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HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Announcement relating to the settlement of certain disputes

Release Date: 07/08/2020 08:00
Code(s): HCI     PDF:  
Wrap Text
Announcement relating to the settlement of certain disputes

(Incorporated in the Republic of South Africa)
(Registration number 1973/007111/06)
(Share code: HCI & ISIN: ZAE000003257)
(“HCI” or the “Company”)


HCI Limited and various of its wholly owned subsidiaries together with Zamani, ITHUBA Holdings, the Mabuza
trusts and various of their associates are pleased to announce they have reached agreement on an amount
to settle all issues arising from agreements between them to their mutual satisfaction and have in
consequence agreed to abandon all judgments and outstanding litigation in relation thereto and to cancel all
other agreements between them in exchange for payment of R400 million.

Cape Town
7 August 2020

Sponsor: Investec Bank Limited

Date: 07-08-2020 08:00:00
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