HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Grant and Acceptance of Options to Directors and Officers

Grant and Acceptance of Options to Directors and Officers

HOSKEN CONSOLIDATED INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1973/007111/06)
(Share code: HCI & ISIN: ZAE000003257)

GRANT AND ACCEPTANCE OF OPTIONS TO DIRECTORS AND OFFICERS

In compliance with Rules 3.63 - 3.74 of the JSE Limited Listing Requirements
the following information regarding the granting and acceptance of options in
terms of the HCI Employee Share Scheme is disclosed:



Director                    :    Mr J A Copelyn
Designation                 :    Chief Executive Officer
Nature of transaction       :    Grant and acceptance of option, Off market
Nature of Interest          :    Direct, Beneficial
Class of Shares             :    Ordinary shares
Date of grant of option     :    18 December 2020
Date of acceptance          :    23 December 2020
Number of options           :    379 364
Option strike price         :    R49.30 (10% discount to the 20 day
                                 VWAP)
Value of transaction        :    R18 702 645
Vesting date of options     :    18 December 2024 and 2025 in equal parts
Expiry date of options      :    18 June 2025 and 2026


Director                    :    Mr J R Nicolella
Designation                 :    Financial Director
Nature of transaction       :    Grant and acceptance of option, Off market
Nature of Interest          :    Direct, Beneficial
Class of Shares             :    Ordinary shares
Date of grant of option     :    18 December 2020
Date of acceptance          :    23 December 2020
Number of options           :    197 176
Option strike price         :    R49.30 (10% discount to the 20 day
                                 VWAP)
Value of transaction        :    R9 720 777
Vesting date of options     :    18 December 2024 and 2025 in equal parts
Expiry date of options      :    18 June 2025 and 2026


Director                    :    Mr T G Govender
Designation                 :    Executive Director
Nature of transaction       :    Grant and acceptance of option, Off market
Nature of Interest          :    Direct, Beneficial
Class of Shares             :    Ordinary shares
Date of grant of option     :    18 December 2020
Date of acceptance          :    23 December 2020
Number of options           :    164 574
Option strike price         :    R49.30 (10% discount to the 20 day
                                 VWAP)
Value of transaction        :    R8 113 498
Vesting date of options     :    18 December 2024 and 2025 in equal parts
Expiry date of options      :    18 June 2025 and 2026

Director                    :    Mr Y Shaik
Designation                 :    Executive Director
Nature of transaction       :    Grant and acceptance of option, Off market
Nature of Interest          :    Direct, Beneficial
Class of Shares             :    Ordinary shares
Date of grant of option     :    18 December 2020
Date of acceptance          :    23 December 2020
Number of options           :    163 340
Option strike price         :    R49.30 (10% discount to the 20 day
                                 VWAP)
Value of transaction        :    R8 052 662
Vesting date of options     :    18 December 2024 and 2025 in equal parts
Expiry date of options      :    18 June 2025 and 2026


Clearance                   :    Clearance in terms of par. 3.66 of the JSE
                                 Listings Requirements was obtained.


Cape Town
24 December 2020

Sponsor: Investec Bank Limited

Date: 24-12-2020 11:25:00
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