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HCI
HCI
HCI - Hosken Consolidated Investments Limited - Results of the Mandatory Offer
HOSKEN CONSOLIDATED INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1973/007111/06)
Share code: HCI
ISIN: ZAE000003257
("HCI")
KWV HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2009/012871/06)
("KWV")
RESULTS OF THE MANDATORY OFFER BY HCI-KWV HOLDINGS PROPRIETARY LIMITED ("HCI-KWV
HOLDINGS"), A SUBSIDIARY OF HCI, TO ACQUIRE ALL OF THE ORDINARY SHARES IN THE
ISSUED SHARE CAPITAL OF KWV (OTHER THAN THOSE THAT IT ALREADY OWNS)
Shareholders are referred to the mandatory offer made by HCI-KWV Holdings to
acquire all the KWV shares that it does not already own, for a cash
consideration of 850 cents per KWV share, the details of which were announced on
the Securities Exchange News Services of the JSE Limited on 21 December 2011 and
contained in the mandatory offer document posted to shareholders on 20 January
2012.
The aforementioned mandatory offer closed at 12:00 on 22 March 2012.
Shareholders are hereby advised that in terms of the mandatory offer, HCI-KWV
Holdings received acceptances from KWV shareholders holding 356 435 KWV shares,
constituting approximately 0.5% of the issued ordinary shares of KWV (net of
treasury shares).
Prior to the mandatory offer HCI-KWV Holdings held 35.01% of the issued share
capital of KWV. Subsequent to the mandatory offer, HCI-KWV Holdings now holds
35.52% of the issued share capital of KWV, net of treasury shares.
For shareholders who have accepted the mandatory offer but have not yet received
the offer consideration, cheques will be posted to such shareholders or the
offer consideration will be credited to their Central Security Depository
Participant ("CSDP") account within six business days after their having validly
accepted the mandatory offer.
Cape Town
23 March 2012
Investment Bank and Sponsor to HCI:
Investec Bank Limited
Legal Advisers to HCI:
Edward Nathan Sonnenbergs Inc
Date: 23/03/2012 07:05:04 Produced by the JSE SENS Department.
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