ADCORP HOLDINGS LIMITED - Settlement of shares in terms of the Adcorp Share Plan

Settlement of shares in terms of the Adcorp Share 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”)

SETTLEMENT OF SHARES IN TERMS OF THE ADCORP SHARE PLAN

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements,
the following information regarding the settlement of performance shares (“Awards”)
to the company secretary, prescribed officers and director of a major subsidiary of
the Company in terms of the Adcorp Share Plan is disclosed:

 NAME OF COMPANY SECRETARY                 Lisa Laporte

 COMPANY OF WHICH THE COMPANY              Adcorp
 SECRETARY

 STATUS                                    Company secretary of Adcorp

 TYPE AND CLASS OF SECURITIES              Ordinary shares

 NATURE OF TRANSACTION                     Settlement of ordinary shares as a result
                                           of the vesting of Awards in terms of the
                                           Adcorp Share Plan (net of tax)
                                           (Off-market transaction)

 SETTLEMENT DATE                           05 July 2022

 NUMBER OF SHARES SETTLED                  4 161

 PRICE PER SETTLED SHARE                   No Cost

 DEEMED VALUE AT SETTLEMENT                R24 966.00 (At the price per share on
                                           the date of settlement, being R6.00
                                           per share)

 NATURE AND EXTENT OF INTEREST IN THE      Direct, beneficial
 TRANSACTION


 NAME OF PRESCRIBED OFFICER                Rob De Grooth

 COMPANY OF WHICH A PRESCRIBED             Adcorp
 OFFICER
 STATUS                                    Prescribed officer of Adcorp and
                                           Managing Director: Contingent and
                                           Functional Outsourcing

 TYPE AND CLASS OF SECURITIES              Ordinary shares

 NATURE OF TRANSACTION                     Settlement of ordinary shares as a result
                                           of the vesting of Awards in terms of the
                                           Adcorp Share Plan (net of tax)
                                           (Off-market transaction)

 SETTLEMENT DATE                           05 July 2022

 NUMBER OF SHARES SETTLED                  20 937

 PRICE PER SETTLED SHARE                   No Cost

 DEEMED VALUE AT SETTLEMENT                R125 622.00 (At the price per share on
                                           the date of settlement, being R6.00
                                           per share)
 
 NATURE AND EXTENT OF INTEREST IN THE      Direct, beneficial
 TRANSACTION


 NAME OF PRESCRIBED OFFICER                Bruce Toerien

 COMPANY OF WHICH A PRESCRIBED             Adcorp
 OFFICER

 STATUS                                    Prescribed officer of Adcorp and
                                           Managing Director: Training

 TYPE AND CLASS OF SECURITIES              Ordinary shares

 NATURE OF TRANSACTION                     Settlement of ordinary shares as a result
                                           of the vesting of Awards in terms of the
                                           Adcorp Share Plan (net of tax)
                                           (Off-market transaction)

 SETTLEMENT DATE                           05 July 2022

 NUMBER OF SHARES SETTLED                  8 271
 
 PRICE PER SETTLED SHARE                   No Cost

 DEEMED VALUE AT SETTLEMENT                R49 626.00 (At the price per share on
                                           the date of settlement, being R6.00
                                           per share)
 
 NATURE AND EXTENT OF INTEREST IN THE      Direct, beneficial
 TRANSACTION


 NAME     OF   DIRECTOR     OF    MAJOR    Vinolia Singh
 SUBSIDIARY

 COMPANY OF WHICH A DIRECTOR               Adcorp Workforce Solutions

 STATUS                                    Director of major subsidiary of Adcorp

 TYPE AND CLASS OF SECURITIES              Ordinary shares

 NATURE OF TRANSACTION                     Settlement of ordinary shares as a result
                                           of the vesting of Awards in terms of the
                                           Adcorp Share Plan (net of tax)
                                           (Off-market transaction)

 SETTLEMENT DATE                           05 July 2022

 NUMBER OF SHARES SETTLED                  20 890

 PRICE PER SETTLED SHARE                   No Cost

 DEEMED VALUE AT SETTLEMENT                R125 340.00 (At the price per share on
                                           the date of settlement, being R6.00
                                           per share)

 NATURE AND EXTENT OF INTEREST IN THE      Direct, beneficial
 TRANSACTION

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited
Listings Requirements.

Johannesburg
06 July 2022

Sponsor
PSG Capital

Date: 06-07-2022 01:16:00
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