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Further announcement relating to the suspension of the executive chairman pending a disciplinary enquiry
HOSKEN CONSOLIDATED INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1973/007111/06)
(Share code: HCI & ISIN: ZAE000003257)
FURTHER ANNOUNCEMENT RELATING TO THE SUSPENSION OF EXECUTIVE CHAIRMAN
PENDING A DISCIPLINARY ENQUIRY
Shareholders are referred to the SENS announcements published on 22 and 23
October 2014.
Shareholders are informed that, the Company’s position that Mr Marcel
Golding should face disciplinary proceedings regarding his alleged gross
misconduct has been vindicated by the Labour Court of South Africa held at
Cape Town, and those disciplinary proceedings will continue.
Insofar as Mr Golding has made certain outrageous allegations relating to
political interference in respect of the media, such allegations are denied
by the Company.
The Company re-affirms its commitment to protect its interests and of its
shareholders, to promote an independent media free of political or
government interference, and to a lawful and fair disciplinary enquiry.
The Company sees no benefit in conducting this process through the press.
As soon as circumstances permit, a further announcement will be issued by
the Company.
Cape Town
27 October 2014
Sponsor: Investec Bank Limited
Date: 27/10/2014 02:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
