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2019-07-29 11:23:00 AM

IRESS
AIP: AdBEE (RF) LIMITED - Termination of the Adcock Ingram BEE scheme
AIP: AdBEE (RF) LIMITED - Termination of the Adcock Ingram BEE scheme
Termination of the Adcock Ingram BEE scheme
Adcock Ingram Holdings Limited                              AdBEE (RF) LIMITED
(Registration number 2007/016236/06)                        (Registration number 2015/054070/06)
(Incorporated in the Republic of South Africa)              (Incorporated in the Republic of South Africa)
Share code: AIP                                             ISIN: ZAE000204897
ISIN: ZAE000123436                                          Share Code: ADE
("Adcock Ingram" or "the Company")                          ("AdBEE")
TERMINATION OF THE ADCOCK INGRAM BEE SCHEME
Adcock Ingram shareholders and securities holders of AdBEE are referred to the Stock Exchange News
Service ("SENS") announcements issued by AdBEE and Adcock Ingram respectively on 31 May 2019 and 21
June 2019.
As securities holders of AdBEE were advised, AdBEE did not initiate the process of extending the scheme and
accordingly the scheme will come to an end today, 29 July 2019, being the "specified date" as defined in the
circular to Adcock Ingram shareholders dated 28 May 2015 (the "Scheme Circular"), a copy of which is
available on the Adcock Ingram website at http://www.adcock.com/Bee/Circulars.
All terms in the Scheme Circular shall bear the same meaning when used herein.
CALCULATED VALUE R72.00 OR LESS: CANCELLATION AB INITIO
Adcock Ingram shareholders and AdBEE securities holders are advised that the calculated value of a scheme
share on the specified date (being today, 29 July 2019) does not exceed the maximum price (being R72.00)
and that, as advised in the announcement released on SENS on 21 June2019, Ad-izinyosi elected not to
waive the Ad-izinyosi resolutive condition in respect of all the scheme shares. Accordingly, on the third
business day (1 August 2019) after the specified date, the transaction, in its entirety, shall ipso facto be
cancelled ab initio.
Consequently, scheme shares (Adcock Ingram ordinary shares) will be returned to AdBEE securities holders
in accordance with the terms of the scheme and in line with the salient dates and times set out below.
SCHEME TERMINATION TIMETABLE
The applicable timetable to the termination of the scheme, also published in the announcement released on
SENS on 21 June 2019, is set out below:
                                                                                                           2019
Specified date                                                                                  Monday, 29 July
Last day to trade in order to be included in the AdBEE securities register in                   Monday, 29 July
terms of scheme
Suspension of trading of AdBEE securities                                                      Tuesday, 30 July
The transaction, in its entirety, shall ipso facto be cancelled ab initio on the third       Thursday, 1 August
business day after the specified date
Record date for the purpose of determining the securities register for AdBEE                 Thursday, 1 August
securities holders
Last day to determine the securities register on the specified date in terms of                Friday, 2 August
scheme
Date of settlement by Ad-izinyosi to AdBEE of the Ad-izinyosi indebtedness                     Friday, 2 August
Return of scheme shares to AdBEE securities holders (dematerialised holders                    Monday, 5 August
will have their accounts credited and certified holders will have their certificates
posted)
Termination of listing of AdBEE                                                               Tuesday, 6 August
Johannesburg
29 July 2019
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Legal Adviser
Edward Nathan Sonnenbergs Inc.
Date: 29/07/2019 11:23:00
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   Source: JSE News Service (SENS)
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