Conversion of options and secondary trading notice
October 01 2009 - 8:41AM
UK Regulatory
TIDMCZA
RNS Number : 0710A
Coal of Africa Limited
01 October 2009
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ANNOUNCEMENT1 OCTOBER 2009
CONVERSION OF OPTIONS AND SECONDARY TRADING NOTICE
Coal of Africa Limited ('CoAL' or the 'Company') confirms it has today converted
465,239 Class E Options, exercisable at GBP0.65 each on or before 30 November
2009, into ordinary shares pursuant to receipt of a valid conversion notice.
Application will be made for 465,239 shares ("Shares") to be admitted to trading
on the London Stock Exchange's AIM market for listed securities ("Admission").
Admission is expected to become effective on 6 October 2009. The Shares will
rank pari passu with the Company's existing Ordinary Shares.
Following the admission of the Shares, the number of Ordinary Shares on issue
will be 412,384,875, all of which have voting rights.
An Appendix 3B will be lodged following this announcement.
Secondary Trading Notice Pursuant to Paragraph 708A(5)(e) of the Corporations
Act 2001 ("Act")
The Act restricts the on-sale of securities issued without disclosure, unless
the sale is exempt under section 708 or 708A of the Act. By giving this notice,
a sale of the Shares noted above will fall within the exemption in section
708A(5) of the Act.
The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:
(a) the Company issued the Shares without disclosure to investors under Part
6D.2 of the Act;
(b) as at 1 October 2009, the Company has complied with the provisions of
Chapter 2M of the Act (other
than section 319 in relation to a
financial year ended in the calendar year 2004) as they apply to the
Company, and section 674 of the Act; and
(c) as at 1 October 2009 there is no information:
a. that has been excluded from a continuous
disclosure notice in accordance with
the
ASX Listing Rules; and
b. that investors and their professional advisers
would reasonably require for the purpose of
making an informed assessment of:
* the assets and liabilities, financial position and performance, profits and
losses and prospects of the Company; or
* the rights and liabilities attaching to the relevant Shares.
AUTHORISED BY:
Shannon Coates
Company Secretary
For more information contact:
Simon Farrell, Managing Director
CZA +61 417 985 383 or +61 8 9322 6776
Peter Bacchus/ Alastair Cochran
Morgan Stanley +44(0) 20 7425 8000
Simon Edwards/ Chris Sim
Evolution Securities +44(0) 20 7071 4300
Jos Simson/ Leesa Peters Conduit PR +44(0) 20 7429 6603
Melanie de Nysschen
Macquarie First South Advisers +27(11) 583 2000
About CoAL:
Coal of Africa Limited ("CoAL") is an AIM/ASX/JSE listed coal mining and
development company operating in South Africa. CoAL has three key projects
including the 113 million tonne ('mt') Mooiplaats thermal coal mine, the 656 mt
Vele coking coal project and the 1 bn tonne Makhado coking coal project.
The Mooiplaats coal mine commenced production in 2008 and is currently ramping
up to produce 2 mtpa. CoAL's Vele and Makhado coking coal projects are expected
to start production in H1 2010 and Q4 2011 respectively producing an initial 2
mtpa rising to a combined annual output of 10 mtpa of coking coal.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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