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

Class of securities        : Ordinary shares

Nature of transaction      :     Purchase of shares (on market). In terms of
                                 the retention focused Hudaco share matching
                                 scheme (“the scheme”), based on his short-term
                                 bonus formula, Louis Meiring was entitled to
                                 commit to the scheme by 3 April 2021 shares up
                                 to the value of R2 312 500. On 9 March 2021 he
                                 purchased 11 903 Hudaco shares at an average
                                 market price of R95.33 and a total value of
                                 R1 134 741.22, with the lowest market price
                                 being R95.00 and highest market price R95.54.
                                 On 10 March 2021 he purchased 1 886 Hudaco
                                 shares at a market price of R96.00 and a total
                                 value of R181 056. On 11 March 2021 he
                                 purchased 10 132 Hudaco shares at an average
                                 market price of R98.37 and a total value of
                                 R996 704.51, with the lowest market price
                                 being R96.75 and highest market price R98.50.
                                 Overall, he acquired 23 921 shares at an
                                 average market price of R96.67. These shares
                                 will be held in his share matching scheme
                                 account for a period of three years to 11 March
                                 2024, at which date he will have the right to
                                 require the company to purchase Hudaco shares
                                 for his benefit in accordance with the rules
                                 of the scheme, on condition that he is still
                                 in the company’s employ at that date.

Value of transaction       : R2 312 501.73

Nature of interest         : Direct beneficial

Clearance obtained         : Yes


Johannesburg
12 March 2021

Sponsor: Nedbank Corporate and Investment Banking

Date: 12-03-2021 12:48:00
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