HCI
Hosken Consolidated Investments Limited - Results of the Offer to HCI Minority
Shareholders
HOSKEN CONSOLIDATED INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1973/07111/06)
(ISIN ZAE000003257) (Share code HCI)
("HCI")
Results of the Offer to HCI Minority Shareholders
Further to the announcement dated 14 July 2003 regarding the offer to HCI
minority shareholders of R3,50 per HCI share, shareholders are advised that
minority shareholders have accepted:
- the cash alternative in respective of 3 580 494 shares which shares have been
sold and will be delivered in due course to Circumference Investments (Pty) Ltd.
("Circumference");
- the offer in respect of 21 656 924 shares, dependant on the outcome of the
court proceedings previously referred to. If the outcome of the court
proceedings in such that the resolutions that were previously passed at the
delisting meeting may be implemented then these shareholders will have sold and
delivered their shares and will receive payment of R3.50 per HCI share. If the
outcome is such that the resolutions may not be implemented then the
shareholders will not sell their shares and will retain them.
8 August 2003
Durban
Sponsor
Nedbank Corporate
Date: 08/08/2003 05:10:45 PM Produced by the JSE SENS Department
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