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2021-02-25 03:48:00 PM
|AIP: ADCOCK INGRAM HOLDINGS LIMITED - Acceptance of conditional share award allocations under the CompanyÂ´s Performance Based Long-Term Incentive Scheme|
AIP: ADCOCK INGRAM HOLDINGS LIMITED - Acceptance of conditional share award allocations under the CompanyÂ´s Performance Based Long-Term Incentive Scheme Acceptance of conditional share award allocations under the CompanyÂ´s Performance Based Long-Term Incentive Scheme Adcock Ingram Holdings Limited (Registration number 2007/016236/06) (Incorporated in the Republic of South Africa) Share code: AIP ISIN: ZAE000123436 ("Adcock Ingram" or the "Company") ACCEPTANCE OF CONDITIONAL SHARE AWARD ALLOCATIONS UNDER THE COMPANYÂ´S PERFORMANCE BASED LONG-TERM INCENTIVE SCHEME (PBLTIS) The following annual allocations of conditional shares have been awarded to executive directors of Adcock Ingram on 25 November 2020 at a market value of R43.80* and accepted off-market by them on 24 February 2021, respectively, in accordance with the PBLTIS rules. Vesting, which occurs after three years, is subject to the achievement of certain performance conditions. Performance will be measured over the 3-year performance period commencing 1 July 2020 and ending 30 June 2023. Executive Directors Scheme Number of Deemed conditional transaction share awards value** Andrew Hall PBLTIS 189 800 R8,218,340 Dorette Neethling PBLTIS 92 000 R3,983,600 Basadi Letsoalo PBLTIS 83 300 R3,606,890 *Market value means the volume weighted average price of an Adcock Ingram share as quoted on the JSE for the immediately preceding day prior to the grant of the shares being 24 November 2020. **Based on the prevailing market price of an Adcock Ingram share of R43.30 as at 24 February 2021. The nature and extent of the interest of the directors, which relates to the respective transactions as outlined above, is direct and beneficial. Clearance has been received in respect of the above transactions. Midrand 25 February 2021 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 25-02-2021 03:48:00 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.
|2021-02-25 15:48:00 Source: JSE News Service (SENS)|