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Fri 11 Jul 2025
Close: 18 556c 
Day's move: -114c (-0.61%)
Volume: 6 043
Trades: 104
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Hudaco - change to the Board of Directors
Tlaleng Moabi has been appointed as an independent non-executive director of Hudaco effective 1 July 2025.
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Hudaco - lease agreement notice
Shareholders were advised that Hudaco Trading (Pty) Ltd. ("Hudaco Trading"), an 85% held subsidiary of Hudaco, has negotiated new lease agreements ("Lease Agreements") with Dufomo Investments (Pty) Ltd. ("Dufomo") for a period of five years in terms of which:
- Gear Pump Manufacturing ("GPM"), a division of Hudaco Trading, will continue to lease premises located at 15 Moody Avenue, Epping 1, Cape Town (the "GPM Premises"); and
- Joseph Grieveson, a division of Hudaco Trading, will continue to lease the premises located at 332 Aberdare Drive, Phoenix Industrial Park, Phoenix, Durban (the "Joseph Grieveson Premises").
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Hudaco - acquisition of Flosolve
Shareholders were advised that Hudaco has signed an agreement with Flosolve to acquire its trading assets and liabilities ("the Flosolve Business")("the Transaction") with effect from 1 June 2025 (the "Effective Date").
The purchase consideration (the "Consideration") will be based on the annual profit after tax of the Flosolve Business for the three years after the Effective Date, with an initial payment of R45m and a maximum Consideration of R125 million. This will be funded from cash generation and existing facilities of Hudaco.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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