HUDACO INDUSTRIES LIMITED - Dealing in securities by directors and the company secretary

Release Date: 03/08/2018 14:39
Code(s): HDC
 
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                    :   GR Dunford

Designation                         :   Chief Executive

Number of share appreciation        :   102 000 Hudaco share appreciation rights
rights awarded and accepted

Strike price                        :   R149.51 per share, based on a 10-day
                                        VWAP at the date of award

Value of transaction                :   R15 250 020

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 award                       :   23 July 2018

Date of acceptance                  :   3 August 2018

Nature of transaction               :   Award 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        :   43 000 Hudaco share appreciation rights
rights awarded and accepted

Strike price                        :   R149.51 per share, based on a 10-day
                                        VWAP at the date of award

Value of transaction                :   R6 428 930

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 award                      :   23 July 2018

Date of acceptance                 :   3 August 2018

Nature of transaction              :   Award 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 van Zyl

Designation                        :   Group Company Secretary

Number of share appreciation       :   5 000 Hudaco share appreciation rights
rights awarded and accepted

Strike price                       :   R149.51 per share, based on a 10-day
                                       VWAP at date of award

Value of transaction               :   R747 550

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 award                      :   23 July 2018

Date of acceptance                 :   3 August    2018

Nature of transaction              :   Award 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
3 August 2018

Sponsor
Nedbank Corporate and Investment Banking

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