HUDACO INDUSTRIES LIMITED - Dealings in securities by a Director
HDC 201404140045A
Dealings in securities by a Director
HUDACO INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1985/004617/06)
Share code: HDC & ISIN: ZAE000003273
(“Hudaco”)
Dealings in securities by a director
Shareholders are referred to the announcement released on SENS on 1 November 2013 setting out
details of the acquisition by Hudaco of the Dunford Group. In terms of the agreement, the seller,
being Dunford Holdings Proprietary Limited (“Dunford Holdings”), a company in which Graham
Dunford, an executive director and the CEO designate of Hudaco, owns 60% of the share capital, was
required to purchase a maximum of 927 000 Hudaco shares on the open market. Furthermore, the
shares acquired must be retained for a minimum period as follows: a maximum of one-third may be
sold after one year, a further one-third after two years and the balance after three years.
Dunford Holdings has discharged its obligation to acquire 927 000 Hudaco shares and the
appropriate director’s dealing disclosure (to the extent not reported previously) is set out below:
Name of Director: GR Dunford
Designation: Executive director and CEO Designate
Date of transactions: 11 April 2014
Nature of transaction: Acquisition of zero strike price call options off the market
Number of call options: 832 904
Price per call option: R106.2392
Value of call options: R88 487 030.68
Nature of transaction: Exercise of zero strike price call options and subsequent
share settlement to Dunford Holdings on the open market
Number of shares: 832 904
Price per share: nil
Value of shares: R88 487 030.68
Nature of interest: Indirect beneficial
Written clearance to deal: Yes
Johannesburg
14 April 2014
Sponsor
Nedbank Capital
Date: 14/04/2014 05:13:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
