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Acceptance of awards by directors, the company secretary and directors of major subsidiaries

Published: 2021-09-07 13:30:00 ET

Hulamin Limited (JSE:HLM) News - Acceptance of awards by directors, the company secretary and directors of 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 AND THE COMPANY SECRETARY 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 Performance Shares in
terms of its Equity-Settled Conditional Share Plan (“Share Plan”):

 Name of recipient:                            RG Jacob – Executive director
 Name of company:                              Hulamin Limited
 Nature of transaction:                        Off-market acceptance of conditional Performance
                                               Shares awarded in terms of the Share Plan
 Class of security:                            Ordinary shares
 Date of Award:                                1 September 2021
 Date of acceptance of Award:                  6 September 2021
 Number of Performance Shares
 awarded and accepted:                         1 116 224
 Issue price:                                  Rnil (Free of charge)
 Notional value of Award (based on an          R2 723 586.56
 implied price of R2.44 per Hulamin
 share, being the closing price on the
 date immediately preceding the date of
 this announcement):
 Vesting date:                                 26 May 2024
 Nature of interest:                           Direct beneficial
 Clearance to deal obtained:                   Yes

 Name of recipient:                            M Gounder – Executive director
 Name of company:                              Hulamin Limited
 Nature of transaction:                        Off-market acceptance of conditional Performance
                                               Shares awarded in terms of the Share Plan
 Class of security:                            Ordinary shares
 Date of Award:                                1 September 2021
 Date of acceptance of Award:                  6 September 2021
 Number of Performance Shares
 awarded and accepted:                         523 606
 Issue price:                                  Rnil (Free of charge)
 Notional value of Award (based on an          R1 277 598.64
 implied price of R2.44 per Hulamin
 share, being the closing price on the
 date immediately preceding the date of
 this announcement):
 Vesting date:                                 26 May 2024
 Nature of interest:                           Direct beneficial
 Clearance to deal obtained:                   Yes

 Name of recipient:                            CJ Fisher – Director of major subsidiary
 Name of subsidiary:                           Hulamin Operations Proprietary Limited
 Nature of transaction:                        Off-market acceptance of conditional Performance
                                               Shares awarded in terms of the Share Plan
 Class of security:                            Ordinary shares
 Date of Award:                                1 September 2021
 Date of acceptance of Award:                  6 September 2021
 Number of Performance Shares
 awarded and accepted:                         502 449
 Issue price:                                  Rnil (Free of charge)
 Notional value of Award (based on an          R1 225 975.56
 implied price of R2.44 per Hulamin
 share, being the closing price on the
 date immediately preceding the date of
 this announcement):
 Vesting date:                                 26 May 2024
 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
 Nature of transaction:                        Off-market acceptance of conditional Performance
                                               Shares awarded in terms of the Share Plan
 Class of security:                            Ordinary shares
 Date of Award:                                1 September 2021
 Date of acceptance of Award:                  6 September 2021
 Number of Performance Shares                  404 973
 awarded and accepted:
 Issue price:                                  Rnil (Free of charge)
 Notional value of Award (based on an          R988 134.12
 implied price of R2.44 per Hulamin
 share, being the closing price on the
 date immediately preceding the date of
 this announcement):
 Vesting date:                                 26 May 2024
 Nature of interest:                           Direct beneficial
 Clearance to deal obtained:                   Yes

 Name of recipient:                            LM Farquharson – Director of major subsidiary
 Name of subsidiary:                           Hulamin Operations Proprietary Limited
 Nature of transaction:                        Off-market acceptance of conditional Performance
                                               Shares awarded in terms of the Share Plan
 Class of security:                            Ordinary shares
 Date of Award:                                1 September 2021
 Date of acceptance of Award:                  6 September 2021
 Number of Performance Shares                  385 127
 awarded and accepted:
 Issue price:                                  Rnil (Free of charge)
 Notional value of Award (based on an          R939 709.88
 implied price of R2.44 per Hulamin
 share, being the closing price on the
 date immediately preceding the date of
 this announcement):
 Vesting date:                                 26 May 2024
 Nature of interest:                           Direct beneficial
 Clearance to deal obtained:                   Yes

 Name of recipient:                            MDS Ramoetlo – Company secretary
 Name of company:                              Hulamin Limited
 Nature of transaction:                        Off-market acceptance of conditional Performance
                                               Shares awarded in terms of the Share Plan
 Class of security:                            Ordinary shares
 Date of Award:                                1 September 2021
 Date of acceptance of Award:                  6 September 2021
 Number of Performance Shares                  209 695
 awarded and accepted:
 Issue price:                                  Rnil (Free of charge)
 Notional value of Award (based on an          R511 655.80
 implied price of R2.44 per Hulamin
 share, being the closing price on the
 date immediately preceding the date of
 this announcement):
 Vesting date:                                 26 May 2024
 Nature of interest:                           Direct beneficial
 Clearance to deal obtained:                   Yes


Pietermaritzburg
7 September 2021

Sponsor

Questco Corporate Advisory Proprietary Limited

Date: 07-09-2021 03:30:00
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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.