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HUDACO INDUSTRIES LIMITED - Dealing in securities by directors and the company secretary

Release Date: 30/07/2019 13:40
Code(s): HDC     PDF:  
Wrap Text
Dealing in securities by directors and the company secretary

Hudaco Industries Limited
(“Hudaco” or “the company”)
Incorporated in the Republic of South Africa
Registration number: 1985/004617/06
Share code: HDC
ISIN code: ZAE000003273

DEALING IN SECURITIES BY DIRECTORS AND THE COMPANY SECRETARY

 Name of the company                 :   Hudaco

 Name of director                    :   GR Dunford

 Designation                         :   Chief Executive

 Number of share appreciation        :   137 100 Hudaco share appreciation rights
 rights awarded and accepted

 Strike price                        :   R117.27 per share, based on a 10-day
                                         VWAP at the date of award

 Value of transaction                :   R16 077 717

 Vesting period                      :   Subject to certain performance criteria,
                                         1/3 of the allocation vests 3 years from
                                         the allocation date, with another 1/3
                                         vesting in year 4 and the balance in
                                         year 5

 Date of award                       :   26 July 2019

 Date of acceptance                  :   30 July 2019

 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           :   Not applicable

 Name of the company                 :   Hudaco

 Name of director                    :   CV Amoils

 Designation                         :   Group Financial Director

 Number of share appreciation        :   58 200 Hudaco share appreciation rights
 rights awarded and accepted

 Strike price                        :   R117.27 per share, based on a 10-day
                                         VWAP at the date of award

 Value of transaction                :   R6 825 114

 Vesting period                      :   Subject to certain performance criteria,
                                         1/3 of the allocation vests 3 years from
                                         the allocation date, with another 1/3
                                         vesting in year 4 and the balance in
                                         year 5.

 Date of award                       :   26 July 2019
  
 Date of acceptance                  :   30 July 2019

 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           :   Not applicable


Name of the company            :    Hudaco

Name of director               :    LFJ Meiring

Designation                    :    Executive director

Number of share appreciation   :    56 000 Hudaco share appreciation rights
rights awarded and accepted

Strike price                   :    R117.27 per share, based on a 10-day
                                    VWAP at date of award

Value of transaction           :    R6 567 120

Vesting period                 :    Subject to certain performance criteria,
                                    1/3 of the allocation vests 3 years from
                                    the allocation date, with another 1/3
                                    vesting in year 4 and the balance in
                                    year 5

Date of award                  :    26 July 2019

Date of acceptance             :    30 July 2019

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      :    Not applicable


Name of the company            :    Hudaco

Name of officer                :    R van Zyl

Designation                    :    Group Company Secretary

Number of share appreciation   :    6 750 Hudaco share appreciation rights
rights awarded and accepted

Strike price                   :    R117.27 per share, based on a 10-day
                                    VWAP at date of award

Value of transaction           :    R791 572.50

Vesting period                 :    Subject to certain performance criteria,
                                    1/3 of the allocation vests 3 years from
                                    the allocation date, with another 1/3
                                    vesting in year 4 and the balance in
                                    year 5

Date of award                  :    26 July 2019

Date of acceptance             :    30 July 2019

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      :    Not applicable

Edenvale
30 July 2019

Sponsor
Nedbank Corporate and Investment Banking

Date: 30/07/2019 01:40:00
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