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Dealing in Securities by Directors
HUDACO INDUSTRIES LIMITED
("Hudaco")
Incorporated in the Republic of South Africa
Registration number 1985/004617/06
Share code: HDC
ISIN: ZAE000003273
DEALING IN SECURITIES BY DIRECTORS
Name of company : Hudaco
Name of director : GR Dunford
Designation : Chief executive
Number of share appreciation rights : 112 650 Hudaco share appreciation rights
awarded and accepted
Strike price : R178.13 per share, based on a 10-day Volume Weighted Average Price
("VWAP") at the date of the award
Value of transaction : R20 066 344.50
Vesting period : Subject to certain performance criteria, 37 550 rights vest 3 years from the
allocation date, with another 37 550 vesting in year 4 and the balance in
year 5.
Date of award : 29 July 2024
Date of acceptance : 7 August 2024
Nature of transaction : Award and acceptance of share appreciation rights in respect of ordinary
shares in the normal course of employment (off market).
Nature of interest : Direct beneficial
Written clearance to deal : Yes
Name of company : Hudaco
Name of director : EJ Smith
Designation : Executive director
Number of share appreciation rights : 35 400 Hudaco share appreciation rights
awarded and accepted
Strike price : R178.13 per share, based on a 10-day VWAP at the date of the award
Value of transaction : R6 305 802.00
Vesting period : Subject to certain performance criteria, 11 800 rights vest 3 years from the
allocation date, with another 11 800 vesting in year 4 and the balance in
year 5.
Date of award : 29 July 2024
Date of acceptance : 7 August 2024
Nature of transaction : Award and acceptance of share appreciation rights in respect of ordinary
shares in the normal course of employment (off market).
Nature of interest : Direct beneficial
Written clearance to deal : Yes
Name of company : Hudaco
Name of director : GR Dunford
Designation : Chief executive
Date of transactions 1 to 5 : 7 August 2024
Nature of transactions 1 to 5 : Exercise at a VWAP of R180.31 of share appreciation
rights with a strike price, under the Hudaco Industries
Share Appreciation Plan (off market), as set out below.
Settled by the delivery of Hudaco ordinary shares,
purchased by the company (on market) at an average
price of R181.9513868 per share. The highest price paid
was R181.97 and the lowest price was R178.98.
No of share Shares purchased
Transaction appreciation Strike price and delivered to Value of transaction
number rights exercised (R) settle (R)
1 40 635 124.91 12 485 2 271 663.06
2 4 620 125.10 1 414 257 279.26
3 3 322 102.93 1 425 259 280. 73
4 44 375 117.27 15 514 2 822 793.81
5 78 333 68.37 48 630 8 848 295.94
Date of transaction 6 : 7 August 2024
Nature of transaction 6 : Sale of 79 468 Hudaco ordinary shares (on market) at an
average price of R181.9513868 per share. The highest
price was R181.97 and the lowest price was R178.98.
Value of transaction 6 : R14 459 312.80
Nature of interest : Direct beneficial
Written clearance obtained : Yes
Name of company : Hudaco
Name of director : CV Amoils
Designation : Financial director
Date of transactions 1 and 2 : 7 August 2024
Nature of transactions 1 and 2 : Exercise at a VWAP of R180.31 of share appreciation
rights with a strike price, under the Hudaco Industries
Share Appreciation Plan (off market), as set out below.
Settled by the delivery of Hudaco ordinary shares,
purchased by the company (on market) at an average
price of R181.9513868 per share. The highest price paid
was R181.97 and the lowest price was R178.98.
No of share Shares purchased
Transaction appreciation Strike price and delivered to Value of transaction
number rights exercised (R) settle (R)
1 18 837 117.27 6 585 1 198 149.88
2 33 200 68.37 20 611 3 750 200.03
Date of transaction 3 : 7 August 2024
Nature of transaction 3 : Sale of 27 196 Hudaco ordinary shares (on market) at an
average price of R181.9513868 per share. The highest
price was R181.97 and the lowest price was R178.98.
Value of transaction 3 : R4 948 349.91
Nature of interest : Direct beneficial
Written clearance obtained : Yes
EDENVALE
8 August 2024
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 08-08-2024 03:30:00
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