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Appointment of Finance Director

17 Apr 2013 07:00

RNS Number : 5125C
Coal of Africa Limited
17 April 2013
 



ANNOUNCEMENT 17 April 2013

 

Finance Director Appointed

 

Coal of Africa Limited (the "Company" or "CoAL") is pleased to advise that Michael Meeser has been appointed as Chief Financial Officer and Executive Director with effect from 1 June 2013.

 

Michael George Meeser (48) is a qualified Chartered Accountant and has over 20 years' extensive local and international experience in project finance. Michael spent 6 years in London working for Edison Mission Energy Limited, a company that developed, owned and operated independent power projects world-wide and with interests in more than 50 power projects and assets of more than $4 billion. In 1998, Michael joined Investec Bank's Project and Infrastructure Finance business within their Capital Markets' division. He is currently Head of the Project & Infrastructure and Commodity & Resource Finance businesses for Africa and is a member of the divisions' executive committee.

 

Commenting today David Brown said: "I would like to welcome Michael on board during a challenging and yet exciting period of the Company's development. Michael brings a suite of unique skills that will enable the management to further strengthen the Company's balance sheet as we bring our coking and thermal coal projects to account. As a Board we are keen to ensure that we execute on the key milestones necessary for shareholder value growth."

 

Save as set out below there is no further information required to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules:

 

Current Directorships:

Directorships in past 5 years

Lezmin 2026 CC

Micawber 264 (Pty) Limited

Moyeng Energy (Pty) Limited

Nervada Trading 2 (Pty) Limited

Rheboksfontein Wind Power (RF) (Pty) Limited

Stand 82 Kyalami Estates CC

Kyalami Estate Homeowners Association (Pty) Limited

 

AUTHORISED BY:

David Brown

Chairman

 

 

 

For more information contact:

David Brown

Chairman

Coal of Africa

+27 11 575 4363

John Wallington

Chief Executive Officer

Coal of Africa

+27 11 575 4363

Sakhile Ndlovu

Investor Relations

Coal of Africa

+27 11 575 6858

Tony Bevan

Company Secretary

Endeavour Corporate Services

+61 08 9316 9100

 

 

Company advisors:

Jos Simson/Emily Fenton

Financial PR (United Kingdom)

Tavistock

+44 20 7920 3150

Chris Sim/Neil Elliot

Nominated Adviser

Investec Bank plc

+44 20 7597 5970

Charmane Russell/James Duncan

Financial PR (South Africa)

Russell & Associates

+27 11 880 3924 or

+27 82 372 5816

Investec Bank Limited is the nominated JSE Sponsor

 

About CoAL:

CoAL is an AIM/ASX/JSE listed coal exploration, development and mining company operating in South Africa. CoAL's key projects include the Vele Colliery (coking and thermal coal), the Greater Soutpansberg Project, including CoAL's Makhado Project (coking coal) and the Mooiplaats and Woestalleen Collieries (both thermal coal).

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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27th Jul 20224:41 pmRNSSecond Price Monitoring Extn
27th Jul 20224:35 pmRNSPrice Monitoring Extension
15th Jul 202212:15 pmRNSResult of Extraordinary General Meeting
15th Jun 20224:25 pmRNSDespatch of Notice of General Meeting
6th Jun 202212:52 pmRNSStandby Loan Facility
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29th Apr 20228:01 amRNSAppendix 5B
29th Apr 20228:00 amRNSActivities Report for the Quarter Ended 31 Mar 22
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14th Apr 20222:00 pmRNSPrice Monitoring Extension
14th Apr 202211:00 amRNSPrice Monitoring Extension
13th Apr 20224:40 pmRNSSecond Price Monitoring Extn
13th Apr 20224:35 pmRNSPrice Monitoring Extension
13th Apr 202212:54 pmRNSMakhado Bankable Feasibility Study Completed
11th Apr 20226:22 pmRNSREPLACEMENT:Results of EGM & Election of Directors
11th Apr 20224:57 pmRNSResults of EGM & Election of Directors
8th Apr 20222:30 pmRNSResignation of Executive Director
6th Apr 20224:18 pmRNSIssue of First Tranche Shares and TVR
17th Mar 20224:41 pmRNSSecond Price Monitoring Extn
17th Mar 20224:36 pmRNSPrice Monitoring Extension
14th Mar 20227:00 amRNSInterim Financial Report
14th Mar 20227:00 amRNSHalf-year Results
11th Mar 20227:00 amRNSResignation of Non-Executive Chairman
8th Mar 20222:23 pmRNSHolding(s) in Company
4th Mar 20229:59 amRNSDespatch Notice of Extraordinary General Meeting
1st Mar 20229:10 amRNSCompany Update
22nd Feb 20223:57 pmRNSHolding(s) in Company
14th Feb 20227:00 amRNSNotice Received Under Section 249D
1st Feb 20227:00 amRNSCapital Raising US$5.6 million
31st Jan 20227:24 amRNSActivities Report for the Quarter Ended 31 Dec 21
31st Jan 20227:23 amRNSAppendix 5B
28th Jan 20224:08 pmRNSIDC Loan Update
17th Jan 20223:43 pmRNSGrant of Performance Rights to Directors
11th Jan 20227:00 amRNSMakhado Project Update
14th Dec 20212:38 pmRNSBoard Changes
14th Dec 20212:35 pmRNSResult of Annual General Meeting
16th Nov 20217:00 amRNSDespatch of Notice of AGM
29th Oct 20212:45 pmRNSDespatch of Annual Report

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