HOSKEN CONSOLIDATED INVESTMENTS LIMITED - 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 Thursday, 28
     April 2016 (“Announcement”) in relation to:
     -    the agreements concluded by HCI with entities related and/or associated to certain directors of HCI and its subsidiary
          companies, and the Southern African Clothing and Textile Workers’ Union in terms of which HCI (and, in relation to
          the shares held by SACTWU, HCI’s wholly-owned Subsidiary, Squirewood Investments 64 Proprietary Limited) will
          acquire in aggregate up to 16 140 000 HCI ordinary shares (“HCI Shares”) (approximately 15.4% of the issued share
          capital of HCI), subject to the terms and conditions set out in the Announcement, at a price of R105.00 per HCI Share
          (the “Repurchase Transactions”).

2.   POSTING OF THE CIRCULAR NOTICE OF HCI SHAREHOLDERS MEETING

     HCI Shareholders are hereby advised that a circular (“Circular”) containing, inter alia, details of the Repurchase
     Transactions, 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 Repurchase Transactions are 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 Repurchase Transactions.

     The General Meeting will be held at the offices of HCI, 4 Stirling Street, Zonnebloem, 7925, Cape Town, on Thursday, 21
     July 2016 at 10:00, to consider and, if deemed fit, pass, with or without modification, the special and ordinary resolutions
     necessary to implement the Repurchase Transactions.

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 an HCI Shareholder must be                             Friday, 17 June
        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                               Wednesday, 22 June
        Meeting released on SENS, on

        Last day to trade HCI Shares in order to be recorded in the register to vote                       Tuesday, 12 July
        at the General Meeting (see note 2 below) on

        General Meeting record date, being the date on which an HCI Shareholder
        must be registered in the register in order to be eligible to attend and                           Friday, 15 July
        participate in the General Meeting and to vote thereat, by close of trade on

        Forms of proxy in respect of the General Meeting to be lodged, for
        administrative purposes, by 10:00, on                                                              Tuesday, 19 July
        (or may thereafter be lodged by hand prior to 10:00 on Thursday, 21 July
        2016)


        General Meeting held at 10:00 on                                                                   Thursday, 21 July

        Results of the General Meeting published on SENS on                                                Thursday, 21 July


Notes:

    1.    The above dates and times are subject to amendment at the discretion of HCI. Any such amendment will be released
          on SENS and published 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 three Business Days after such trade (from 11 July 2016). Therefore, HCI
          Shareholders who acquire HCI Shares after close of trade on Tuesday, 12 July 2016 will not be eligible to attend at,
          participate in and to vote at the General Meeting.
    3.    All dates and times indicated above are South African Standard Times.
    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
22 June 2016

Corporate Adviser and Transaction Sponsor to HCI
Investec Corporate Finance

Legal Adviser
Edward Nathan Sonnenbergs Inc.

Independent Expert
BDO Corporate Finance Proprietary Limited

Date: 22/06/2016 03:24:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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