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Acceptance of awards by directors of Hulamin and major subsidiaries
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 DIRECTORS OF HULAMIN AND DIRECTORS OF MAJOR
SUBSIDIARIES IN TERMS OF THE EQUITY-SETTLED CONDITIONAL SHARE PLAN
In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited,
shareholders are advised that the Company has made the following awards of Bonus Shares and
Performance Shares in terms of its Equity-Settled Conditional Share Plan ("Share Plan"):
Name of recipient: M Gounder – Executive director
Name of company: Hulamin Limited
Off-market acceptance of conditional Performance
Nature of transaction: Shares awarded in terms of the Share Plan
Class of security: Ordinary shares
Date of award: 5 April 2024
Date of acceptance of award: 22 April 2024
Number of Performance Shares
awarded and accepted: 460 460
Issue price: Rnil (Free of charge)
Deemed value of award (based on a 30-
day volume-weighted average price
(VWAP) of a Hulamin share of R2.87 as
at 31 December 2023 calculated in
terms of the guidelines of the Share
Plan): R1 321 520.20
Vesting date: 4 April 2027
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes
Name of recipient: M Gounder – Executive director
Name of company: Hulamin Limited
Off-market acceptance of conditional Bonus Shares
Nature of transaction: awarded in terms of the Share Plan
Class of security: Ordinary shares
Date of award: 5 April 2024
Date of acceptance of award: 22 April 2024
Number of Bonus Shares awarded and
accepted: 207 587
Issue price: Rnil (Free of charge)
Deemed value of award (based on a 30-
day volume-weighted average price
(VWAP) of a Hulamin share of R2.87 as
at 31 December 2023 calculated in
terms of the guidelines of the Share
Plan): R595 774.69
Vesting date: 4 April 2027
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes
Name of recipient: MA Janneker – Director of major subsidiary
Name of subsidiary: Hulamin Operations Proprietary Limited
Off-market acceptance of conditional Performance
Nature of transaction: Shares awarded in terms of the Share Plan
Class of security: Ordinary shares
Date of award: 5 April 2024
Date of acceptance of award: 22 April 2024
Number of Performance Shares
awarded and accepted: 219 372
Issue price: Rnil (Free of charge)
Deemed value of award (based on a 30-
day volume-weighted average price
(VWAP) of a Hulamin share of R2.87 as
at 31 December 2023 calculated in
terms of the guidelines of the Share
Plan): R629 597.64
Vesting date: 4 April 2027
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes
Name of recipient: MA Janneker – Director of major subsidiary
Name of subsidiary: Hulamin Operations Proprietary Limited
Off-market acceptance of conditional Bonus Shares
Nature of transaction: awarded in terms of the Share Plan
Class of security: Ordinary shares
Date of award: 5 April 2024
Date of acceptance of award: 22 April 2024
Number of Bonus Shares awarded and
accepted: 140 389
Issue price: Rnil (Free of charge)
Deemed value of award (based on a 30-
day volume-weighted average price
(VWAP) of a Hulamin share of R2.87 as
at 31 December 2023 calculated in
terms of the guidelines of the Share
Plan): R402 916.43
Vesting date: 4 April 2027
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes
Name of recipient: KP Deere – Director of major subsidiary
Name of subsidiary: Hulamin Operations Proprietary Limited
Off-market acceptance of conditional Performance
Nature of transaction: Shares awarded in terms of the Share Plan
Class of security: Ordinary shares
Date of award: 5 April 2024
Date of acceptance of award: 22 April 2024
Number of Performance Shares
awarded and accepted: 205 318
Issue price: Rnil (Free of charge)
Deemed value of award (based on a 30-
day volume-weighted average price
(VWAP) of a Hulamin share of R2.87 as
at 31 December 2023 calculated in
terms of the guidelines of the Share
Plan): R589 262.66
Vesting date: 4 April 2027
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes
Name of recipient: KP Deere – Director of major subsidiary
Name of subsidiary: Hulamin Operations Proprietary Limited
Off-market acceptance of conditional Bonus Shares
Nature of transaction: awarded in terms of the Share Plan
Class of security: Ordinary shares
Date of award: 5 April 2024
Date of acceptance of award: 22 April 2024
Number of Bonus Shares awarded and
accepted: 129 363
Issue price: Rnil (Free of charge)
Deemed value of award (based on a 30-
day volume-weighted average price
(VWAP) of a Hulamin share of R2.87 as
at 31 December 2023 calculated in
terms of the guidelines of the Share
Plan): R371 271.81
Vesting date: 4 April 2027
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes
Pietermaritzburg
23 April 2024
Sponsor
Questco Corporate Advisory Proprietary Limited
Date: 23-04-2024 01:17:00
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