HCI - Hosken Consolidated Investments Limited - Fulfilment of Conditions
HCI
HCI
HCI - Hosken Consolidated Investments Limited - Fulfilment of Conditions
Precedent
HOSKEN CONSOLIDATED INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1973/007111/06)
(Share code: HCI & ISIN: ZAE000003257)
("HCI")
Fulfilment of conditions precedent to the transaction between Tsogo Investment
Holding Company (Proprietary) Limited ("TIH"), a 74.67% held subsidiary of HCI,
and NAFCOC Investment Holding Company (Proprietary) Limited ("Nafhold") pursuant
to which the HCI group increases its interest in TIH.
Shareholders are referred to the announcement made on 14 December 2009 on the
Stock Exchange News Service, that TIH had entered into an agreement with
Nafhold pursuant to which the HCI Group would increase its interest in TIH to
99.56%. The main business of TIH is to hold a 51% interest in Tsogo Sun Group
(Proprietary) Limited.
Shareholders are advised that all the conditions precedent to the above
transaction have now been fulfilled and that the transaction has been
implemented with effect from 15th October 2010.
15 October 2010
Cape Town
Sponsor: Investec Bank Limited
Attorneys to HCI: Edward Nathan Sonnenbergs Inc.
Date: 15/10/2010 16:38:01 Produced by the JSE SENS Department.
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