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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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