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6/15/2017 11:11:00 AM
|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) Date: 15/06/2017 11:11:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
|2017-06-15 11:11:00 Source: JSE News Service (SENS)|