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ADCOCK INGRAM HOLDINGS LIMITED - Acceptance of conditional share awards under the Companys Performance Based Long Term Incentive Scheme (PBLTIS)

Release Date: 20/11/2019 12:57
Code(s): AIP     PDF:  
Wrap Text
Acceptance of conditional share awards under the Company’s Performance Based Long Term Incentive Scheme (PBLTIS)

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


In compliance with the JSE Limited Listings Requirements, the following information is disclosed:

The following annual allocations of conditional shares have been awarded to executive directors of the
Company mentioned below on 26 September 2019 and accepted off-market on 19 November 2019,
in accordance with the PBLTIS rules. Vesting, which occurs after three years, is subject to the
achievement of certain performance conditions. Performance will be measured over the three-year
performance period commencing 1 July 2019 and ending 30 June 2022.

Executive Directors         Scheme          Number of           Grant price        Transaction
                                            conditional                            value
                                            shares granted
Andrew Hall                 PBLTIS          155,000             R58.02*            R8 993 100
Dorette Neethling           PBLTIS          64,000              R58.02*            R3 713 280
Basadi Letsoalo             PBLTIS          59,000              R58.02*            R3 423 180

Clearance has been received in respect of the above transactions. *Representing the volume weighted average
traded price of the Company’s shares on 25 September 2019.

20 November 2019

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 20/11/2019 12:57:00
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