SENS

Acquisition of ordinary shares from a wholly-owned subsidiary, Date/Time: 2022/03/30 15:00:00


Acquisition of ordinary shares from a wholly-owned subsidiary Adcock Ingram Holdings Limited Incorporated in the Republic of South Africa (Registration Number: 2007/016236/06) JSE Share Code: AIP ISIN: ZAE000123436 (“Adcock Ingram Holdings” or the “Company”) ACQUISITION OF ORDINARY SHARES FROM A WHOLLY-OWNED SUBSIDIARY Shareholders are advised that the Company acquired 6 000 000 (six million) ordinary shares (the “Shares”), which equates to 3.41% (three point four one per cent) of the Company’s issued share capital, from its wholly owned subsidiary, Adcock Ingram Limited (the “Subsidiary”) on 29 March 2022 for a total consideration, determined using the market price, of approximately R316 740 000 (Three hundred and sixteen million, seven hundred and forty thousand rand), equating to approximately R52.79 (Fifty two rand and seventy nine cents) per ordinary share (“Repurchase Transaction”). The Subsidiary had previously repurchased the Shares in accordance with general authorities granted by shareholders at the Company’s annual general meetings held on 27 January 2011, 22 November 2019 and 25 November 2020 respectively (“General Meetings”) and the Shares had since been held as treasury shares. The Company confirms that: 1. The Repurchase Transaction is regarded as a repurchase of shares as contemplated in section 48 of the Companies Act 71 of 2008, as amended (the “Companies Act”) and there has been full compliance with all aspects of the Companies Act. The repurchased Shares will be restored to the status of authorised but unissued shares in accordance with section 35(5) of the Companies Act. 2. The Repurchase Transaction will have no impact on the financial position of the Adcock Ingram Group (“Group”) and is cash neutral for the Group, as no funds will leave the Group. Following the Repurchase Transaction, the Company will apply to the JSE Limited for the delisting of the Shares. Following the Repurchase Transaction, delisting and cancellation of the Shares, the Company, through the Subsidiary, will still hold 8 000 000 (eight million) ordinary shares in treasury. Midrand 30 March 2022 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 30-03-2022 03:00:00 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.

Dealings in securities, Date/Time: 2022/03/08 15:30:00


Dealings in securities Adcock Ingram Holdings Limited (Registration number 2007/016236/06) (Incorporated in the Republic of South Africa) Share code: AIP ISIN: ZAE000123436 (“Adcock Ingram”) DEALINGS IN SECURITIES BY THE ADCOCK INGRAM HOLDINGS LIMITED EMPLOYEE SHARE TRUST (2008) AND AN EXECUTIVE DIRECTOR In compliance with the JSE Limited Listings Requirements, the following information is disclosed: The Adcock Ingram Holdings Limited Employee Share Trust (2008) (the Trust) has, after obtaining the requisite clearance, purchased Adcock Ingram ordinary shares in the open market on behalf of participants in accordance with its terms, in order to fulfill its obligations arising from the exercise of options by participants. Trust : Adcock Ingram Holdings Limited Employee Share Trust (2008) Company : Adcock Ingram Date of transaction : 02 March 2022 Nature of transaction : On-market purchase of securities Number of securities : 46 299 Class of securities : Ordinary shares Volume weighted average purchase price : R52.16 per share Highest price : R52.43 per share Lowest price : R51.60 per share Value of transaction : R2 414 956.00 Nature of interest : Direct beneficial Date of transaction : 04 March 2022 Nature of transaction : On-market purchase of securities Number of securities : 34 213 Class of securities : Ordinary shares Volume weighted average purchase price : R51.09 per share Highest price : R51.40 per share Lowest price : R50.70 per share Value of transaction : R1 748 045.00 Nature of interest : Direct beneficial The Adcock Ingram director has obtained the necessary clearance to exercise options and subsequently dealt with shares as follows: Director: : Basadifeela Letsoalo Company : Adcock Ingram Date of transaction : 04 March 2022 Nature of transaction : On market sale of shares pursuant to the exercise of options in terms of the Trust Class of securities : Ordinary shares Number of options exercised : 75 000 Option award price : R42.08 Exercise price : R52.00 Value of transaction : R744 000.00 Equivalent number of shares received and sold : 14 308 Sale price per share : R51.10 Nature of interest : Direct beneficial Date of transaction : 04 March 2022 Nature of transaction : On market sale of shares pursuant to the exercise of options in terms of the Trust Class of securities : Ordinary shares Number of options exercised : 30 000 Option award price : R42.30 Exercise price : R52.00 Value of transaction : R291 000.00 Equivalent number of shares received and sold : 5 596 Sale price per share : R51.10 Nature of interest : Direct beneficial Date of transaction : 04 March 2022 Nature of transaction : On market sale of shares pursuant to the exercise of options in terms of the Trust Class of securities : Ordinary shares Number of options exercised : 15 000 Option award price : R41.94 Exercise price : R52.00 Value of transaction : R150 900.00 Equivalent number of shares received and sold : 2 902 Sale price per share : R51.10 Nature of interest : Direct beneficial Midrand 8 March 2022 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 08-03-2022 03:30:00 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.

Unaudited interim results for the six months ended 31 December 2021 and cash dividend declaration, Date/Time: 2022/02/23 07:05:00


Unaudited interim results for the six months ended 31 December 2021 and cash dividend declaration Adcock Ingram Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 2007/016236/06) Share code: AIP ISIN: ZAE000123436 ("Adcock Ingram" or "the Company" or "the Group") Unaudited interim results for the six months ended 31 December 2021 and cash dividend declaration - Revenue +16% - Gross profit +17% - Trading profit +25% - HEPS +30% - Dividend +30% - B-BBEE level 2 Introduction The Board of Directors (Board) is very pleased to report a strong operational and financial performance, driven mainly by improved demand in the current reporting period for its over-the-counter (OTC) and consumer healthcare products. The Group has achieved very healthy growth in turnover, which with some improvement in the exchange rate, manufacturing efficiencies and cost control, has yielded an exceptional increase in trading profits and excellent cash generation. Dividend The Board has declared an interim dividend of 104 cents per share for the six-month period ended 31 December 2021 out of income reserves, an increase of 30% over the comparative period and in line with the growth in earnings. Prospects In December, Adcock Ingram received regulatory approval from SAHPRA for the sterile eye drops facility at the Clayville factory. We have commenced production of validation batches of the first product we intend to manufacture in the facility, and on a staged basis will introduce at least four additional products in the financial year. The Board is confident that the strength and resilience of the Company's broad and affordable portfolio of well-known brands, can continue to withstand the macroeconomic challenges in South Africa. The exchange rate has had a favourable impact on the Group in the period and the 2022 SEP increase of 3.5% will assist in protecting the gross margin. Nonetheless, the Company continues to seek-out investment opportunities for non price-regulated brands to limit the impact of the SEP environment. Unaudited Unaudited six-month six-month Change period ended period ended % 31 December 2021 31 December 2020 Revenue (R'000) 16 4 345 674 3 758 258 Gross profit (R'000) 17 1 521 652 1 298 425 Trading profit (R'000) 25 543 226 432 989 Operating profit (R'000) 33 511 584 385 813 Headline earnings per share (cents) 30 242.3 186.5 Basic earnings per share (cents) 30 242.2 186.5 Total assets (R'000) 7 560 989 7 508 322 Net asset value per share (cents) 3 096.6 2 842.8 Dividend per share (cents) 104.0 80.0 Unaudited Unaudited six-month six-month Change period ended period ended % 31 December 2021 31 December 2020 Segment revenue Consumer (R'000) 33 795 187 598 938 OTC (R'000) 26 993 915 786 150 Prescription (R'000) 5 1 572 368 1 502 632 Hospital (R'000) 13 983 891 870 323 Segment trading profit Consumer (R'000) 59 172 934 108 782 OTC (R'000) 58 166 847 105 768 Prescription (R'000) (14) 121 878 142 249 Hospital (R'000) 6 80 565 75 798 Epi-max was moved from the Prescription segment to the Consumer segment on 1 January 2021. On a like-for-like basis, adjusting for Epi-max, Consumer turnover and trading profit improved by 14% and 21% respectively, and Prescription turnover and trading profit by 11% and 12% respectively. Dividend distribution The Board has declared an interim gross dividend out of income reserves of 104 cents per share in respect of the six-months ended 31 December 2021. The South African dividend tax ("DT") rate is 20% and the net dividend payable to shareholders who are not exempt from DT is 83.2 cents per share. Adcock Ingram currently has 175 758 861 ordinary shares in issue and qualifying for ordinary dividends. The income tax reference number is 9528/919/15/3. The salient dates for the distribution are detailed below: Last date to trade cum distribution Tuesday, 15 March 2022 Shares trade ex distribution Wednesday, 16 March 2022 Record date Friday, 18 March 2022 Payment date Tuesday, 22 March 2022 Share certificates may not be dematerialised or rematerialised between Wednesday, 16 March 2022 and Friday, 18 March 2022, both dates inclusive. N Madisa AG Hall Chairperson Chief Executive Officer Approved by the Board: 22 February 2022 SENS release date: 23 February 2022 Company secretary M Phalafala Registered office 1 New Road, Midrand, 1682 Postal address Private Bag X69, Bryanston, 2021 Transfer secretaries Computershare Investor Services Proprietary Limited, Rosebank Towers, 15 Biermann Avenue, Rosebank, Johannesburg, 2196. Private Bag X9000, Saxonwold, 2132 Auditors PricewaterhouseCoopers Inc, 4 Lisbon Lane, Waterfall, 2090 Sponsor Rand Merchant Bank (a division of FirstRand Bank Limited), 1 Merchant Place, corner Fredman Drive and Rivonia Road, Sandton, 2196 Bankers Nedbank Limited, 135 Rivonia Road, Sandown, Sandton, 2146. Rand Merchant Bank, 1 Merchant Place, corner Fredman Drive and Rivonia Road, Sandton, 2196. Investec Bank Limited, 100 Grayston Drive, Sandton, 2146 The full announcement has been published on SENS and is available at https://senspdf.jse.co.za/documents/2022/JSE/ISSE/AIP/AIP012022.pdf The contents of this short-form summary announcement are the responsibility of the Board of Directors. Any investment decision should be considered and based on the content of the information contained in the full announcement, that will be published on the Company's website at www.adcock.com/investors/financialreports. Copies of the full announcement are available for inspection at the registered office of the Company and may be requested without charge during office hours by phoning +27 11 635 0143. Date: 23-02-2022 07:05:00 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.

Conference call and audio webcast following the interim results announcement, Date/Time: 2022/02/21 10:00:00


Conference call and audio webcast following the interim results announcement 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”) CONFERENCE CALL AND AUDIO WEBCAST FOLLOWING THE INTERIM RESULTS ANNOUNCEMENT Shareholders of Adcock Ingram are advised that the Company is expecting to publish its interim financial results for the six-month period ended 31 December 2021, on Wednesday, 23 February 2022. Accordingly, stakeholders are invited to attend a conference call or an audio webcast which will be hosted by Mr Andy Hall, chief executive officer, and Ms Dorette Neethling, chief financial officer, at 11:00 on Wednesday, 23 February 2022. Interested parties are invited to dial in to the conference call by 11:00 on Wednesday, 23 February 2022 (South African Standard Time / SAST), using the appropriate number from the list below, after registering as they enter the call. Alternatively, should you wish to join the audio webcast, please register by accessing the following link https://services.themediaframe.com/links/adcock10041419.html Live Call Access Numbers for participants are: Country Access Number South Africa and other countries: +27 11 535 3600 +27 10 201 6800 UK: +44 333 300 1418 USA and Canada: +1 508 924 4326 Conference replay - playback code: 41419 Country Access Number South Africa and other countries: +27 10 500 4108 UK: +44 203 608 8201 Australia: +61 73 911 1378 USA and Canada: +1 412 317 0088 Johannesburg 21 February 2022 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 21-02-2022 10:00:00 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.

Further trading statement, Date/Time: 2022/01/26 10:45:00


Further trading statement Adcock Ingram Holdings Limited Incorporated in the Republic of South Africa (Registration number 2007/016236/06) Share code: AIP ISIN: ZAE000123436 ("Adcock Ingram" or "the Company") FURTHER TRADING STATEMENT In terms of the JSE Limited (JSE) Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied that there is a reasonable degree of certainty that the financial results for the period to be reported on will differ by at least 20% from the financial results of the previous corresponding reporting period. In the trading statement released on SENS on 14 December 2021 (‘Trading Statement’), shareholders were advised that the Company expected to report an improvement in basic and headline earnings per share of at least 20% for the six-month period to 31 December 2021. At the date of the aforesaid Trading Statement, the Company did not have reasonable certainty on the Group’s earnings, to enable the Company to provide more specific guidance on the range of basic earnings and/or headline earnings per share. Adcock Ingram is currently finalising its results for the six-month period to 31 December 2021, which are expected to be released on SENS on 23 February 2022. In this regard, shareholders are advised that earnings per share (EPS) as well as headline earnings per share (HEPS) are expected to improve between 50.4 and 56.0 cents per share, from the 186.5 cents reported for the six-month period to 31 December 2020. This represents an increase in EPS and HEPS of between 27% and 30%. The financial information on which this trading statement is based has not been reviewed and reported on by the Company’s external auditors. Midrand 26 January 2022 Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 26-01-2022 10:45:00 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.

Trading statement, Date/Time: 2021/12/14 10:36:00


Trading statement Adcock Ingram Holdings Limited Incorporated in the Republic of South Africa (Registration number 2007/016236/06) Share code: AIP ISIN: ZAE000123436 ("Adcock Ingram" or "the Company" or "the Group") TRADING STATEMENT In terms of the JSE Limited ("JSE") Listings Requirements, companies are required to provide guidance to the market when they are satisfied that a reasonable degree of certainty exists that the financial results for the current reporting period will differ by at least 20% from the results of the previous corresponding reporting period. The Group's results for the six-month period to December 2021 ("current period") are expected to show an improvement of at least 20% (37.3 cents) in earnings per share ("EPS”") as well as headline earnings per share ("HEPS") from the 186.5 cents reported for the six-month period to December 2020 ("comparative period"). This is due to an improvement in the trading environment relative to the comparative period which was adversely impacted by the first wave of COVID-19. In this regard, the Company has experienced improved demand in the current period for its over-the-counter and consumer healthcare products. In addition, in the current period, there is no recurrence of the retrenchments costs incurred in the comparative period. However, as the reporting period is not yet complete, Adcock Ingram cannot with reasonable certainty, quantify the extent of its results for the current period within a range as required by the JSE Listings Requirements. A further trading statement (as required by the JSE Listings Requirements) will be released on SENS as soon as the Company has a reasonable degree of certainty on the expected HEPS and EPS ranges for the current period. The forecast financial information on which this trading statement is based has not been reviewed and reported on by the Company’s external auditors. Midrand 14 December 2021 Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 14-12-2021 10:36:00 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.

Acceptance of conditional share award allocations, Date/Time: 2021/12/07 13:38:00


Acceptance of conditional share award allocations Adcock Ingram Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2007/016236/06) Share code: AIP ISIN: ZAE000123436 (‘Adcock Ingram’ or ‘the Company’) ACCEPTANCE OF CONDITIONAL SHARE AWARD ALLOCATIONS The following allocations of conditional shares have been awarded to executive directors and the Company Secretary of Adcock Ingram on 24 August 2021 at a market value of R44.87* and accepted off-market by them on 6 December 2021, respectively, in accordance with the Performance Based Long-Term Incentive Scheme (PBLTIS) rules. Vesting, of which 75% occurs after three years and 25% after four years, is subject to the achievement of certain performance conditions. Performance will be measured over the 3-year performance period which commenced 1 July 2021 and ends on 30 June 2024. Executive directors Scheme Number of conditional Deemed transaction share awards value** Andrew Hall PBLTIS 200 000 R8 974 000 Dorette Neethling PBLTIS 100 000 R4 487 000 Basadi Letsoalo PBLTIS 89 000 R3 993 430 Company Secretary Lucky Phalafala PBLTIS 36 000 R1 615 320 *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 23 August 2021. **Based on the prevailing market price of an Adcock Ingram share of R44.87 as at 23 August 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 7 December 2021 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 07-12-2021 01:38:00 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.

Results of the annual general meeting (AGM), Date/Time: 2021/11/24 17:28:00


Results of the annual general meeting (AGM) Adcock Ingram Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2007/016236/06) Share code: AIP ISIN: ZAE000123436 (the Company) RESULTS OF THE ANNUAL GENERAL MEETING (AGM) At the AGM of the Company held on 23 November 2021, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. In this regard, the Company confirms the voting statistics from the AGM as follows: Votes cast disclosed as a percentage in relation to the total Shares voted Shares abstained number of shares voted at the disclosed as a disclosed as a Resolutions meeting percentage in percentage in Number of relation to the total relation to the total For Against shares voted issued shares* issued shares* Ordinary resolution 1.1 – Re-election of directors retiring by rotation: Prof M Haus 98.23% 1.77% 149 932 642 85.31% 0.01% Ordinary resolution 1.2 – Re-election of directors retiring by rotation: Dr S Gumbi 99.74% 0.26% 149 932 642 85.31% 0.01% Ordinary resolution 1.3 – Re-election of directors retiring by rotation: Ms N Madisa 97.73% 2.27% 149 932 642 85.31% 0.01% Ordinary resolution 2.1 – Election of members of the Audit Committee: Ms D Ransby (Chairperson) 99.74% 0.26% 149 932 442 85.31% 0.01% Ordinary resolution 2.2 – Election of members of the Audit Committee: Prof M Haus, subject to being elected as a director 98.36% 1.64% 149 932 442 85.31% 0.01% Ordinary resolution 2.3 – Election of members of the Audit Committee: Dr C Manning 99.65% 0.35% 149 932 442 85.31% 0.01% Ordinary resolution 3 – Re-appointment of independent external auditor (PwC) 99.98% 0.02% 149 932 442 85.31% 0.01% Ordinary resolution 4 – Implement all the resolutions tabled 100% 0.00% 149 932 642 85.31% 0.01% Non-binding advisory votes: Endorsement - remuneration policy 89.77% 10.23% 149 927 442 85.30% 0.01% Non-binding advisory votes: Endorsement - Implementation of remuneration policy 88.12% 11.88% 144 865 699 82.42% 2.89% Special resolution 1 - General authority to provide financial assistance to related and inter-related companies 99.41% 0.59% 149 932 142 85.31% 0.01% Special resolution 2 – Non-executive directors’ remuneration 99.89% 0.11% 149 931 942 85.31% 0.01% Special resolution 3 – General authority to repurchase shares 95.46% 4.54% 149 934 042 85.31% 0.01% *Total issued share capital is 175,758,861 shares. The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course. Midrand 24 November 2021 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 24-11-2021 05:28:00 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.
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