Last checked at 6 Mar 2015 09:30
ANNOUNCEMENT 6 March 2015
ISSUE OF SHARES AND SECONDARY TRADING NOTICE
Coal of Africa Limited ("CoAL" or the "Company") confirms it has issued a total of 200,000 ordinary shares ("Shares") to three long term employees of the Company, in accordance with an award by the Remuneration Committee in 2011.
Application has been made for the Shares to be admitted to trading on the AIM market of the London Stock Exchange ("AIM"). Admission to trading on AIM is expected to become effective on or around 10 March 2015. The Shares will rank pari passu with the Company's existing ordinary shares of nil par value. Application for quotation of the Shares will also be made to the Australian Securities Exchange ("ASX") and the Main Board of the JSE Limited.
Following Admission there will be 1,599,568,613 shares on issue.
Secondary Trading Notice Pursuant to Section 708A(5)(e) of the Corporations Act 2001 ("Act")
In accordance with the requirements of section 708A(6) of the Corporations Act 2001 (Cth) ("Corporations Act"), CoAL notifies ASX that:
a) the Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;
b) this notice is being given under section 708A(5)(e) of the Corporations Act;
c) as at the date of this notice, CoAL has complied with:
i. the provisions of Chapter 2M of the Corporations Act (other than section 319 in relation to a financial year ended in the calendar year 2004) as they apply to CoAL; andii. section 674 of the Corporations Act; andd) as at the date of this notice, there is no information that is "excluded information" required to be set out in this notice by virtue of sections 708A(7) and 708A(8) of the Corporations Act.
AUTHORISED BY:
Tony Bevan
Company Secretary
For more information contact:
David Brown | Chief Executive Officer | Coal of Africa | +27 10 003 8000 |
Michael Meeser | Chief Financial Officer | Coal of Africa | +27 10 003 8000 |
Celeste Harris | Investor Relations | Coal of Africa | +27 10 003 8000 |
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/George Price/Jeremy Ellis | Nominated Adviser | Investec Bank plc | +44 20 7597 5970 |
Charmane Russell/Jane Kamau | 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 /MbeuYashu, including CoAL's Makhado Project (coking and thermal coal).