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Acceptance of awards by a director and the company secretary and a director of a major subsidiary
HULAMIN LIMITED
Incorporated in the Republic of South Africa
(Registration number 1940/013924/06)
ISIN: ZAE000096210
JSE Code: HLM
(“Hulamin” or “the Company”)
ACCEPTANCE OF AWARDS BY A DIRECTOR AND THE COMPANY SECRETARY OF HULAMIN
AND A DIRECTOR OF A MAJOR SUBSIDIARY IN TERMS OF THE EQUITY-SETTLED
CONDITIONAL SHARE PLAN
Shareholders are advised that Hulamin has made awards of shares (“Awards”) linked to the
performance of the Company (“Performance Shares”) in terms of its Equity-Settled Conditional Share
Plan (“Share Plan”). The Performance Shares will be settled in a ratio of 1:1 with Hulamin ordinary
shares on vesting.
Share Scheme: Share Plan
Name of recipient: RG Jacob – executive director
Nature of transaction: Performance Shares awarded in terms of the Share
Plan
Date of Award: 20 August 2020
Date of acceptance of Award: 1 September 2020
Number of shares awarded: 932 150
Per share value of Award: R2.2828
Value of Award: Performance Shares R2 127 912.02
Vesting date: 19 August 2023
Nature of interest: Direct beneficial
Share Scheme: Share Plan
Name of recipient: W Fitchat – company secretary
Nature of transaction: Performance Shares awarded in terms of the Share
Plan
Date of Award: 20 August 2020
Date of acceptance of Award: 1 September 2020
Number of shares awarded: 195 727
Per share value of Award: R2.2828
Value of Award: Performance Shares R446 805.60
Vesting date: 19 August 2023
Nature of interest: Direct beneficial
Share Scheme: Share Plan
Name of recipient: Ms MA Janneker – director of major subsidiary
Name of subsidiary: Hulamin Operations Proprietary Limited
Nature of transaction: Performance Shares awarded in terms of the Share
Plan
Date of Award: 20 August 2020
Date of acceptance of Award: 1 September 2020
Number of shares awarded: 335 829
Per share value of Award: R2.2828
Value of Award: Performance Shares R766 630.44
Vesting date: 19 August 2023
Nature of interest: Direct beneficial
The above values of the Awards are deemed values based on a 30-day volume-weighted average price
(VWAP) of a Hulamin share of R2.2828 as at 31 December 2019 calculated in terms of the guidelines of
the Share Plan.
The transactions took place off-market and the requisite clearances have been obtained.
Pietermaritzburg
2 September 2020
Sponsor
Questco Corporate Advisory Proprietary Limited
Date: 02-09-2020 11:00:00
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