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Exercise and Related Net-Equity Settlement of Share Options in Terms of the Adcorp Share Incentive Scheme
ADCORP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1974/001804/06
Share code: ADR & ISIN: ZAE000000139
("Adcorp" or "the Group")
EXERCISE AND RELATED NET-EQUITY SETTLEMENT OF SHARE OPTIONS IN
TERMS OF THE ADCORP SHARE INCENTIVE SCHEME
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the dealing in securities is disclosed, upon the exercise of the
share options, by way of settlement on a net-equity basis through the award of shares as
detailed below:
PRESCRIBED OFFICER Bruce Toerien
COMPANY OF WHICH A PRESCRIBED Adcorp
OFFICER
STATUS Prescribed officer of Adcorp and executive
manager
TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares
OPTION STRIKE PRICE R5.75
NUMBER OF OPTIONS EXERCISED 19 253
EXERCISE DATE OF OPTIONS 23 July 2021
PERIOD OF EXERCISE 21 – 23 July 2021
NATURE OF TRANSACTION Exercise of options by the prescribed officer
at the last traded share price of R6.95 on 23
July 2021, and related after-tax net-equity
settlement by way of the
award of 19 253 shares to the director/officer
etc (Off-market transaction)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
PRESCRIBED OFFICER OF ADCORP AND Kay Vittee
DIRECTOR OF MAJOR SUBSIDIARY
COMPANY OF WHICH A PRESCRIBED Adcorp
OFFICER
STATUS Prescribed officer of Adcorp and executive
director of major subsidiary
TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares
OPTION STRIKE PRICE R5.75
NUMBER OF OPTIONS EXERCISED 58 790
EXERCISE DATE OF OPTIONS 23 July 2021
PERIOD OF EXERCISE 21 – 23 July 2021
NATURE OF TRANSACTION Exercise of options by the prescribed officer
at the last traded share price of R6.95 on 23
July 2021, and related after-tax net-equity
settlement by way of the
award of 58 790 shares to the director/officer
etc (Off-market transaction)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
PRESCRIBED OFFICER Rob De Grooth
COMPANY OF WHICH A PRESCRIBED Adcorp
OFFICER
STATUS Prescribed officer of Adcorp and executive
manager
TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares
OPTION STRIKE PRICE R5.75
NUMBER OF OPTIONS EXERCISED 28 510
EXERCISE DATE OF OPTIONS 23 July 2021
PERIOD OF EXERCISE 21 – 23 July 2021
NATURE OF TRANSACTION Exercise of options by the prescribed officer
at the last traded share price of R6.95 on 23
July 2021, and related after-tax net-equity
settlement by way of the
award of 28 510 shares to the director/officer
etc (Off-market transaction)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
PRESCRIBED OFFICER OF ADCORP AND Vinolia Singh
DIRECTOR OF MAJOR SUBSIDIARY
COMPANY OF WHICH A PRESCRIBED Adcorp
OFFICER
STATUS Prescribed officer of Adcorp and executive
director of major subsidiary
TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares
OPTION STRIKE PRICE R5.75
NUMBER OF OPTIONS EXERCISED 22 968
EXERCISE DATE OF OPTIONS 23 July 2021
PERIOD OF EXERCISE 21 – 23 July 2021
NATURE OF TRANSACTION Exercise of options by the prescribed officer
at the last traded share price of R6.95 on 23
July 2021, and related after-tax net-equity
settlement by way of the
award of 22 968 shares to the director/officer
etc (Off-market transaction)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
PRESCRIBED OFFICER Lee Young
COMPANY OF WHICH A PRESCRIBED Adcorp
OFFICER
STATUS Senior Manager and prescribed officer of
Adcorp
TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares
OPTION STRIKE PRICE R5.75
NUMBER OF OPTIONS EXERCISED 7 664
EXERCISE DATE OF OPTIONS 23 July 2021
PERIOD OF EXERCISE 21 – 23 July 2021
NATURE OF TRANSACTION Exercise of options by the prescribed officer
at the last traded share price of R6.95 on 23
July 2021, and related after-tax net-equity
settlement by way of the
award of 7 664 shares to the director/officer
etc (Off-market transaction)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
PRESCRIBED OFFICER Mike O’Donoghue
COMPANY OF WHICH A PRESCRIBED Adcorp
OFFICER
STATUS Senior Manager and prescribed officer of
Adcorp
TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares
OPTION STRIKE PRICE R5.75
NUMBER OF OPTIONS EXERCISED 8 219
EXERCISE DATE OF OPTIONS 23 July 2021
PERIOD OF EXERCISE 21 – 23 July 2021
NATURE OF TRANSACTION Exercise of options by the prescribed officer
at the last traded share price of R6.95 on 23
July 2021, and related after-tax net-equity
settlement by way of the
award of 8 219 shares to the director/officer
etc (Off-market transaction)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.
Johannesburg
27 July 2021
Sponsor
PSG Capital
Date: 27-07-2021 03:15:00
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