RESULTS OF ANNUAL GENERAL MEETING

HOSKEN CONSOLIDATED INVESTMENTS LIMITED                                        

(Incorporated in the Republic of South Africa)                                 

(Registration number 1973/007111/06)                                           

(Share code: HCI & ISIN: ZAE000003257)

(“HCI” )                                         

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are hereby advised that at the HCI annual general meeting held in the main boardroom of Suite 801, 76 Regent Road, Sea Point, Cape Town 8005 at 12:00 on Friday 1 September 2023 (“AGM”), all of the resolutions that were proposed at the AGM were passed by the requisite majorities of HCI shareholders.

The total number of HCI shares represented at the AGM, including abstentions, was 74 669 040, representing 92.33% of the total issued share capital of HCI as at Friday, 18 August 2023, being the record date for a HCI shareholder to be recorded in the Register in order to be eligible to attend, participate and vote at the AGM (“Voting Record Date”).

Total number of shares in issue as at the date of the AGM is 85 620 648; total number of shares that can be exercised at the meeting is 80 870 140.

The results of the voting at the AGM were as follows:

Resolutions proposed at the AGM

Votes for resolution as a percentage of total number of shares voted at AGM

Votes against resolution as a percentage of total number of shares voted at AGM

Number of shares voted at AGM

Number of shares voted at AGM as a percentage of shares in issue

Number of shares abstained as a percentage of shares in issue

Ordinary resolution:   Re-election of director:

1.Mr FM Magugu

88.95%

11.05%

74 579 563

87.10%

0.02%

2: Ms LM McDonald

94.40%

5.60%

74 579 563

87.10%

0.02%

3.Mr VE Mphande

88.95%

11.05%

74 579 563

87.10%

0.02%

4. Mr JR Nicolella

97.36%

2.64%

74 579 563

87.10%

0.02%

Ordinary resolution number 5:

Appointment of auditor: Mazar

100.0%

0.00%

74 576 559

87.10%

0.03%

Ordinary resolution:  Re-appointment of audit committee members

6.Mr MH Ahmed

99.22%

0.78%

74 576 559

87.10%

0.03%

7.Mr JG Ngcobo

93.84%

6.16%

74 576 559

87.10%

0.03%

8. Ms RD Watson

98.28%

1.72%

74 576 559

87.10%

0.03%

Ordinary resolution number 9:

General authority over authorised but unissued shares

74.17%

25.83%

74 576 559

87.10%

0.03%

Ordinary resolution number 10:

Directors’ authority to implement company resolutions

100.0%

0.00%

74 576 559

87.10%

0.03%

Non-binding advisory vote number 1: Non-binding advisory endorsement of long-term remuneration policy

86.38%

13.62%

74 576 559

87.10%

0.03%

Non-binding advisory vote number 2: Non-binding advisory endorsement of short-term remuneration policy

93.96%

6.04%

74 576 559

87.10%

0.03%

Non-binding advisory vote number 3: Non-binding advisory endorsement of guaranteed payment remuneration policy

98.97%

1.03%

74 576 559

87.10%

0.03%

Non-binding advisory vote number 4: Non-binding advisory endorsement of remuneration implementation report

95.66%

4.34%

74 576 559

87.10%

0.03%

Special resolution number 1:

General authority to issue shares, options and convertible securities for cash

81.00%

19.00%

74 576 559

87.10%

0.03%

Special resolution number 2:

Approval of annual fees to be paid to non-executive directors

99.98%

0.02%

74 576 559

87.10%

0.03%

Special resolution number 3:

General authority to repurchase company shares

98.51%

1.49%

74 576 559

87.10%

0.03%

             

 

 

HCI wishes to thank shareholders for their participation in the AGM and for their support of all the resolutions that were proposed.

Cape Town

1 September 2023

 

Sponsor: Investec Bank Limited