Johannesburg - South Africa's Hoskens Consolidated Investments (HCI) said on Tuesday it agreed to buy back 300 000 of its shares for R39 each from the Bevin Trust in a deal worth R11.7m.
The company said pro forma financial effects of the repurchase do not have a significant effect on the latest published consolidated unaudited results of HCI for the 6 months ended September 30 2005.