HUDACO INDUSTRIES LIMITED - Dealing in securities by director
HDC 201802280048A
Dealing in securities by 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 DIRECTOR
Group financial director: CV Amoils
Date of transactions: 27 February 2018
Nature of transaction no 1: Exercise of share appreciation rights
under the Hudaco Industries Limited
Share Appreciation Plan at a VWAP
price of R163.84 as follows:
1. 20 000 share appreciation rights
with a strike price of R68.09;
2. 9 000 share appreciation rights
with a strike price of R81.05
Settled by the delivery of 16 235
Hudaco ordinary shares (on market)
Exercise price per share: R160.50 cents
Deemed value of transaction 1: R2 605 717.50
Date of transaction 2: 27 February 2018
Nature of transaction no 2: Sale of 7 307 ordinary shares at the
current market price of R160.50 per
share (on market). 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.
Value of transaction no 2: R1 172 773.50
Nature of interest: Direct beneficial
Written clearance obtained: Yes
Edenvale
28 February 2018
Nedbank Corporate and Investment Banking
Sponsor
Date: 28/02/2018 12:46:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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