HUDACO INDUSTRIES LIMITED - Directors dealing in securities

Release Date: 11/04/2018 14:35
Code(s): HDC
 
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        : 10 April 2018

Nature of transaction      : In terms of the Hudaco share matching scheme,
                             based on his short-term bonus for the year
                             ended 30 November 2017, Graham Dunford was
                             required to commit to the scheme by 10 April
                             2018 shares to the value of between R625 000
                             and R2 500 000. On 10 April 2018, based on
                             the daily VWAP price of R166,07 per share, he
                             committed (off market) 15 054 Hudaco shares
                             to the scheme. These shares will be held in
                             his share matching scheme account for a
                             period of three years to 10 April 2021, at
                             which date he will have the right to require
                             the company to purchase 15 054 Hudaco shares
                             for his benefit, on condition that he is
                             still in the company’s employ at that date.

Value of transaction       : R2 500 000

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        : 10 April 2018

Nature of transaction 1    : In terms of the Hudaco share matching scheme,
                             based on his short-term bonus for the year
                             ended 30 November 2017, Clifford Amoils was
                             required to commit to the scheme by 10 April
                             2018 shares to the value of between R343 750
                             and R1 375 000. On 10 April 2018, based on
                             the daily VWAP price of R166,07 per share, he
                             committed (off market) 8 280 Hudaco shares to
                             the scheme. These shares will be held in his
                             share matching scheme account for a period of
                             three years to 10 April 2021, at which date
                             he will have the right to require the company
                             to purchase 8 280 Hudaco shares for his
                             benefit, on condition that he is still in the
                             company’s employ at that date.

Value of transaction       : R1 375 000

Nature of interest         : Direct beneficial.

Clearance obtained         : Yes


Johannesburg
11 April 2018

Sponsor: Nedbank Corporate and Investment Banking

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