HUDACO INDUSTRIES LIMITED - Officer's dealing insecurities

Release Date: 25/07/2018 11:05
Code(s): HDC
 
Wrap Text
Officer's dealing insecurities

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 Van Zyl

Designation       :   Group secretary

Date of           :   24 July 2018
transaction

Nature of         :   1     Exercise of 666 share appreciation
transactions                rights with a strike price of R81.05 at
                            a VWAP price of R149.40 and settled by
                            the delivery of 304 Hudaco ordinary
                            shares (off market).

                      2     Sale of 304 Hudaco ordinary shares at
                            the current market price of R151.00 per
                            share (on market).
                            These shares were acquired by
                            exercising the share appreciation
                            rights mentioned in 1 above.

Value of          :   R45 904.00
transactions

Nature of         :   Direct beneficial
interest

Clearance         :   Yes
obtained


Johannesburg
25 July 2018

Sponsor
Nedbank Corporate and Investment Banking

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