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HUDACO INDUSTRIES LIMITED
(“Hudaco” or the “Company”)
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 : 120 000 Hudaco share appreciation rights
awarded and accepted
Strike price : R158.63 per share, based on a 10-day VWAP at the date of the award
Value of transaction : R19 035 600.00
Vesting period : Subject to certain performance criteria, 40 000 rights vest 3 years from the
allocation date, with another 40 000 vesting in year 4 and the balance in
year 5.
Date of award : 17 July 2023
Date of acceptance : 27 July 2023
Nature of transaction : Award and acceptance of share appreciation rights 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 : CV Amoils
Designation : Group financial director
Number of share appreciation rights : 11 360 Hudaco share appreciation rights
awarded and accepted
Strike price : R158.63 per share, based on a 10-day VWAP at the date of the award
Value of transaction : R1 802 036.80
Vesting period : Subject to certain performance criteria, the rights vest on 28 February
2026.
Date of award : 17 July 2023
Date of acceptance : 27 July 2023
Nature of transaction : Award and acceptance of share appreciation rights 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 : LFJ Meiring
Designation : Executive director
Number of share appreciation rights : 49 700 Hudaco share appreciation rights
awarded and accepted
Strike price : R158.63 per share, based on a 10-day VWAP at the date of the award
Value of transaction : R7 883 911.00
Vesting period : Subject to certain performance criteria, 16 567 rights vest 3 years from the
allocation date, with another 16 567 vesting in year 4 and the balance in
year 5.
Date of award : 17 July 2023
Date of acceptance : 27 July 2023
Nature of transaction : Award and acceptance of share appreciation rights 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 alternate director
Number of share appreciation rights : 33 600 Hudaco share appreciation rights
awarded and accepted
Strike price : R158.63 per share, based on a 10-day VWAP at the date of the award
Value of transaction : R5 329 968.00
Vesting period : Subject to certain performance criteria, 11 200 rights vest 3 years from the
allocation date, with another 11 200 vesting in year 4 and the balance in
year 5.
Date of award : 17 July 2023
Date of acceptance : 27 July 2023
Nature of transaction : Award and acceptance of share appreciation rights in the normal course of
employment (off market).
Nature of interest : Direct beneficial
Written clearance to deal : Yes
EDENVALE
31 July 2023
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
