HUDACO INDUSTRIES LIMITED - Directors dealing in securities

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 transactions               :   26 July 2021

 Nature of transaction 1            :   Automatic exercise at expiry date of
                                        44 480 share appreciation rights with a
                                        strike price of R92.04 under the Hudaco
                                        Industries Share Appreciation Plan at a
                                        VWAP price of R130.86.

                                        Settled by the delivery of 13 195
                                        Hudaco ordinary shares (off market).

 Value of transaction 1             :   R1 726 697.70

 Nature of transaction 2            :   Sale of 5 719 Hudaco ordinary shares at
                                        the current market price of R137.02 per
                                        share (on market) to settle the tax
                                        liability arising on transaction 1.

 Value of transaction 2:            :   R783 617.38

 Nature of interest                 :   Direct beneficial

 Written clearance obtained         :   Yes


 Name of director                   :   CV Amoils

 Designation                        :   Financial director

 Date of transactions               :   26 July 2021

 Nature of transaction 1            :   Automatic exercise at expiry date of
                                        15 808 share appreciation rights with a
                                        strike price of R92.04 under the Hudaco
                                        Industries Share Appreciation Plan at a
                                        VWAP price of R130.86.

                                        Settled by the delivery of 4 689 Hudaco
                                        ordinary shares (off market).

 Value of transaction 1             :   R613 602.54

 Nature of transaction 2            :   Sale of 2 033 Hudaco ordinary shares at
                                        the current market price of R137.01 per
                                        share (on market) to settle the tax
                                        liability arising on transaction 1.

Value of transaction 2:            :    R278 541.33

Nature of interest                 :    Direct beneficial

Written clearance obtained         :    Yes




Edenvale
27 July 2021

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 27-07-2021 01:30:00
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