SENS[BACK TO ARTICLES]
11/25/2016 9:46:00 AM
|AIP: ADCOCK INGRAM HOLDINGS LIMITED - Dealing in securities by an executive director|
AIP: ADCOCK INGRAM HOLDINGS LIMITED - Dealing in securities by an executive director Dealing in securities by an executive director Adcock Ingram Holdings Limited (Registration number 2007/016236/06) (Incorporated in the Republic of South Africa) Share code: AIP ISIN: ZAE000123436 ("Adcock Ingram") DEALING IN SECURITIES BY AN EXECUTIVE DIRECTOR In accordance with the JSE Limited Listings Requirements ("Listings Requirements"), shareholders are advised that the executive director mentioned below has been awarded Share Options in terms of the Adcock Ingram Employees Share Scheme ("scheme") which was approved by Shareholders in 2008. These share options were allocated to Ms Letsoalo following her appointment to the Board of Directors. The following individual allocation was approved by the Board following a recommendation from the HR, Remuneration and Nominations Committee: 1. Director: Ms BJ Letsoalo Designation: Executive Director Number of options granted: 75 000* Strike price of options: R42.08 Vesting periods: 25/11/2019, 25/11/2020, 25/11/2021 Nature of transaction: Acceptance of share options granted in terms of the scheme (off market) Nature of interest: Direct, beneficial Class of securities: Options in respect of ordinary shares Date of transaction: 25 November 2016 Total transaction value: R3,156,000.00* Clearance for the above transactions has been obtained as required in terms of the Listings Requirements. * Discounted by 10% based on the R46.75 closing price of an Adcock Ingram ordinary share on the date of grant, being 10 November 2016. Midrand 25 November 2016 Sponsor RAND MERCHANT BANK (a Division of FirstRand Bank Limited) Date: 25/11/2016 09:46:00 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.
|2016-11-25 09:46:00 Source: JSE News Service (SENS)|