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6/15/2017 11:11:00 AM

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AIP: ADCOCK INGRAM HOLDINGS LIMITED - Settlement reached in Competition Commission investigation
AIP: ADCOCK INGRAM HOLDINGS LIMITED - Settlement reached in Competition Commission investigation
Settlement reached in Competition Commission investigation
Adcock Ingram Holdings Limited
(Registration number 2007/016236/06)
(Incorporated in the Republic of South Africa)
Share code: AIP
ISIN: ZAE000123436
("Adcock Ingram")
Settlement reached in Competition Commission investigation
Shareholders are advised that a settlement has been reached
in respect of a complaint referral to the Competition Tribunal
by the Competition Commission, alleging that Adcock Ingram
and other respondents (collectively, "the respondents") had
possibly contravened section 13A(3) of the Competition Act 89
of 1998, as amended, by pre-implementation of a merger.
In order to avoid protracted and expensive litigation, the
respondents have, without admitting guilt, reached a
settlement with the Competition Commission. The settlement
has been confirmed by the Competition Tribunal.
As part of the settlement, the respondents have agreed to pay
a settlement amount of R2 million and to develop, implement
and monitor a competition law compliance programme for senior
management and directors.
Midrand
15 June 2017
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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   Source: JSE News Service (SENS)
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