HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Results of The Annual General Meeting

Results of The Annual General Meeting

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


RESULTS OF THE ANNUAL GENERAL MEETING


Shareholders are hereby advised that at the annual general meeting of the Company held at
12:00 today, Monday, 22 October 2018 at the registered offices of the Company, Suite 801, 76
Regent Road, Sea Point (“AGM”), all of the resolutions were passed by the requisite majorities
of the Company’s shareholders.


                                          Votes
                        Votes for        against
                       resolution     resolution
                             as a           as a                 Number of     Number of
                       percentage     percentage                    shares        shares
                         of total       of total                  voted at     abstained
                        number of      number of     Number of    AGM as a          as a
Resolutions                shares         shares        shares  percentage    percentage
proposed at the          voted at       voted at      voted at  of votable    of votable
AGM                           AGM            AGM           AGM      shares        shares

Ordinary resolution
number 1:
Retirement, re-
election and
confirmation of
appointment of
directors

1.1 Mr TG Govender        99.87%          0.13%     82 500 110      96.06%          0.02%
1.2 Mr FM Magugu          96.88%          3.12%     82 500 110      96.06%          0.02%
1.3 Dr LM Molefi          98.64%          1.36%     82 500 110      96.06%          0.02%
1.4 Mr JG Ngcobo          97.22%          2.78%     82 500 110      96.06%          0.02%

Ordinary resolution
number 2:
Re-appointment of
external auditor          85.08%         14.92%     82 500 993      96.06%          0.02%

Ordinary resolution
number 3:
Re-appointment of
members of the
audit and risk
committee:

3.1 Mr MSI Gani          99.83%         0.17%     82 500 993        96.06%          0.02%
3.2 Dr LM Molefi         96.00%         4.00%     82 500 993        96.06%          0.02%
3.3 Mr JG Ngcobo         96.00%         4.00%     82 500 993        96.06%          0.02%


Ordinary resolution
number 4:
General authority
over authorised but
unissued shares          78.77%        21.23%     82 500 993        96.06%          0.02%

Non-binding
advisory vote 1:
Non-binding
advisory vote on the
Company’s
remuneration policy      80.82%        19.18%     82 500 110        96.06%          0.02%

Non-binding
advisory vote 2:
Non-binding
advisory vote on the
Company’s
implementation
report on the
remuneration policy      89.56%        10.44%     82 500 110        96.08%          0.02%

Special resolution
number 1:
General authority to
issue ordinary
shares, options and
convertible securities
for cash                 83.34%        16.66%     82 351 419        95.88%          0.02%

Special number 2:
Approval of annual
fees to be paid to
non-executive
directors                99.08%         0.92%     82 500 993        96.06%          0.02%

Special resolution
number 3:
General authority to
repurchase
Company shares           99.63%         0.37%     82 500 110        96.06%          0.02%

Special resolution
number 4:
Shareholders’
general authorisation
of financial
assistance               90.29%         9.71%     82 500 993        96.06%          0.02%

Note
Total number of shares in issue as at the date of the AGM is 90 126 648; total number of shares
that can be exercised at the meeting is 85 886 722.


Cape Town
22 October 2018

Sponsor: Investec Bank Limited

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