HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Grant and acceptance of options to directors and officers

Grant and acceptance of options  to directors and officers

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

GRANT AND ACCEPTANCE OF OPTIONS TO DIRECTORS AND OFFICERS

In compliance with Rules 3.63 - 3.74 of the JSE Limited Listing Requirements
the following information regarding the granting and acceptance of options in
terms of the HCI Employee Share Scheme is disclosed:




Director                            :    Mr J A Copelyn
Designation                         :    Chief Executive Officer
Nature of transaction               :    Grant and acceptance of option, Off
market
Nature of Interest                  :    Direct, Beneficial
Class of Shares                     :    Ordinary shares
Date of grant of option             :    29 August 2019
Date of acceptance                   :    25 September 2019
Number of options                   :    190 451
Option strike price                 :    R87.71 (10% discount to the 20 day
VWAP)
Value of transaction                :    R 16 704 457.21
Vesting date of options             :    29 August 2022
Expiry date of options              :    28 February 2023


Director                            :    Mr J R Nicolella
Designation                         :    Financial Director
Nature of transaction               :    Grant and acceptance of option, Off
market
Nature of Interest                  :    Direct, Beneficial
Class of Shares                     :    Ordinary shares
Date of grant of option             :    29 August 2019
Date of acceptance                   :    25 September 2019
Number of options                   :    116 459
Option strike price                 :    R87.71 (10% discount to the 20 day
VWAP)
Value of transaction                :    R 10 214 618.89
Vesting date of options             :    29 August 2022
Expiry date of options              :    28 February 2023


Director                            :    Mr T G Govender
Designation                         :    Executive Director
Nature of transaction               :    Grant and acceptance of option, Off
market
Nature of Interest                  :    Direct, Beneficial
Class of Shares                     :    Ordinary shares
Date of grant of option             :    29 August 2019
Date of acceptance                   :    25 September 2019
Number of options                   :    115 866
Option strike price                 :    R87.71 (10% discount to the 20 day
VWAP)
Value of transaction               :    R 10 162 606.86
Vesting date of options            :    29 August 2022
Expiry date of options             :    28 February 2023



Director                           :    Mr Y Shaik
Designation                        :    Executive Director
Nature of transaction              :    Grant and acceptance of option, Off
market
Nature of Interest                 :    Direct, Beneficial
Class of Shares                    :    Ordinary shares
Date of grant of option            :    29 August 2019
Date of acceptance                  :    25 September 2019
Number of options                  :    78 536
Option strike price                :    R87.71 (10% discount to the 20 day
VWAP)
Value of transaction               :     R 6 888 392.56
Vesting date of options            :     29 August 2022
Expiry date of options             :     28 February 2023


Clearance                           :    Clearance in terms of par. 3.66 of
the JSE Listings Requirements was obtained.


Cape Town
25 September 2019
Sponsor: Investec Bank Limited

Date: 25/09/2019 05:00:00
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