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Dealing in securities by directors
HUDACO INDUSTRIES LIMITED
(“Hudaco” or the “Company”)
Incorporated in the Republic of South Africa
Registration number 1985/004617/06
Share code: HDC & ISIN: ZAE000003273
DEALING IN SECURITIES BY DIRECTORS
Name of company : Hudaco
Name of director : GR Dunford
Designation : Chief executive
Number of share appreciation rights : 122 100 Hudaco share appreciation rights
awarded and accepted
Strike price : R146.50 per share, based on a 10-day VWAP at the date of the award
Value of transaction : R17 887 650.00
Vesting period : Subject to certain performance criteria, 40 700 rights vest 3 years from the
allocation date, with another 40 700 vesting in year 4 and the balance in
year 5.
Date of award : 29 July 2022
Date of acceptance : 3 August 2022
Nature of transaction : Award and acceptance of share appreciation rights in the normal course of
employment (off market).
Nature of interest : Direct beneficial
Written clearance to deal : Yes
Name of company : Hudaco
Name of director : CV Amoils
Designation : Group financial director
Number of share appreciation rights : 28 900 Hudaco share appreciation rights
awarded and accepted
Strike price : R146.50 per share, based on a 10-day VWAP at the date of the award
Value of transaction : R4 233 850.00
Vesting period : Subject to certain performance criteria, 17 305 rights vest 3 years from the
allocation date and the balance a year thereafter.
Date of award : 29 July 2022
Date of acceptance : 3 August 2022
Nature of transaction : Award and acceptance of share appreciation rights in the normal course of
employment (off market).
Nature of interest : Direct beneficial
Written clearance to deal : Yes
Name of company : Hudaco
Name of director : LFJ Meiring
Designation : Executive director
Number of share appreciation rights : 50 640 Hudaco share appreciation rights
awarded and accepted
Strike price : R146.50 per share, based on a 10-day VWAP at the date of the award
Value of transaction : R7 418 760.00
Vesting period : Subject to certain performance criteria, 16 880 rights vest 3 years from the
allocation date, with another 16 880 vesting in year 4 and the balance in
year 5.
Date of award : 29 July 2022
Date of acceptance : 3 August 2022
Nature of transaction : Award and acceptance of share appreciation rights in the normal course of
employment (off market).
Nature of interest : Direct beneficial
Written clearance to deal : Yes
EDENVALE
4 August 2022
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 04-08-2022 10:15:00
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