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HUDACO INDUSTRIES LIMITED - Directors' dealing in securities

Release Date: 10/04/2019 09:44
Code(s): HDC     PDF:  
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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 transaction        : 8 April 2019

Nature of transaction 1    : Acquisition of 11 552 Hudaco ordinary shares
                             at the current market price of R136.05 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       : R1 571 649.60

Nature of transaction 2    : Sale of 5 198 Hudaco ordinary shares at the
                             current market price of R135.50 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     : R704 329.00

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        : 8 April 2019

Nature of transaction 1    : Acquisition of 4 765 Hudaco ordinary shares
                             at the current market price of R136.05 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       : R648 278.25

Nature of transaction 2    : Sale of 2 144 Hudaco ordinary shares at the
                             current market price of R135.50 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     : R290 512.00

Nature of interest         : Direct beneficial.

Clearance obtained         : Yes


Johannesburg
10 April 2019

Sponsor
Nedbank Corporate and Investment Banking

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