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HUDACO INDUSTRIES LIMITED - Directors Dealing in Securities

Release Date: 04/03/2024 17:50
Code(s): HDC     PDF:  
Wrap Text
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          : EJ Smith

Designation               : Executive director

Date of transaction 1     : 29 February 2024

Nature of transaction 1   : In terms of the retention focused Hudaco share matching
                            scheme, based on his short-term bonus formula, Ernie
                            Smith was entitled to commit to the scheme by 23 April
                            2024, Hudaco ordinary shares ("Hudaco shares") up to
                            the value of R2 730 000. On 29 February 2024, based on
                            the previous trading day's VWAP price of R162.06 per
                            share, he committed (off   market)15 406 Hudaco shares
                            to the scheme. These shares will be held in his share
                            matching scheme account for a period of three years to
                            28 February 2027, at which date he will have the right
                            to require the company to purchase Hudaco shares for
                            his benefit in accordance with the rules of the scheme,
                            on condition that he is still in the company's employ
                            at that date.

Value of transaction 1        : R2 496 696.36

Date of transaction 2         : 4 March 2024

Nature of transaction 2       : On 4 March 2024, Ernie Smith purchased 1 500 Hudaco
                                shares at an average market price of R165.30663, the
                                lowest market price being R165.20 and highest market
                                price R165.50 (on market). 1 411 of these shares
                                will be held in his share matching scheme account
                                for a period of three years to 3 March 2027, at which
                                date he will have the right to require the company
                                to purchase Hudaco shares for his benefit in
                                accordance with the rules of the scheme, on
                                condition that he is still in the company's employ
                                at that date.

Value of transaction 2     : R247 959.94, of which R233 247.65 pertains to the
                             share matching scheme

Nature of interest         : Direct beneficial

Clearance obtained         : Yes


Name of the company        : Hudaco

Name of director           : GR Dunford

Designation                : Chief executive

Date of transaction        : 1 March 2024

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
                             15 April 2024 shares up to the value of R5 966 000. On
                             1 March 2024, based on the previous trading day's VWAP
                             price of R161.65 per share, he committed (off
                             market)36 906 Hudaco shares to the scheme. These shares
                             will be held in his share matching scheme account for a
                             period of three years to 28 February 2027, at which
                             date he will have the right to require the company to
                             purchase Hudaco shares for his benefit in accordance
                             with the rules of the scheme, on condition that he is
                             still in the company's employ at that date.

Value of transaction      : R5 965 854,90

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       : 1 March 2024

Nature of transaction     : 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 15 April
                            2024 shares up to the value of R2 080 900. On 1 March
                            2024, based on the previous trading day's VWAP price of
                            R161.65 per share, he committed (off market)12 872
                            Hudaco shares to the scheme. These shares will be held
                            in his share matching scheme account until 28 February
                            2026 (his scheduled retirement date), at which date he
                            will have the right to require the company to purchase
                            Hudaco shares for his benefit in accordance with the
                            rules of the scheme, on condition that he is still in
                            the company's employ at that date.

Value of transaction      : R2 080 758.80

Nature of interest        : Direct beneficial

Clearance obtained        : Yes



Johannesburg
4 March 2024

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 04-03-2024 05:50:00
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