ADCORP HOLDINGS LIMITED - Dealing In Securities By Directors Of The Company And Major Subsidiaries

Dealing In Securities By Directors Of The Company And Major Subsidiaries

Adcorp Holdings Limited
Registration number 1974/001804/06
Share code: ADR
ISIN number: ZAE000000139
(“Adcorp” or “the Company”)

DEALING IN SECURITIES BY DIRECTORS OF THE COMPANY AND MAJOR SUBSIDIARIES

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed in respect of off-market awards and acceptances
of Performance Shares (PFs) in respect of Adcorp ordinary shares.

The PFs performance criteria are as follows:

Return on invested capital (ROIC)- 50% weighting
No award for ROIC below the Weighted Average Cost of Capital (WACC)
50% awarded where ROIC exceeds WACC by 2%
100% awarded where ROIC exceeds WACC by 4%

Headline Earnings per Share (HEPS) Growth – 50% weighting
No award where HEPS growth is zero or below
50% awarded where HEPS growth is 10%
100% awarded where HEPS growth is 20%

Name of director:              I Dutiro
Date of acceptance:            30 May 2019
Number of shares:              930 533
Fair market price on
date of allocation:            R24 per share (PFs have a strike price of
zero)
Total value:                   R22 332 792
Vesting date:                  30 May 2022
Nature of interest:            Direct Beneficial
Clearance obtained:            Yes

Name of director:              CJ Kujenga
Date of acceptance:            30 May 2019
Number of shares:              241 000
Fair market price on
date of allocation:            R24 per share (PFs have a strike price of
zero)
Total value:                   R5 784 000
Vesting date:                  30 May 2022
Nature of interest:            Direct Beneficial
Clearance obtained:            Yes

Name of director of major
subsidiary (being Adcorp
Workforce Solutions(Pty)Ltd:   K Vittee
Date of acceptance:            30 May 2019
Number of shares:              62 262
Fair market price on
date of allocation:            R24 per share(PFs have a strike price of
zero)
Total value:                   R1 494 288
Vesting date:                 30 May 2022
Nature of interest:           Direct Beneficial
Clearance obtained:           Yes

Name of director of major
subsidiary (being Adcorp
Holdings Australia(Pty)Ltd:   D Grant
Date of acceptance:           30 May 2019
Number of shares:             34 310
Fair market price on
date of allocation:           R24 per share (PFs have a strike price of
zero)
Total value:                  R823 440
Vesting date:                 30 May 2022
Nature of interest:           Direct Beneficial
Clearance obtained:           Yes

Name of director of major
subsidiary (being Adcorp
Holdings Australia(Pty)Ltd:   M Woodbury
Date of acceptance:           30 May 2019
Number of shares:             27 867
Fair market price on
date of allocation:           R24 per share (PFs have a strike price of
zero)
Total value:                  R668 808
Vesting date:                 30 May 2022
Nature of interest:           Direct Beneficial
Clearance obtained:           Yes

5 June 2019
Bryanston

Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

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