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HOSKEN CONSOLIDATED INVESTMENTS LTD - Posting of Circular and Notice of General Meeting

Release Date: 09/01/2015 16:55
Code(s): HCI     PDF:  
Wrap Text
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

HCI shareholders ("HCI Shareholders") are referred to the announcement released by HCI on SENS on
Monday, 1 December 2014 regarding the specific repurchase of 2,000,000 HCI ordinary shares (“HCI
Shares”) from certain directors of HCI, directors of HCI subsidiary companies and/or associates of such
directors (“Specific Repurchase”).

HCI Shareholders are hereby advised that a circular (“Circular”) has been posted to HCI Shareholders
today containing, inter alia:
    - details of the Specific Repurchase;
    - details of the repurchase of 5,500,000 HCI Shares from a wholly owned subsidiary of HCI
        (“Subsidiary Repurchase”);
    - a notice convening the general meeting of HCI Shareholders (“General Meeting”); and
    - a form of proxy to vote at the General Meeting (for use only by certificated HCI Shareholders and
        own-name dematerialised HCI Shareholders).

HCI Shareholders are advised that the Specific Repurchase and the Subsidiary Repurchase are subject
to the fulfilment of certain conditions precedent as detailed in the Circular, including approval by 75% of
HCI Shareholders (excluding related parties) and are advised to review the Circular for a summary of the
key terms and conditions of the transactions.


2. NOTICE OF HCI SHAREHOLDERS’ MEETING

The General Meeting will be held in the boardroom at HCI’s office, Suite 801, 76 Regent Road, Sea Point,
Cape Town, 8005 at 10:00 on Tuesday, 10 February 2015 to consider and, if deemed fit, pass, with or
without modification, the resolutions necessary to implement the Specific Repurchase and the Subsidiary
Repurchase.


3. IMPORTANT DATES AND TIMES

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

Notice record date, being the date on which a HCI Shareholder must be              Friday, 2 January 2015
registered in the register in order to be eligible to receive the notice of
General Meeting on

Circular posted to HCI Shareholders and notice convening the General               Friday, 9 January 2015
Meeting released on SENS on

Last day to trade HCI Shares in order to be recorded in the register to           Friday, 23 January 2015
vote at the General Meeting (see note 2 below) on

General Meeting record date, being the date on which an HCI                       Friday, 30 January 2015
Shareholder must be registered in the register in order to be eligible to
attend and participate in the General Meeting and to vote thereat, by
close of trade on

Form of proxy in respect of the General Meeting to be lodged for                  Friday, 6 February 2015
administrative purposes, by 10:00 (or may thereafter be lodged by hand
with the Company prior to 10:00 on Tuesday, 10 February 2015) on

General Meeting held at 10:00 on                                                Tuesday, 10 February 2015

Results of the General Meeting published on SENS on                             Tuesday, 10 February 2015

Cancellation and delisting of the repurchased HCI Shares on or about            Tuesday, 17 February 2015


Notes:
1. The above dates and times are subject to amendment at the discretion of HCI. Any such amendment
   will be released on SENS.
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 five business days after such
   trade. Therefore, HCI Shareholders who acquire HCI Shares after close of trade on Friday, 23
   January 2015 will not be eligible to attend, participate in and to vote at the General Meeting.
3. All dates and times indicated above are South African Standard Times.



Cape Town
9 January 2015

Investment Bank
Investec Bank Limited

Sponsor
Investec Bank Limited

Legal advisers
Edward Nathan Sonnenbergs Inc.

Independent expert
BDO Corporate Finance Proprietary Limited

Date: 09/01/2015 04:55:00 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.

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