Hudaco directors exercise share appreciation rights

GR Dunford, Hudaco Industries Limited's chief executive, exercised share appreciation rights on 5,158 shares with strike prices ranging from R102.93 to R149.51, settled by delivering 1,293 shares purchased at R187.91-R189.58. He sold 552 shares for R103,726 to cover tax liability.

Financial director CV Amoils exercised rights for 2,251 shares, settled by delivering 542 shares, and sold 246 shares for R46,226 for tax purposes. Executive alternate director EJ Smith exercised rights for 1,749 shares, settled by 319 shares, and sold 144 shares for R27,059.