SENS[BACK TO ARTICLES]
2019-11-20 12:57:00 PM
|AIP: ADCOCK INGRAM HOLDINGS LIMITED - Acceptance of conditional share awards under the CompanyÂ´s Performance Based Long Term Incentive Scheme (PBLTIS)|
AIP: ADCOCK INGRAM HOLDINGS LIMITED - Acceptance of conditional share awards under the CompanyÂ´s Performance Based Long Term Incentive Scheme (PBLTIS) Acceptance of conditional share awards under the CompanyÂ´s Performance Based Long Term Incentive Scheme (PBLTIS) Adcock Ingram Holdings Limited (Registration number 2007/016236/06) (Incorporated in the Republic of South Africa) Share code: AIP ISIN: ZAE000123436 ("the Company") ACCEPTANCE OF CONDITIONAL SHARE AWARDS UNDER THE COMPANYÂ´S PERFORMANCE BASED LONG TERM INCENTIVE SCHEME (PBLTIS) In compliance with the JSE Limited Listings Requirements, the following information is disclosed: The following annual allocations of conditional shares have been awarded to executive directors of the Company mentioned below on 26 September 2019 and accepted off-market on 19 November 2019, 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 three-year performance period commencing 1 July 2019 and ending 30 June 2022. Executive Directors Scheme Number of Grant price Transaction conditional value shares granted Andrew Hall PBLTIS 155,000 R58.02* R8 993 100 Dorette Neethling PBLTIS 64,000 R58.02* R3 713 280 Basadi Letsoalo PBLTIS 59,000 R58.02* R3 423 180 Clearance has been received in respect of the above transactions. *Representing the volume weighted average traded price of the CompanyÂ´s shares on 25 September 2019. Midrand 20 November 2019 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 20/11/2019 12:57:00 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.
|2019-11-20 12:57:00 Source: JSE News Service (SENS)|