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Results of the 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" or "the Company")
RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders are hereby advised that at the annual general meeting of the Company held at the
offices of the Company, Hosken Consolidated Investments Limited, Suite 801, 76 Regent Road,
Sea Point, Cape Town, 8005, at 12:00 yesterday, Thursday 28 August 2025 ("AGM"), all of the
ordinary resolutions and special resolutions were passed by the requisite majorities of the
Company's shareholders. Non-binding advisory resolutions numbers 1 and 4 did not pass with
the requisite majorities.
Details of the results of the voting at the AGM are as follows:
Votes
Votes for against
resolution resolution
as a as a Number of Number of
percentage percentage shares shares
of total of total voted at abstained
number of number of Number of AGM as a as a
shares shares shares percentage percentage
Resolutions voted at voted at voted at of shares in of shares in
proposed at the AGM AGM AGM AGM issue* issue*
Ordinary resolutions
1. Re-election of 97.77% 2.23% 73 251 197 85.09% 0.09%
director : Mr MH
Ahmed
2. Re-election of 83.59% 16.41% 73 251 197 85.09% 0.09%
director : Mr JG
Ngcobo
3. Re-election of 94.73% 5.27% 68 266 103 79.30% 5.88%
director : Mr Y
Shaik
4. Election of 96.72% 3.28% 73 321 197 85.17% 0.01%
director: Mr AF
Pereira
5. Election of 89.43% 10.57% 73 321 197 85.17% 0.01%
director: Ms A
Singh
6. Appointment of 99.99% 0.01% 73 321 197 85.17% 0.01%
Forvis Mazars as
the auditor
7. Re-appointment of 97.54% 2.46% 73 321 197 85.17% 0.01%
audit committee
members: Mr M H
Ahmed
8. Re-appointment of 78.85% 21.15% 73 321 197 85.17% 0.01%
audit committee
members: JG
Ngcobo
9. Re-appointment of 89.48% 10.52% 73 321 197 85.17% 0.01%
audit committee
members: Ms RD
Watson
10. Re-appointment of 92.45% 7.55% 73 321 197 85.17% 0.01%
social and ethics
committee
members: Mr JA
Copelyn
11. Re-appointment of 92.32% 7.68% 73 321 197 85.17% 0.01%
social and ethics
committee
members: Mr JG
Ngcobo
12. Re-appointment of 98.56% 1.44% 73 321 197 85.17% 0.01%
social and ethics
committee
members: Ms RD
Watson
13. General authority 66.91% 33.09% 73 321 197 85.17% 0.01%
over authorised
but unissued
shares
14. Amendment to the 82.18% 17.82% 73 321 197 85.17% 0.01%
HCI employee
share option
scheme
Non-binding advisory resolutions
1. Non-binding 73.60% 26.40% 73 321 197 85.17% 0.01%
advisory resolution
on long-term
remuneration
policy
2. Non-binding 81.76% 18.24% 73 321 197 85.17% 0.01%
advisory resolution
on short-term
incentive
remuneration
policy
3. Non-binding 88.78% 11.22% 73 318 597 85.17% 0.01%
advisory resolution
on guaranteed
payment
remuneration
policy
4. Non-binding 74.67% 25.33% 73 321 197 85.17% 0.01%
advisory resolution
on remuneration
implementation
report
Special Resolutions
1. General authority 79.05% 20.95% 73 321 197 85.17% 0.01%
to issue shares,
options and
convertible
securities for cash
2. Approval of annual 98.56% 1.44% 73 321 197 85.17% 0.01%
fees to be paid to
non-executive
directors
3. General authority 92.53% 7.47% 73 324 631 85.17% 0.01%
to repurchase
company shares
4. Amendment to the 98.62% 1.38% 73 321 197 85.17% 0.01%
memorandum of
incorporation
5. Shareholders' 91.27% 8.73% 73 321 197 85.17% 0.01%
general
authorisation of
financial
assistance
* The total number of shares in issue at the AGM was 86 088 701 of which 4 892 157 were
treasury shares.
Invitation to dissenting shareholders
Due to non-binding advisory resolutions numbers 1 and 4 relating to the Company's long-term
remuneration policy and the implementation report, respectively, being voted against by more
than 25% of the voting rights exercised at the AGM, an invitation is extended to such dissenting
shareholders to engage with the Company in terms of section 3.84(j) of the JSE Listings
Requirements as follows:
1. Dissenting shareholders are invited to forward their concerns / questions on the remuneration
policy and implementation report in writing to the Company Secretary via email at cshapiro@hci.co.za
by no later than the close of business on 19 September 2025; and
2. Following the receipt of the above responses from the dissenting shareholders, appropriate
engagements will be scheduled with such shareholders at a suitable date and time.
Cape Town
29 August 2025
Sponsor: Investec Bank Limited
Date: 29-08-2025 12:12:00
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