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HDC - Hudaco Industries Limited - Director`s dealing in securities

Release Date: 18/07/2011 10:53
Code(s): HDC
Wrap Text

HDC - Hudaco Industries Limited - Director`s 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`S DEALING IN SECURITIES Name of the company : Hudaco Name of director : GE Gardiner
Designation : Executive director: Acquisitions Date of transaction : 13 July 2011
Nature of transactions :
1 Exercise of 20 000 share appreciation
rights with a strike price of R55.50 at a VWAP price of R81.05 and settled by the delivery of 6 304 Hudaco ordinary shares (off market).

2 Sale of 6 304 Hudaco ordinary shares at the current market price of R80.85 per share (on market).
These shares were acquired by exercising the share appreciation rights mentioned in 1 above.
Value of transactions : R509 678.40
Nature of interest : Direct beneficial Clearance obtained : Yes Johannesburg 18 July 2011 Sponsor Nedbank Capital Date: 18/07/2011 10:53:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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