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HUDACO INDUSTRIES LIMITED - Directors dealing in securities

12 February 2019 - 10:18 AM
HDC
Directors 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

DIRECTORS DEALING IN SECURITIES

Name of the company        : Hudaco

Name of director           : GR Dunford

Designation                : Chief executive

Date of transaction        : 7 February 2019

Nature of transaction      : In terms of the retention focused Hudaco share
                             matching scheme, based on his short-term bonus
                             formula, Graham Dunford was entitled to commit
                             to the scheme by 8 April 2019 shares up to the
                             value of R4 632 200. On 7 February 2019, based
                             on the daily VWAP price of R133.91 per share,
                             he committed (off market) 34 591 Hudaco shares
                             to the scheme. These shares will be held in
                             his share matching scheme account for a period
                             of three years to 7 February 2022, at which
                             date he will have the right to require the
                             company to purchase 34 591 Hudaco shares for
                             his benefit, on condition that he is still in
                             the companys employ at that date.

Value of transaction       : R4 632 080.81

Nature of interest         : Direct beneficial.

Clearance obtained         : Yes


Name of the company        : Hudaco

Name of director           : CV Amoils

Designation                : Group financial director

Date of transaction        : 7 February 2019

Nature of transaction 1    :  In terms of the retention focused Hudaco
                              share matching scheme, based on his short-
                              term bonus formula, Clifford Amoils was
                              entitled to commit to the scheme by 8 April
                              2019 shares up to the value of R2 302 188. On
                              7 February 2019, based on the daily VWAP
                              price of R133,91 per share, he committed (off
                              market) 17 192 Hudaco shares to the scheme.
                              These shares will be held in his share
                              matching scheme account for a period of three
                              years to 7 February 2022, at which date he
                              will have the right to require the company to
                              purchase 17 192 Hudaco shares for his
                              benefit, on condition that he is still in the
                              companys employ at that date.

Value of transaction       : R2 302 180.72

Nature of interest         : Direct beneficial.

Clearance obtained         : Yes

Johannesburg
12 February 2019

Sponsor: Nedbank Corporate and Investment Banking

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