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HUDACO INDUSTRIES LIMITED - Officer's dealing in securities

Release Date: 15/09/2016 11:08
Code(s): HDC     PDF:  
Wrap Text
Officer's dealing in securities

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

OFFICER’S DEALING IN SECURITIES

Name of the         :   Hudaco
company

Name of officer     :   R Van Zyl

Designation         :   Group secretary

Date of             :   13 September 2016
transaction

Nature of           :
transactions
                        1     Exercise of 3 000 share appreciation
                              rights with a strike price of R68.09 at
                              a VWAP price of R101.92 and settled by
                              the delivery of 995 Hudaco ordinary
                              shares (off market).

                        2     Sale of 995 Hudaco ordinary shares at
                              the current market price of R102.07 per
                              share (on market).
                              These shares were acquired by
                              exercising the share appreciation
                              rights mentioned in 1 above.

Value of            :   R101 559.65
transactions

Nature of           :   Direct beneficial
interest

Clearance           :   Yes
obtained


Johannesburg
15 September 2016

Sponsor
Nedbank Corporate and Investment Banking

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