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HUDACO INDUSTRIES LIMITED - Directors dealing in securities

Release Date: 15/07/2019 14:35
Code(s): HDC     PDF:  
Wrap Text
Director’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

DIRECTOR’S DEALING IN SECURITIES

 Name of the company                :   Hudaco

 Name of director                   :   CV Amoils

 Designation                        :   Financial director

 Date of transactions               :   12 July 2019

 Nature of transaction 1            :   Automatic exercise at expiry date of
                                        9 000 share appreciation rights with a
                                        strike price of R81.50 under the Hudaco
                                        Industries Share Appreciation Plan at a
                                        VWAP price of R120.80.

                                        Settled by the delivery of 2 961 Hudaco
                                        ordinary shares (off market).

 Value of transaction 1             :   R357 688.80

 Nature of transaction 2            :   Sale of 1 333 Hudaco ordinary shares at
                                        the current market price of R117.85 per
                                        share (on market) to settle the tax
                                        liability arising on transaction 1.

 Value of transaction 2:            :   R157 094.05

 Nature of interest                 :   Direct beneficial

 Written clearance obtained         :   Yes


Edenvale
15 July 2019

Sponsor
Nedbank Corporate and Investment Banking

Date: 15/07/2019 02:35:00
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