HULAMIN LIMITED - Acceptance of Awards by Directors and Directors of Major Subsidiaries - Equity Settled Conditional Share Plan

Acceptance of Awards by Directors and Directors of Major Subsidiaries - Equity Settled Conditional Share Plan

HULAMIN LIMITED
Incorporated in the Republic of South Africa
(Registration number 1940/013924/06)
ISIN: ZAE000096210
JSE Code: HLM
(“Hulamin” or the “Company”)

ACCEPTANCE OF AWARDS BY DIRECTORS OF HULAMIN AND DIRECTORS OF MAJOR
SUBSIDIARIES IN TERMS OF THE EQUITY-SETTLED CONDITIONAL SHARE PLAN

In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited,
shareholders are advised that the Company has made the following awards of Bonus Shares and
Performance Shares in terms of its Equity-Settled Conditional Share Plan (“Share Plan”):



 Name of recipient:                            M Gounder – Executive director
 Name of company:                              Hulamin Limited
 Nature of transaction:                        Off-market acceptance of conditional Performance
                                               Shares awarded in terms of the Share Plan
 Class of security:                            Ordinary shares
 Date of Award:                                14 December 2022
 Date of acceptance of Award:                  15 December 2022
 Number of Performance Shares
 awarded and accepted:                         265 714
 Issue price:                                  Rnil (Free of charge)
 Deemed value of Award (based on a 30-         R1 123 970.22
 day volume-weighted average price
 (VWAP) of a Hulamin share of R4,23 as
 at 31 December 2021 calculated in
 terms of the guidelines of the Share
 Plan):
 Vesting date:                                 13 December 2025
 Nature of interest:                           Direct beneficial
 Clearance to deal obtained:                   Yes

 Name of recipient:                            M Gounder – Executive director
 Name of company:                              Hulamin Limited
 Nature of transaction:                        Off-market acceptance of conditional Bonus Shares
                                               awarded in terms of the Share Plan
 Class of security:                            Ordinary shares
 Date of Award:                                14 December 2022
 Date of acceptance of Award:                  15 December 2022
 Number of Performance Shares
 awarded and accepted:                         135 976
 Issue price:                                  Rnil (Free of charge)
 Deemed value of Award (based on a 30-         R575 178,48
 day VWAP of a Hulamin share of R4,23
 as at 31 December 2021 calculated in
 terms of the guidelines of the Share
 Plan):
 Vesting date:                                 13 December 2025
 Nature of interest:                           Direct beneficial
 Clearance to deal obtained:                   Yes


 Name of recipient:                            MA Janneker– Director of major subsidiary
 Name of subsidiary:                           Hulamin Operations Proprietary Limited
 Nature of transaction:                        Off-market acceptance of conditional Performance
                                               Shares awarded in terms of the Share Plan
 Class of security:                            Ordinary shares
 Date of Award:                                14 December 2022
 Date of acceptance of Award                   15 December 2022
 Number of Performance Shares                  197 977
 awarded and accepted:
 Issue price:                                  Rnil (Free of charge)
 Deemed value of Award (based on a 30-         R837 442,71
 day VWAP of a Hulamin share of R4,23
 as at 31 December 2021 calculated in
 terms of the guidelines of the Share
 Plan):
 Vesting date:                                13 December 2025
 Nature of interest:                          Direct beneficial
 Clearance to deal obtained:                  Yes

 Name of recipient:                           MA Janneker– Director of major subsidiary
 Name of subsidiary:                          Hulamin Operations Proprietary Limited
 Nature of transaction:                       Off-market acceptance of conditional Bonus Shares
                                              awarded in terms of the Share Plan
 Class of security:                           Ordinary shares
 Date of Award:                               14 December 2022
 Date of acceptance of Award:                 15 December 2022
 Number of Performance Shares                 135 506
 awarded and accepted:
 Issue price:                                 Rnil (Free of charge)
 Deemed value of Award (based on a 30-        R573 190,38
 day VWAP of a Hulamin share of R4,23
 as at 31 December 2021 calculated in
 terms of the guidelines of the Share
 Plan):
 Vesting date:                                13 December 2025
 Nature of interest:                          Direct beneficial
 Clearance to deal obtained:                  Yes

Pietermaritzburg
19 December 2022

Sponsor

Questco Corporate Advisory Proprietary Limited

Date: 19-12-2022 10:21:00
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