HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Results of the General Meeting

Results of the General Meeting

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



RESULTS OF THE GENERAL MEETING



1. INTRODUCTION

  HCI ordinary shareholders (“HCI Shareholders”) are advised that at the general meeting held on Wednesday, 31
  May 2017 (“General Meeting”) all the resolutions, as proposed in the notice of General Meeting were approved,
  without modification, by the requisite majority of HCI Shareholders.


2. RESULTS OF THE VOTING AT THE GENERAL MEETING


      The resolutions were voted on as follows:

                                                             % of issued
                                                           share capital        Number of shares
                                                          
       Total number of shares that could be voted at
       meeting                                                  100.00%               88 034 283
       
       Total number of shares present/represented
       including proxies at meeting (including shares
       abstained from voting)                                    91.41%               80 471 627



                                                          Number of votes (one vote per share)

                                                                For           Against        Abstain
       SPECIAL RESOLUTION
       1. Special resolution to repurchase 2 688          75 957 137                0          1 376
          000 HCI ordinary shares from the HCI               100.00%            0.00%          0.00%
          Foundation (in terms of shares eligible to
          be voted)                                         

       ORDINARY RESOLUTION

       1. Authorisation for directors to implement        80 470 251              0            1 376
          resolution                                         100.00%          0.00%            0.00%


3. FURTHER CONDITIONS PRECEDENT

   The repurchase transaction remains subject to various conditions precedent as set out in the circular to
   HCI Shareholders dated 2 May 2017. A further announcement will be released once all of the
   conditions precedent have been fulfilled or waived.


31 May 2017
Cape Town

Sponsor and Corporate Adviser
Investec Bank Limited

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