HUDACO INDUSTRIES LIMITED - HDC : Director dealing in securities
HDC : Director dealing in securities:
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
DIRECTOR DEALING IN SECURITIES
Name of the company : Hudaco
Name of director : LFJ Meiring
Designation : Executive director
Date of transaction : 7 February 2020
Nature of transaction : In terms of the retention focused Hudaco share
matching scheme, based on his short-term bonus
formula, Louis Meiring was entitled to commit
to the scheme by 29 March 2020 shares up to
the value of R2 312 500. On 7 February 2020 he
purchased 21 052 Hudaco shares at an average
market price of R109.84, the lowest market
price being R108.70 and highest market price
R110.97 (on market). These shares will be held
in his share matching scheme account for a
period of three years to 7 February 2023, at
which date he will have the right to require
the company to purchase 21 052 Hudaco shares
for his benefit, on condition that he is still
in the company's employ at that date.
Value of transaction : R2 312 351,68
Nature of interest : Direct beneficial.
Clearance obtained : Yes
Johannesburg
10 February 2020
Sponsor: Nedbank Corporate and Investment Banking
Date: 10-02-2020 11:38:00
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