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") in terms of
the Adcorp Share Plan is disclosed:

1.
 NAME OF DIRECTOR                                Noel Prendergast

 COMPANY OF WHICH A DIRECTOR                     Adcorp

 STATUS                                          Executive

 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)

 VESTING DATE                                    30 November 2023

 SETTLEMENT DATE                                 8 December 2023

 NUMBER OF SHARES SETTLED                        141 935
 
 DEEMED PRICE PER SETTLED SHARE                  400 (closing price on date of vesting)
 (CENTS)

 DEEMED RAND VALUE AT SETTLEMENT                 R567 740

 NATURE AND EXTENT OF DIRECTOR'S                 Direct, beneficial
 INTEREST IN THE TRANSACTION

2.
 NAME OF COMPANY SECRETARY                       Lisa Laporte

 COMPANY OF WHICH THE COMPANY                    Adcorp
 SECRETARY

 STATUS                                          Company Secretary

 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)

 VESTING DATE                                    30 November 2023

 SETTLEMENT DATE                                 8 December 2023

 NUMBER OF SHARES SETTLED                        79 519

 DEEMED PRICE PER SETTLED SHARE                  400 (closing price on date of vesting)
 (CENTS)

 DEEMED RAND VALUE AT SETTLEMENT                 R318 076

 NATURE AND EXTENT OF COMPANY                    Direct, beneficial
 SECRETARY'S INTEREST IN THE
 TRANSACTION

3.
 NAME OF PRESCRIBED OFFICER                      Robert De Grooth

 COMPANY OF WHICH A PRESCRIBED                   Adcorp
 OFFICER

 STATUS                                          Prescribed officer of Adcorp and
                                                 Managing Director: 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)

 VESTING DATE                                    30 November 2023

 SETTLEMENT DATE                                 8 December 2023

 NUMBER OF SHARES SETTLED                        133 091

 DEEMED PRICE PER SETTLED SHARE                  400 (closing price on date of vesting)
 (CENTS)

 DEEMED RAND VALUE AT SETTLEMENT                 R532 364

 NATURE AND EXTENT OF PRESCRIBED                 Direct, beneficial
 OFFICER'S INTEREST IN THE
 TRANSACTION

4.
 NAME OF PRESCRIBED OFFICER                      Bruce Toerien

 COMPANY OF WHICH A PRESCRIBED                   Adcorp
 OFFICER

 STATUS                                          Prescribed officer of Adcorp and
                                                 Managing Director: Contingent Staffing

 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)

 VESTING DATE                                    30 November 2023

 SETTLEMENT DATE                                 8 December 2023

 NUMBER OF SHARES SETTLED                        102 551

 DEEMED PRICE PER SETTLED SHARE                  400 (closing price on date of vesting)
 (CENTS)

 DEEMED RAND VALUE AT SETTLEMENT                 R410 204

 NATURE AND EXTENT OF PRESCRIBED                 Direct, beneficial
 OFFICER'S INTEREST IN THE
 TRANSACTION

5.
 NAME OF DIRECTOR OF MAJOR                       Vinolia Singh
 SUBSIDIARY

 COMPANY OF WHICH A DIRECTOR                     Adcorp Workforce Solutions

 STATUS                                          Director of a 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)

 VESTING DATE                                    30 November 2023

 SETTLEMENT DATE                                 8 December 2023

 NUMBER OF SHARES SETTLED                        132 030
 
 DEEMED PRICE PER SETTLED SHARE                  400 (closing price on date of vesting)
 (CENTS)

 DEEMED RAND VALUE AT SETTLEMENT                 R528 120

 NATURE AND EXTENT OF DIRECTOR'S                 Direct, beneficial
 INTEREST IN THE TRANSACTION

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

Johannesburg
14 December 2023

Sponsor
Valeo Capital (Pty) Ltd

Date: 14-12-2023 02:00:00
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