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HUDACO INDUSTRIES LIMITED - Directors dealing in securities

Release Date: 10/05/2017 10:40
Code(s): HDC     PDF:  
Wrap Text
Directors 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


DIRECTORS DEALING IN SECURITIES


Name of the company        : Hudaco

Name of director           : GR Dunford

Designation                : Chief executive

Date of transaction        : 9 May 2017

Nature of transaction 1    : Acquisition of 4 451 Hudaco ordinary shares
                             at the current market price of R138.00 per
                             share (on market) in terms of the rules of
                             Hudaco’s Share Matching Scheme. The shares
                             are paid for by the company and match 4 451
                             Hudaco shares purchased by the executive in
                             2014 and retained to date.

Value of transaction       : R614 238

Nature of transaction 2    : Sale of 2 010 Hudaco ordinary shares at the
                             current market price of R138.00 per share (on
                             market). These shares were acquired in the
                             share matching transaction referred to above
                             and were sold to fund the tax liability
                             arising thereon.

Value of transaction 2     : R277 380

Nature of interest         : Direct beneficial.

Clearance obtained         : Yes


Name of the company        : Hudaco

Name of director           : CV Amoils

Designation                : Group financial director

Date of transaction        : 9 May 2017

Nature of transaction 1    : Acquisition of 3 717 Hudaco ordinary shares
                             at the current market price of R138.00 per
                             share (on market) in terms of the rules of
                             Hudaco’s Share Matching Scheme. The shares
                             are paid for by the company and match 3 717
                             Hudaco shares purchased by the executive in
                             2014 and retained to date.

Value of transaction       : R512 946

Nature of transaction 2    : Sale of 1 678 Hudaco ordinary shares at the
                             current market price of R138.00 per share (on
                             market). These shares were acquired in the
                             share matching transaction referred to above
                             and were sold to fund the tax liability
                             arising thereon.

Value of transaction 2     : R231 564

Nature of interest         : Direct beneficial.

Clearance obtained         : Yes

Johannesburg
10 May 2017


Sponsor: Nedbank Corporate and Investment Banking

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