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17 Dec 2015 07:00
ANNOUNCEMENT 17 December 2015
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COMPETITION COMMISSION APPROVES MERGER WITH UNIVERSAL COAL
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Coal of Africa Limited ("CoAL" or the "Company") confirms that the South African Competition Commission has unconditionally approved CoAL's acquisition of Universal Coal plc ("Universal") pursuant to its intended offer for the entire issued and to be issued share capital of Universal (the "Offer") announced by CoAL on 26 November 2015..
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David Brown, Chief Executive Officer of CoAL, commented: "The approval is a positive step towards successfully concluding the merger between CoAL and Universal."
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AUTHORISED BY:
David Brown
Chief Executive Officer
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For more information contact:
David Brown | Chief Executive Officer | Coal of Africa | +27 10 003 8000 |
De Wet Schutte | Chief Financial Officer | Coal of Africa | +27 10 003 8000 |
Celeste Riekert | Investor Relations | Coal of Africa | +27 10 003 8000 |
Tony Bevan | Company Secretary | Endeavour Corporate Services | +61 08 9316 9100 |
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Company advisors:
Jos Simson/Emily Fenton | Financial PR (United Kingdom) | Tavistock | +44 20 7920 3150 |
Matthew Armitt/Ross Allister | Nominated Adviser and Broker | Peel Hunt LLP
| +44 20 7418 8900 |
Charmane Russell/Olwen Auret | Financial PR (South Africa) | Russell & Associates | +27 11 880 3924 or +27 82 372 5816 |
Investec Bank Limited is the nominated JSE Sponsor
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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 /MbeuYashu, including CoAL's Makhado Project (coking and thermal coal).
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