7 May 2014 07:00
ANNOUNCEMENT 7 May 2014
Director Share Purchases
Coal of Africa Limited (the "Company") advises that it was informed on 6 May 2014 that on the same day, Michael Meeser, Executive Director of the Company, purchased 300,000 ordinary shares of no par value in the Company at an average price of R0.8087c (4.53 pence). Following this acquisition Mr Meeser is now the beneficial owner of 600,000 shares, representing 0.6% of the Company's issued share capital.
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 8038 |
Tony Bevan | Company Secretary | Endeavour Corporate Services | +61 8 9316 9100 |
Company advisors:
Jos Simson/Emily Fenton | Financial PR (United Kingdom) | Tavistock | +44 20 7920 3150 |
Chris Sim/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).
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