HUDACO INDUSTRIES LIMITED - Officer's dealing in securities

Release Date: 31/08/2018 12:00
Code(s): HDC
 
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 company               : Hudaco

Name of the officer               : R van Zyl

Designation                       : Group secretary

Date of transaction               : 30 August 2018

Nature of transactions 1          : 1. Exercise of 1 334 share
and 2                                  appreciation rights with a
                                       strike price of R81.05 under
                                       the Hudaco Industries Share
                                       Appreciation Plan at a VWAP
                                       price of 144.14.

                                       Settled by the delivery of
                                       583 Hudaco ordinary shares
                                       (off market).

                                    2. Sale of 583 Hudaco ordinary
                                       shares at the current market
                                       price of R148.40 per share
                                       (on market).

Value of transactions 1           : R86 517.20
and 2

Nature of interest                : Direct beneficial

Written clearance obtained        : Yes


Johannesburg
31 August 2018

Sponsor
Nedbank Corporate and Investment Banking

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