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HUDACO INDUSTRIES LIMITED - Dealing in securities by Directors and the Company Secretary

Release Date: 30/07/2013 09:15
Code(s): HDC     PDF:  
Wrap Text
Dealing in securities by Directors and the Company Secretary

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


DEALING IN SECURITIES BY DIRECTORS AND THE COMPANY SECRETARY


Name of the company                 :   Hudaco

Name of director                    :   SJ Connelly

Designation                         :   Chief Executive

Number of share appreciation        :   20 000 Hudaco share appreciation rights
rights allocated and accepted

Strike price                        :   R90.80 per share

Value of transaction                :   R1 816 000

Vesting period                      :   Subject to certain performance criteria,
                                        the allocation vests 3 years from the
                                        allocation date.

Date of acceptance                  :   29 July 2013

Nature of transaction               :   Grant and acceptance of share
                                        appreciation rights in the normal course
                                        of employment (off market)

Nature of interest                  :   Direct beneficial

Written clearance to deal           :   Not applicable

Name of the company                 :   Hudaco

Name of director                    :   CV Amoils

Designation                         :   Group Financial Director

Number of share appreciation        :   27 000 Hudaco share appreciation rights
rights allocated and accepted

Strike price                        :   R90.80 per share

Value of transaction                :   R2 451 600

Vesting period                      :   Subject to certain performance criteria,
                                        1/3 of the allocation vests 3 years from
                                        the allocation date, with another 1/3
                                        vesting in year 4 and the balance in
                                        year 5.

Date of acceptance                  :   29 July 2013

Nature of transaction               :   Grant and acceptance of share
                                        appreciation rights in the normal course
                                        of employment (off market)
Nature of interest                  :   Direct beneficial

Written clearance to deal           :   Not applicable


Name of the company                 :   Hudaco

Name of director                    :   GR Dunford

Designation                         :   Director

Number of share appreciation        :   28 000 Hudaco share appreciation rights
rights allocated and accepted

Strike price                        :   R90.80 per share

Value of transaction                :   R2 542 400


Vesting period                      :   Subject to certain performance criteria,
                                        1/3 of the allocation vests 3 years from
                                        the allocation date, with another 1/3
                                        vesting in year 4 and the balance in
                                        year 5.

Date of acceptance                  :   29 July 2013

Nature of transaction               :   Grant and acceptance of share
                                        appreciation rights in the normal course
                                        of employment (off market)

Nature of interest                  :   Direct beneficial

Written clearance to deal           :   Not applicable


Name of the company                 :   Hudaco

Name of officer                     :   R Wolmarans

Designation                         :   Group Company Secretary
 
Number of share appreciation        :   4 000 Hudaco share appreciation rights
rights allocated and accepted

Strike price                        :   R90.80 per share

Value of transaction                :   R363 200

Vesting period                      :   Subject to certain performance criteria,
                                        1/3 of the allocation vests 3 years from
                                        the allocation date, with another 1/3
                                        vesting in year 4 and the balance in
                                        year 5

Date of acceptance                  :   29 July 2013

Nature of transaction               :   Grant and acceptance of share
                                        appreciation rights in the normal course
                                        of employment (off market)

Nature of interest                  :   Direct beneficial
Written clearance to deal           :   Not applicable


Edenvale
30 July 2013

Sponsor
Nedbank Capital

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