Enhanced Investments - Financial Portal

Acceptance of awards by directors of Hulamin and major subsidiaries

Published: 2024-04-23 14:17:29 ET

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

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.