Adcock Ingram Holdings Limited has announced a significant purchase by its Employee Share Trust (2008). This move comes in compliance with the JSE Limited Listings Requirements. The transaction aims to fulfil obligations arising from the exercise of options by participants.
Details of the Transaction
The transaction details are crucial for shareholders and potential investors. The Employee Share Trust purchased a substantial number of shares. This action aligns with Adcock Ingram’s commitment to its employees.
Transaction Summary
| Company Name | Adcock Ingram Limited Employee Share Trust (2008) |
|---|---|
| Date of Transaction | 24 June 2024 |
| Nature of Transaction | On-market purchase of securities |
| Number of Securities Purchased | 12,777 |
| Class of Securities | Ordinary shares |
| Purchase Price per Share | R 61.50 |
| Total Value of Transaction | R 785,785.50 |
Impact on Shareholders
This transaction demonstrates the company’s dedication to its employees. By acquiring shares in the open market, the trust directly benefits participants. Each share purchased is a direct beneficial interest to the participants. This can potentially enhance employee motivation and retention.
Conclusion
Adcock Ingram Holdings Limited’s Employee Share Trust has made a notable transaction. The purchase of 12,777 ordinary shares demonstrates a commitment to employee welfare. This move, compliant with JSE requirements, is likely to be well-received by the market.