Hosken Consolidated Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1973/07111/06)
(ISIN ZA000003257) (Share code HCI)
("HCI")
AMENDMENTS TO SALIENT DATES
The consortium extending the Offer to minorities feel it appropriate to extend
the closing date of the Offer to enable shareholders adequate time to review the
annual financial results released on the Securities Exchange News Service (SENS)
earlier today. Shareholders are advised that the salient dates particular to
the Offer have been amended as follows:
2003
Last day to trade in order to participate in Friday, 4 July
the Offer
Shares trade ex the offer Monday, 7 July
Offer closes at 14:00 on (see note 1 below) Friday, 11 July
Record date to participate in the Offer Friday, 11 July
Payment to shareholders (see note 3 below)
Notes:
1. Dematerialised shareholders are required to notify their duly appointed
Central Securities Depository Participants ("CSDP") or broker of their
acceptance of the Offer, in whole or in part, in the manner and time stipulated
in the agreement governing the relationship between the shareholder and his CSDP
or broker.
2. Shareholders who do not accept the Offer will remain as shareholders in the
unlisted company post the delisting of HCI. Shareholders who do accept the
Offer will not be able to deal in their shares until the outcome of the court
proceedings, details of which were released on SENS on 11 June 2003.
3. In the event that the relief sought by the applicant under the court
proceedings is refused by the court, the Offer, suspension and delisting will be
implemented as detailed in the circular to shareholders dated 26 May 2003,
subject to the amendments to salient dates recorded herein. In such
circumstances the consideration cheques will be posted to HCI certificated
shareholders, and HCI dematerialised shareholders" safe custody accounts updated
and accounts credited, within five business days thereof.
4. In the event that the relief sought by the applicant under the court
proceedings is granted by the court, such Offer, suspension and delisting will
not be implemented, and the transfer secretaries will return the shareholders
documents of title to shareholders.
5. In either of the events contemplated in paragraphs 3 or 4 a further
announcement will be made to shareholders.
6. Share certificates may not be dematerialised or rematerialised between
Monday, 7 July 2003 and Friday, 11 July 2003, both days inclusive.
26 June 2003
Durban
SPONSOR
Nedbank Corporate
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