Hudaco Industries Limited (JSE:HDC) News - Director's 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

DIRECTOR’S DEALING IN SECURITIES

 Name of the company                :   Hudaco

 Name of director                   :   GR Dunford

 Designation                        :   Chief executive

 Date of transactions 1 and 2       :   24 February 2022

 Nature of transaction 1            :   Exercise at a VWAP price of R154.87 of
                                        39 575 share appreciation rights with a
                                        strike price of R92.04 and expiring in
                                        July 2022, under the Hudaco Industries
                                        Share Appreciation Plan (off market).

                                        Settled by the delivery of 16 043
                                        Hudaco ordinary shares, purchased by
                                        the company on 25 and 28 February 2022
                                        (on market) at an average price of
                                        R149.06 per share, with lowest and
                                        highest prices per share of R148.20 and
                                        R150.01, respectively.

 Value of transaction 1             :   R2 391 416.78

 Nature of transaction 2            :   Exercise at a VWAP price of R154.87 of
                                        15 000 share appreciation rights with a
                                        strike price of R125.24 and expiring in
                                        July 2022, under the Hudaco Industries
                                        Share Appreciation Plan (off market).

                                        Settled by the delivery of 2 869 Hudaco
                                        ordinary shares, purchased by the
                                        company on 25 and 28 February 2022 (on
                                        market) at an average price of R149.06
                                        per share, with lowest and highest
                                        prices per share of R148.20 and
                                        R150.01, respectively.

 Value of transaction 2             :   R427 661.58


 Date of transaction 3              :   25 February 2022

 Nature of transaction 3            :   Sale of 8 512 Hudaco ordinary shares at
                                        the current market price of R148.20 per
                                        share (on market) to settle the tax
                                        liability arising on transactions 1 and
                                        2.

 Value of transaction 3:            :   R1 261 478.40

 Nature of interest                 :   Direct beneficial

 Written clearance obtained         :   Yes


Edenvale
1 March 2022

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 01-03-2022 08:15:00
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