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Dealing in Securities by Directors
HUDACO INDUSTRIES LIMITED
("Hudaco")
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 : 82 500 Hudaco share appreciation rights
awarded and accepted
Strike price : R182.88 per share, based on a 10-day Volume Weighted Average Price
("VWAP") at the date of the award
Value of transaction : R15 087 600.00
Vesting period : Subject to certain performance criteria, 41 250 rights vest 3 years from the
allocation date, with the balance in year 4.
Date of award : 25 July 2025
Date of acceptance : 1 August 2025
Nature of transaction : Award and acceptance of share appreciation rights in respect of ordinary
shares 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 : EJ Smith
Designation : Executive director
Number of share appreciation rights : 38 250 Hudaco share appreciation rights
awarded and accepted
Strike price : R182.88 per share, based on a 10-day VWAP at the date of the award
Value of transaction : R6 995 160.00
Vesting period : Subject to certain performance criteria, 12 750 rights vest 3 years from the
allocation date, with another 12 750 vesting in year 4 and the balance in
year 5.
Date of award : 25 July 2025
Date of acceptance : 30 July 2025
Nature of transaction : Award and acceptance of share appreciation rights in respect of ordinary
shares in the normal course of employment (off market).
Nature of interest : Direct beneficial
Written clearance to deal : Yes
Edenvale
1 August 2025
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 01-08-2025 03:30:00
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