HUDACO INDUSTRIES LIMITED - Dealing in securities by directors

Dealing in securities by directors

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

DEALING IN SECURITIES BY DIRECTORS

 Name of company                          :    Hudaco

 Name of director                         :    GR Dunford

 Designation                              :    Chief executive

 Number of share appreciation rights      :    135 000 Hudaco share appreciation rights
 awarded and accepted

 Strike price                             :    R124.91 per share, based on a 10-day VWAP at the date of the award

 Value of transaction                     :    R16 862 850.00

 Vesting period                           :    Subject to certain performance criteria, 45 000 rights vest 3 years from the
                                               allocation date, with another 45 000 vesting in year 4 and the balance in
                                               year 5.

 Date of award                            :    9 July 2021

 Date of acceptance                       :    30 July 2021

 Nature of transaction                    :    Award and acceptance of share appreciation rights in the normal course of
                                               employment (off market).

 Nature of interest                       :    Direct beneficial

 Written clearance to deal                :    Yes


 Name of company                          :    Hudaco

 Name of director                         :    CV Amoils

 Designation                              :    Group financial director

 Number of share appreciation rights      :    51 000 Hudaco share appreciation rights
 awarded and accepted

 Strike price                             :    R124.91 per share, based on a 10-day VWAP at the date of the award

 Value of transaction                     :    R6 370 410.00

 Vesting period                           :    Subject to certain performance criteria, 19 100 rights vest 3 years from the
                                               allocation date, with another 19 100 vesting in year 4 and the balance in
                                               year 5.

 Date of award                            :    9 July 2021

 Date of acceptance                       :    30 July 2021

 Nature of transaction                    :    Award and acceptance of share appreciation rights in the normal course of
                                               employment (off market).

 Nature of interest                       :    Direct beneficial
 Written clearance to deal                :    Yes


 Name of company                          :   Hudaco

 Name of director                         :   LFJ Meiring

 Designation                              :   Executive director

 Number of share appreciation rights      :   56 000 Hudaco share appreciation rights
 awarded and accepted

 Strike price                             :   R124.91 per share, based on a 10-day VWAP at the date of the award

 Value of transaction                     :   R6 994 960.00

 Vesting period                           :   Subject to certain performance criteria, 18 667 rights vest 3 years from the
                                            allocation date, with another 18 667 vesting in year 4 and the balance in
                                            year 5.

 Date of award                            :   9 July 2021

 Date of acceptance                       :   30 July 2021

 Nature of transaction                    :   Award and acceptance of share appreciation rights in the normal course of
                                            employment (off market).

 Nature of interest                       :   Direct beneficial

 Written clearance to deal                :   Yes
 



EDENVALE
2 August 2021
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 02-08-2021 11:15:00
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