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

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        :   115 860 Hudaco share appreciation rights
rights awarded and accepted

Strike price                        :   R102.93 per share, based on a 10-day
                                        VWAP at the date of award

Value of transaction                :   R11 925 469.80

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                       :   20 July 2016

Date of acceptance                  :   22 August 2016

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        :   54 960 Hudaco share appreciation rights
rights awarded and accepted

Strike price                        :   R102.93 per share, based on a 10-day
                                        VWAP at the date of award

Value of transaction                :   R5 657 032.80

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                      :   20 July 2016

Date of acceptance                 :   22 August 2016

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 Wolmarans

Designation                        :   Group Company Secretary

Number of share appreciation       :   6 500 Hudaco share appreciation rights
rights awarded and accepted

Strike price                       :   R102.93 per share, based on a 10-day
                                       VWAP at date of award

Value of transaction               :   R669 045

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                      :   20 July 2016

Date of acceptance                 :   22 August 2016

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
22 August 2016

Sponsor
Nedbank Corporate and Investment Banking

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