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HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Acquisition of HCI shares by directors pursuant to the exercise and net settlement of share options

Release Date: 27/02/2017 15:47
Code(s): HCI     PDF:  
Wrap Text
Acquisition of HCI shares by directors pursuant to the exercise and net settlement of share options

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

ACQUISITION OF HCI SHARES BY DIRECTORS PURSUANT TO THE EXERCISE AND NET
SETTLEMENT OF SHARE OPTIONS

In compliance with Rules 3.63 - 3.74 of the JSE Limited Listing
Requirements the following information regarding the off-market acquisition
of HCI shares by directors pursuant to the exercise and net settlement of
share options previously granted in terms of the HCI Employee Share Scheme
is disclosed:

Director                               :   Mr J A Copelyn
Designation                            :   Chief Executive Officer
Nature of transaction                  :   Off market acquisition of HCI
                                           shares pursuant to the exercise
                                           and net settlement of HCI share
                                           options previously granted
Nature of interest                     :   Direct beneficial
Class of securities                    :   Ordinary shares
Date of acquisition                    :   27 February 2017
Number of shares                       :   21 200
Purchase price per share               :   R134.10
Total value of transaction             :   R2 842 920

Clearance                              :   Clearance in terms of par. 3.66 of
                                           the JSE Listings Requirements was
                                           obtained.



Director                               :   Mr T G Govender
Designation                            :   Financial Director
Nature of transaction                  :   Off market acquisition of HCI
                                           shares pursuant to the exercise
                                           and net settlement of HCI share
                                           options previously granted
Nature of interest                     :   Direct beneficial
Class of securities                    :   Ordinary shares
Date of acquisition                    :   27 February 2017
Number of shares                       :   14 251
Purchase price per share               :   R134.10
Total value of transaction             :   R1 911 059.10

Clearance                              :   Clearance in terms of par. 3.66 of
                                           the JSE Listings Requirements was
                                           obtained.

Cape Town
27 February 2017
Sponsor: Investec Bank Limited

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