8 Jul 2016 10:42
ANNOUNCEMENT 8 July 2016
Notice freeing offer from Subscription Agreements defeating condition
Coal of Africa Limited (ABN 98 008 905 388) (ASX, AIM and JSE: CZA) (CoAL) refers to its offer for the entire issued and to be issued share capital of Universal Coal Plc (Universal) (the Offer) as contained in CoAL's offer document dated 21 December 2015 as supplemented (Offer Document).
Unless otherwise defined in this announcement, capitalised terms used in this announcement have the meaning given to them in the Offer Document.
For the purposes of section 1019HF of the Corporations Act 2001 (Cth) (as notionally inserted by the ASIC Relief Instrument [15-1129]), CoAL gives notice that it hereby waives the condition set out in paragraph 1(e) (the Subscription Agreements having become unconditional) of Part A of Appendix VI of the Offer Document, and accordingly the Offer is now free from that Condition.
The Offer remains subject to a number of conditions set out in Section 1 of Part A of Appendix VI of the Offer Document, as fully detailed in the Notice of Status of Defeating Conditions which is released at the same time as this Notice.
Coal's voting power (as defined by ASIC Relief Instrument [15-1129]) in Universal at the time of giving this notice is 94.79%.
David Brown
Chief Executive Officer /
Executive Director
This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
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 |
Company advisors:
Matthew Armitt/Ross Allister/ Richard Crichton | Nominated Adviser and Broker | Peel Hunt LLP
| +44 20 7418 8900 |
Robert Philpot/Dennis Tucker | Corporate Advisor | Qinisele Resources | +27 11 883 6358 |
Jos Simson/Emily Fenton | Financial PR (United Kingdom) | Tavistock | +44 20 7920 3150 |
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
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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