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HCI MAKES OFFER FOR REMAINDER OF KWV

22 Dec KWV Holdings

Johannesburg, Dec 21 (I-Net Bridge) – HCI-KWV Holdings Proprietary Limited, a subsidiary of Hosken Consolidated Investments (JSE:HCI) (HCI), has made a mandatory offer to acquire all of the ordinary shares in KWV that it does not already own.

HCI recently increased its indirect shareholding in KWV to 35.01% (net of treasury shares) subsequent to the acquisition of 688 KWV shares at a price of 850 cents per share.

HCI obtained Competition Commission approval for the acquisition of control of KWV during April 2011 so the offer is not subject to any conditions precedent, other than the receipt of the required approval of the Takeover Regulations Panel (TRP).

Source: Moneyweb – I-net Bridge