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HUDACO INDUSTRIES LIMITED - Officers Dealing in Securities

Release Date: 26/03/2014 15:01
Code(s): HDC     PDF:  
Wrap Text
Officer’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

OFFICER’S DEALING IN SECURITIES

Name of the        :   Hudaco
company

Name of officer    :   R Wolmarans

Designation        :   Group secretary

Date of            :   25 March 2014
transaction

Nature of          :
transactions
                       1     Exercise of 1 800 share appreciation
                             rights with a strike price of R50.50 at
                             a VWAP price of R107.54 and settled by
                             the delivery of 954 Hudaco ordinary
                             shares (off market).

                       2     Sale of 954 Hudaco ordinary shares at
                             the current market price of R107.98 per
                             share (on market).
                             These shares were acquired by
                             exercising the share appreciation
                             rights mentioned in 1 above.

Value of           :   R103 012.92
transactions

Nature of          :   Direct beneficial
interest

Clearance          :   Yes
obtained


Johannesburg
26 March 2014

Sponsor
Nedbank Capital

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