HOSKEN CONSOLIDATED INVESTMENTS LTD - Further announcement relating to the suspension of executive chairman pending a disciplinary enquiry
HCI 201410270056A
Further announcement relating to the suspension of executive chairman pending a disciplinary enquiry
HOSKEN CONSOLIDATED INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1973/007111/06)
(Share code: HCI & ISIN: ZAE000003257)
FURTHER ANNOUNCEMENT RELATING TO THE SUSPENSION OF EXECUTIVE CHAIRMAN
PENDING A DISCIPLINARY ENQUIRY
Shareholders are referred to the SENS announcements published today and on
22 and 23 October 2014.
We advise that following the Labour Court decision today, Marcel Golding
has elected not to participate in the scheduled disciplinary hearing and
has resigned from his employment from the HCI Group with immediate effect.
Mr Golding has reserved his rights to pursue claims against the group in
the future.
HCI advises its shareholders it will defend such claims and has reserved
its own rights.
Cape Town
27 October 2014
Sponsor: Investec Bank Limited
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