Adcock Ingram awarded a number of its executive directors share options last week in terms of the Adcock Ingram Employees Share Scheme.The award basically allows directors to purchase shares in the company at a discounted price.CEO Andy Hall was granted 200,000 options at a strike price of R42.30 with vesting periods of August 26 in 2019, 2020 and 2021. The total transaction value at the strike price is R8.5m.CFO Dorette Neethling was granted 150,00 options with a transaction value of R6.35m, andgroup human capital executive Basadi Letsoalo was granted 45,000 options with a value of R1.9m.Investor relations manager Vicki St Quintin says the options were granted in line with Adcock’s retention strategy."The long-term incentive scheme serves as one of the company’s retention-and-reward mechanisms for key talent, which includes but is not limited to executive directors and the company secretary," says St Quintin."In accordance with principles of good corporate governance the board, fol...
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