HUDACO INDUSTRIES LIMITED - Dealing in securities by a director
HDC 201507280025A
Dealing in securities by a director
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
DEALING IN SECURITIES BY A DIRECTOR
In terms of paragraph 3.63 - 3.65 of the JSE Limited Listings
Requirements, the following information, relating to the dealing in
securities by a director is disclosed:
Financial director: CV Amoils
Date of transactions: 28 July 2015
Nature of transaction no 1: Exercise of share appreciation
rights under the Hudaco
Industries Limited Share
Appreciation Plan at a VWAP
price of R129.96 as follows:
21 667 share appreciation rights
with a strike price of R50.50,
settled by the delivery of
13 247 Hudaco ordinary shares
(off market).
Exercise price per share: R129.96
Deemed value of transaction no 1: R1 721 580.12
Nature of transaction no 2: Sale of 5 447 Hudaco ordinary
shares (on market) at the
current market price of R130.70.
These shares were acquired by
exercising the share
appreciation rights referred to
above and were sold to fund the
tax liability arising from the
exercise of those rights.
Sale price per share: R130.70
Value of transaction no 2: R711 922.90
Nature of interest: Direct beneficial
Written clearance obtained: Yes
Johannesburg
28 July 2015
Sponsor
Nedbank
Date: 28/07/2015 01:24:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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