HUDACO INDUSTRIES LIMITED - Director dealing in securities

Director 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

DIRECTOR DEALING IN SECURITIES

Name of the company           : Hudaco

Name of director              : LFJ Meiring

Designation                   : Executive director

Date of transaction           : 7 February 2020

Nature of transaction         : In terms of the retention focused Hudaco share
                                matching scheme, based on his short-term bonus
                                formula, Louis Meiring was entitled to commit
                                to the scheme by 29 March 2020 shares up to
                                the value of R2 312 500. On 7 February 2020 he
                                purchased 21 052 Hudaco shares at an average
                                market price of R109.84, the lowest market
                                price being R108.70 and highest market price
                                R110.97 (on market). These shares will be held
                                in his share matching scheme account for a
                                period of three years to 7 February 2023, at
                                which date he will have the right to require
                                the company to purchase 21 052 Hudaco shares
                                for his benefit, on condition that he is still
                                in the company’s employ at that date.

Value of transaction          : R2 312 351,68

Nature of interest            : Direct beneficial.

Clearance obtained            : Yes


Johannesburg
10 February 2020

Sponsor: Nedbank Corporate and Investment Banking

Date: 10-02-2020 11:38:00
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