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HUDACO INDUSTRIES LIMITED - Directors and officer dealing in securities

Release Date: 28/02/2019 10:24
Code(s): HDC     PDF:  
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Directors and officer dealing in securities

HUDACO INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1985/004617/06
Share Code: HDC ISIN: ZAE000003273
(“Hudaco” or “the company”)

DIRECTORS AND OFFICER DEALING IN SECURITIES

Name of the company        : Hudaco

Name of director           : GR Dunford

Designation                : Chief executive

Date of transaction        : 26 February 2019

Nature of transaction 1    : Acquisition of 21 239 Hudaco ordinary shares
                             at the current market price of R131.9137 per
                             share (on market) in terms of the rules of
                             Hudaco’s retention based Share Matching Scheme.
                             The shares are paid for by the company and match
                             Hudaco shares purchased by the executive in 2016
                             and retained to date.

Value of transaction       : R2 801 715.07

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        : 26 February 2019

Nature of transaction 1    : Acquisition of 25 470 Hudaco ordinary shares
                             at the current market price of R131.9137 per
                             share (on market) in terms of the rules of
                             Hudaco’s retention based Share Matching Scheme.
                             The shares are paid for by the company and match
                             Hudaco shares purchased by the executive in 2016
                             and retained to date.

Value of transaction       : R3 359 841.94

Nature of interest         : Direct beneficial.

Clearance obtained         : Yes


Name of the company        : Hudaco

Name of officer            : R van Zyl

Designation                : Group secretary

Date of transaction        : 26 February 2019

Nature of transaction 1    : Acquisition of 415 Hudaco ordinary shares at
                             the current market price of R131.96 per
                             share (on market) in terms of the rules of
                             Hudaco’s retention based Share Matching Scheme.
                             The shares are paid for by the company and match
                             Hudaco shares purchased by the officer in 2016
                             and retained to date.

Value of transaction 1     : R54 763.40

Nature of transaction 2   : Sale of 187 Hudaco ordinary shares at the
                            current market price of R131.89 per share (on
                            market). These shares were acquired in the
                            share matching transaction referred to above
                            and were sold to fund the tax liability
                            arising thereon.

Value of transaction 2    : R24 663.43

Nature of transaction 3   : In terms of the retention focused Hudaco share
                            matching scheme, based on her short-term bonus
                            formula, Reana van Zyl is entitled to commit to the
                            scheme by 8 April 2019 shares up to the value of R312
                            500. On 26 February 2019, she committed (off market)
                            1 122 Hudaco shares to the scheme. These shares will
                            be held in her share matching scheme account for a
                            period of three years to 25 February 2022, at which
                            date she will have the right to require the company
                            to purchase 1 122 Hudaco shares for her benefit, on
                            condition that she is still in the company’s employ
                            at that date.

Value of transaction 3    : R147 948.28

Nature of interest        : Direct beneficial.

Clearance obtained        : Yes


Johannesburg
28 February 2019

Sponsor
Nedbank Corporate and Investment Banking

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