Adcorp Holdings Limited (3 – 5)
 OFFICER

 COMPANY OF WHICH THE COMPANY                Adcorp Holdings Limited (7)
 SECRETARY

 STATUS                                      Executive Director (1 – 2)

                                             Prescribed Officer and Managing Director:
                                             Contingent (3)

                                             Prescribed Officer and Managing Director:
                                             Professional (4)

                                             Prescribed Officer and Managing Director:
                                             Adcorp Australia (5)

                                             Director of Adcorp Workforce Solutions:
                                             Chief People Officer (6)

                                             Company Secretary (7)

 CLASS OF SECURITIES                         Ordinary Shares (1 – 7)


 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 – 7)


 DATE OF ACCEPTANCE OF AWARD                 29 February 2024 (1 – 7)


 DATE OF VESTING                             1 June 2026 (1 – 7)
                                             (Subject to the fulfilment of vesting
                                             conditions per the new Adcorp LTI Plan)


 DEEMED PRICE PER SHARE (CENTS)              R3.92 (1 – 7)
                                             (Based on the 7-day volume weighted
                                             average price on 27 February 2024)


 NUMBER OF SECURITIES AWARDED                873 272 (1)
 (FORFEITABLE SHARES)                        348 972 (2)
                                             135 321 (3)
                                             139 459 (4)
                                             200 740 (5)
                                             111 564 (6)
                                              72 028 (7)


 NUMBER OF SECURITIES AWARDED                374 259 (1)
 (CONDITIONAL SHARES)                        149 559 (2)
                                             202 981 (3)
                                             209 189 (4)
                                             301 110 (5)
                                             260 316 (6)
                                             168 064 (7)


 DEEMED TOTAL RAND VALUE OF                  R 4 890 321.52 (1)
 SECURITIES (FORFEITABLE AND                 R 1 954 241.52 (2)
 CONDITIONAL SHARES)                         R 1 326 143.84 (3)
                                             R 1 366 700.16 (4)
                                             R 1 967 252.00 (5)
                                             R 1 457 769.60 (6)
                                             R   941 160.64 (7)
                                             (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
5 March 2024


Sponsor
Valeo Capital (Pty) Ltd

Date: 05-03-2024 12:20:00
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