| Imagery Source: BusinessLIVE | ©2021. Peter Hassall Photography |
| Information Source: JSE SENS |
| 1. INTRODUCTION |
| Adcock Ingram shareholders are referred to the Circular and the announcement of the results of the General Meeting released on SENS on Friday, 10 October 2025, wherein it was confirmed that the resolution necessary to approve the Scheme, was approved by the requisite majority of Adcock Ingram shareholders present (in person or represented by proxy) at the General Meeting held on Thursday, 9 October 2025. |
| Unless otherwise defined in this announcement, words and expressions contained herein shall have the same meanings as assigned to them in the Circular. |
| 2. FULFILMENT OF THE SCHEME CONDITIONS PRECEDENT |
| Adcock Ingram is pleased to confirm that all of the Scheme Conditions Precedent, as outlined in the Circular, have now been fulfilled or waived (where permitted), as the case may be, and that the Scheme has accordingly become unconditional with effect from Friday 24 October 2025. Consequently, Adcock Ingram will proceed with the implementation of the Scheme. |
| The implementation of the Scheme will ultimately result in: |
- Adcock Ingram shareholders recorded on the Adcock Ingram Securities Register on the Scheme Record Date, receiving the Per Share Scheme Consideration of R75.00 per Adcock Ingram Share; and
|
- The issued ordinary shares of Adcock Ingram are being delisted from the Main Board of the JSE Limited in terms of paragraph 1.17(b) of the JSE Listings Requirements.
|
| 3. SALIENT DATES AND TIMES |
| The Scheme will be implemented in accordance with the following salient dates and times: |
| Last day to trade in Adcock Ingram Shares on the JSE to participate in the Scheme: Tuesday, 4 November 2025 |
| Suspension of the listing of the Adcock Ingram Shares at the commencement of trade on the JSE: Wednesday, 5 November 2025 |
| Scheme Record Date, being the date on which Adcock Ingram shareholders must be recorded in the Adcock Ingram Securities Register to participate in the Scheme, by close of trade: Friday, 7 November 2025 |
| Scheme Implementation Date: Monday, 10 November 2025 |
| Per Share Scheme Consideration to be sent by EFT to Scheme Participants who are Certificated Adcock Ingram Shareholders and who have lodged their Form of Surrender, Transfer and Acceptance with the Transfer Secretaries on or before 12:00 on the Scheme Record Date: Monday, 10 November 2025 |
| Dematerialised Scheme Participants to have their accounts with their Broker or CSDP credited with the Per Share Scheme Consideration: Monday, 10 November 2025 |
| Termination of listing of the Adcock Ingram Shares in terms of the Scheme at commencement of trade on the JSE: Tuesday, 11 November 2025 |
| Notes: 1. All dates and times given in this announcement are a reference to South African Standard Time. |
| 4. RESPONSIBILITY STATEMENT |
| The Adcock Ingram Board and Adcock Ingram Independent Board collectively and individually accept responsibility for the information contained in this announcement insofar as it relates to the Company, and certify that, to the best of their knowledge and belief, such information contained herein is true and nothing has been omitted which is likely to affect the import of such information. |
| For the full document, click the link below |
| Adcock Ingram Holdings Limited |
| Stay ahead of the curve! Subscribe to InsidEntity for daily updates on all your favourite companies. |
