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
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