NCCL.L Regulatory News (NCCL)

News Release 

Correction

11 April 2019: The following amendment has been made to the 'Shareholder Loan Conversion' announcement released at 3:30pm on 10 April 2019 under RNS No 8089V.

Admission of the 1,049,643 new ordinary shares of no par value is now expected to take place at 8.00am on 16 April 2019 rather than 8.00am on 15th April 2019.

Enquiries

For further information please visit www.ncondezienergy.com or contact:

Note:

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain. If you have any queries on this, then please contact Hanno Pengilly, Chief Development Officer of the Company (responsible for arranging release of this announcement) on +27 (0) 71 362 3566.

Ncondezi owns 100% of the Ncondezi Project which is strategically located in the power generating hub of the country, the Tete Province in northern Mozambique. The Company is developing an integrated thermal coal mine and power plant in phases of 300MW up to 1,800MW. The first 300MW phase is targeting domestic consumption in Mozambique using reinforced existing transmission capacity to meet current demand.