HOSKEN CONSOLIDATED INVESTMENTS LTD - Posting of circular and notice of general meeting

Posting of circular and notice of general meeting

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



POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING


1.   INTRODUCTION

     Shareholders of HCI ("HCI Shareholders") are referred to the announcement released by HCI on SENS on Wednesday,
     2 October 2013 and published in the press on Thursday, 3 October 2013 in relation to an agreement entered into
     between HCI and Mr Andre van der Veen, a director of various subsidiaries of HCI, in terms of which HCI will acquire
     220,000 ordinary shares, having a par value of 25 cents each, in the issued share capital of HCI (“HCI Shares”) from Mr
     Andre van der Veen at a price of R123.00 per HCI Share (“Specific Repurchase”).

     HCI Shareholders are hereby advised that a circular (“Circular”) containing, inter alia, details of the Specific
     Repurchase, a notice of general meeting of the HCI Shareholders (“General Meeting”) and a form of proxy has been
     posted to HCI Shareholders today. HCI Shareholders are advised that the Specific Repurchase is subject to the
     fulfilment of certain conditions precedent detailed in the Circular, and are advised to review the Circular for a summary of
     the key terms and conditions of the Specific Repurchase.

2.   NOTICE OF HCI SHAREHOLDERS MEETING

     The General Meeting will be held at the offices of HCI, Block B, Longkloof Studios, Darters Road, Gardens, Cape Town,
     8001, on Friday, 13 December 2013 at 10:00 to consider and, if deemed fit, pass, with or without modification, the
     resolutions necessary to implement the Specific Repurchase.

3.   IMPORTANT DATES AND TIMES

      The important dates and times in relation to the General Meeting are set out below:


      Record date to receive Circular and notice of General Meeting                                  Friday, 8 November 2013

      Circular and notice of General Meeting posted to HCI Shareholders on                           Wednesday, 13 November 2013


      Last day to trade in HCI Shares in order to be recorded in HCI’s securities
      register to participate in and vote at the General Meeting                                     Friday, 29 November 2013
      

      Record date to be entitled to attend, participate in and vote at the General
      Meeting by close of trading on                                                                 Friday, 6 December 2013
      

      Proxy forms for the General Meeting to be received by 10:00, on (or may
      thereafter be lodged by hand with the Company prior to 10:00 on Friday, 13                     Wednesday, 11 December 2013
      December 2013)

      General Meeting held at 10:00 on                                                               Friday, 13 December 2013

      Results of the General Meeting released on SENS on                                             Friday, 13 December 2013


      Cancellation and delisting of the HCI Shares bought back                                       Friday, 20 December 2013

Notes:

     1.   All dates and times may be changed by HCI and/or may be subject to certain regulatory approvals being obtained.
          Any change will be published on SENS and in the South African press.
     2.   HCI Shareholders should note that, as transactions in HCI shares are settled in the electronic settlement system
          used by Strate, settlement of trades takes place 5 business days after such trade. Therefore, HCI Shareholders
          who acquire shares after Friday, 29 November 2013 will not be eligible to participate in and vote at the General
          Meeting.
     3.   All times are local times in South Africa.
     4.   If the General Meeting is adjourned or postponed, forms of proxy submitted for the initial General Meeting will
          remain valid in respect of any adjournment or postponement of the General Meeting.


Cape Town
13 November 2013

Investment Bank and Transaction Sponsor to HCI
Investec Corporate Finance

Legal Advisor
Taback and Associates Proprietary Limited

Reporting Accountants
Grant Thornton (Jhb) Inc

Date: 13/11/2013 07:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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