Hosken Consolidated Investments Limited - Further cautionary announcement
Hosken Consolidated Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1973/07111/06)
(ISIN ZA000003257) (Share code HCI)
("HCI" or "the company")
Further cautionary announcement
Shareholders are referred to the announcement and further cautionary
announcement published in the press on 29 August 2002 wherein it was reported
that HCI had entered into negotiations with Venfin Limited regarding the
proposed disposal of its entire interest of 5% in Vodacom Group (Proprietary)
Limited for a net amount of not less than R1,5 billion from such disposal (" the
proposed disposal").
The board of directors of the company wishes to advise that the major hurdle of
securing the support of the company`s major shareholders, in concluding these
negotiations, has now been secured.
Accordingly, as the company is continuing with negotiations to pursue the
proposed disposal, shareholders are advised to continue to exercise caution when
dealing in their HCI ordinary shares until a further announcement is made.
Sponsor
ENF Sponsors (Proprietary) Limited
(Registration number 2000/027636/07)
Date: 20/09/2002 12:53:24 PM Produced by the JSE SENS Department
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