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HOSKEN CONSOLIDATED INVESTMENTS LIMITED - OUTCOME OF ARBITRATION PROCESS REGARDING THE DISPUTE WITH ITHUBA AND ZAMANI

Release Date: 07/08/2019 15:55
Code(s): HCI     PDF:  
 
Wrap Text
OUTCOME OF ARBITRATION PROCESS REGARDING THE DISPUTE WITH ITHUBA AND ZAMANI

HOSKEN CONSOLIDATED INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1973/007111/06)
(Share code: HCI & ISIN: ZAE000003257)

OUTCOME OF ARBITRATION PROCESS REGARDING THE DISPUTE WITH ITHUBA AND ZAMANI

Shareholders are advised the arbitration with Zamani Marketing and Management
Consultants Proprietary Limited and Ithuba Holdings Proprietary Limited; the trustees of the
Charmaine Mabuza Trust, the trustees of the Erik Mabuza Trust, Zamani Gaming Proprietary
Limited and Zamani Treasury Proprietary Limited, (together referred to as “the parties”)
refered to in previous SENS announcements has finally been determined by an arbitration
award in favour of the company.

The terms of the award are available on the company website at https://www.hci.co.za/legal-
judgements/


The company has today applied for the award to be made an order of court.


Cape Town
7 August 2019

Sponsor: Investec Bank Limited

Date: 07/08/2019 03:55:00
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