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Acceptance of awards by directors of Hulamin and major subsidiaries
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
Off-market acceptance of conditional Performance
Nature of transaction: Shares awarded in terms of the Share Plan
Class of security: Ordinary shares
Date of award: 24 March 2023
Date of acceptance of award: 4 April 2023
Number of Performance Shares
awarded and accepted: 397 762
Issue price: Rnil (Free of charge)
Deemed value of award (based on a 30-
day volume-weighted average price
(VWAP) of a Hulamin share of R2.99 as
at 31 December 2022 calculated in
terms of the guidelines of the Share
Plan): R1 189 308.38
Vesting date: 23 March 2026
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes
Name of recipient: M Gounder – Executive director
Name of company: Hulamin Limited
Off-market acceptance of conditional Bonus Shares
Nature of transaction: awarded in terms of the Share Plan
Class of security: Ordinary shares
Date of award: 24 March 2023
Date of acceptance of award: 4 April 2023
Number of Bonus Shares awarded and
accepted: 82 357
Issue price: Rnil (Free of charge)
Deemed value of award (based on a 30-
day volume-weighted average price
(VWAP) of a Hulamin share of R2.99 as
at 31 December 2022 calculated in
terms of the guidelines of the Share
Plan): R246 247.43
Vesting date: 23 March 2026
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
Off-market acceptance of conditional Performance
Nature of transaction: Shares awarded in terms of the Share Plan
Class of security: Ordinary shares
Date of award: 24 March 2023
Date of acceptance of award: 4 April 2023
Number of Performance Shares
awarded and accepted: 289 647
Issue price: Rnil (Free of charge)
Deemed value of award (based on a 30-
day volume-weighted average price
(VWAP) of a Hulamin share of R2.99 as
at 31 December 2022 calculated in
terms of the guidelines of the Share
Plan): R866 044.53
Vesting date: 23 March 2026
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
Off-market acceptance of conditional Bonus Shares
Nature of transaction: awarded in terms of the Share Plan
Class of security: Ordinary shares
Date of award: 24 March 2023
Date of acceptance of award: 4 April 2023
Number of Bonus Shares awarded and
accepted: 55 149
Issue price: Rnil (Free of charge)
Deemed value of award (based on a 30-
day volume-weighted average price
(VWAP) of a Hulamin share of R2.99 as
at 31 December 2022 calculated in
terms of the guidelines of the Share
Plan): R164 895.51
Vesting date: 23 March 2026
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes
Name of recipient: KP Deere – Director of major subsidiary
Name of subsidiary: Hulamin Operations Proprietary Limited
Off-market acceptance of conditional Performance
Nature of transaction: Shares awarded in terms of the Share Plan
Class of security: Ordinary shares
Date of award: 24 March 2023
Date of acceptance of award: 4 April 2023
Number of Performance Shares
awarded and accepted: 268 772
Issue price: Rnil (Free of charge)
Deemed value of award (based on a 30-
day volume-weighted average price
(VWAP) of a Hulamin share of R2.99 as
at 31 December 2022 calculated in
terms of the guidelines of the Share
Plan): R803 628.28
Vesting date: 23 March 2026
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes
Name of recipient: KP Deere – Director of major subsidiary
Name of subsidiary: Hulamin Operations Proprietary Limited
Off-market acceptance of conditional Bonus Shares
Nature of transaction: awarded in terms of the Share Plan
Class of security: Ordinary shares
Date of award: 24 March 2023
Date of acceptance of award: 4 April 2023
Number of Bonus Shares awarded and
accepted: 55 654
Issue price: Rnil (Free of charge)
Deemed value of award (based on a 30-
day volume-weighted average price
(VWAP) of a Hulamin share of R2.99 as
at 31 December 2022 calculated in
terms of the guidelines of the Share
Plan): R166 405.46
Vesting date: 23 March 2026
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes
Pietermaritzburg
4 April 2023
Sponsor
Questco Corporate Advisory Proprietary Limited
Date: 04-04-2023 04:40:00
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