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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 code: ZAE000003273
DEALING IN SECURITIES BY DIRECTOR
Name of the company : Hudaco
Name of director : LFJ Meiring
Designation : Executive director
Nature of transactions 1 and 2 : Exercise on 19 October 2023 at a VWAP
price of R154.80 of share appreciation
rights with a strike price, under the
Hudaco Industries Share Appreciation
Plan (off market), as set out below.
Settled by the delivery of Hudaco
ordinary shares, purchased on 20
October 2023 by the company (on market)
at an average price of R155.5098 per
share, with lowest and highest prices
per share of R153.19 and R156.00,
respectively.
No of
shares
No of share purchased
appreciation Strike and Value of
Transaction rights price delivered transaction
number exercised (R) to settle (R)
1 36 588 117.27 8 870 1 379 371.93
2 47 333 68.37 26 427 4 109 657.48
Date of transaction 3 : 20 October 2023
Nature of transaction 3 : Sale of 15 885 Hudaco ordinary shares
at the current market price of R155.49
per share (on market) to settle the tax
liability arising on transactions 1 and
2.
Value of transaction 3: : R2 469 958.65
Nature of interest : Direct beneficial
Written clearance obtained : Yes
Edenvale
23 October 2023
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
