Coal of Africa Limited UPDATE: RECOMMENDED OFFER FOR UNIVERSAL COAL PLC (4822V)

TIDMCZA

RNS Number : 4822V

Coal of Africa Limited

18 April 2016

UPDATE: RECOMMENDED OFFER FOR UNIVERSAL COAL PLC

Extension of Co-Operation Agreement

Coal of Africa Limited (ASX, AIM and JSE: CZA) ("CoAL") and Universal Coal Plc (ASX: UNV) ("Universal") provide the following update on CoAL's recommended offer for the entire issued and to be issued share capital of Universal (the "Offer").

Unless otherwise defined in this announcement, capitalised terms used in this announcement have the meaning given to them in the offer document published by CoAL on 21 December 2015 (the "Offer Document").

It was announced on 8 April 2016 that CoAL had extended the Offer Period of the Offer, such that the Closing Date is 29 April 2016.

Pursuant to a Deed of Variation, CoAL and Universal have agreed to amend the terms of the Cooperation Agreement entered into between the parties in connection with the Offer such that date by which the Effective Date must have occurred be extended until 29 April 2016 in accordance with the revised Closing Date, or such other date as the parties may agree.

Enquiries

 
 CoAL                                 Telephone: +27 (0)10 
                                       003 8000 
 David Brown, De Wet Schutte 
  and Celeste Riekert 
 Qinisele Resources (Proprietary)     Telephone: +27 (0)11 
  Limited (Financial Adviser to        883 6358 
  CoAL) 
 Robert Philpot and Dennis Tucker 
 Peel Hunt LLP (Nominated Adviser     Telephone: + 44 (0)20 
  and Broker to CoAL)                  7418 8900 
 Matthew Armitt, Richard Crichton 
  and Ross Allister 
 Investec Bank Limited (JSE Sponsor   Telephone: +27 (0)11 
  for CoAL)                            286 7000 
 Robert Smit and Tanya Cesare 
 Tavistock (United Kingdom PR         Telephone: +44 20 
  Adviser to CoAL)                     7920 3150 
 Jos Simson and Emily Fenton 
 Universal                            Telephone: +27 12 
                                       460 0805 
 Tony Weber and Daryl Edwards 
 
 
 Arlington Group Asset Management        Telephone: +44 (0) 
  Limited                                 207 5010 389 
  (Financial Adviser to Universal) 
 Richard Greenfield 
 APP Securities Pty Limited (Financial   Telephone: +61 2 
  Adviser to Universal)                   9226 0036 
  Nick Dacres-Mannings 
 FCR (PR Adviser to Universal)           Telephone: +61 2 
                                          8264 1003 
 Robert Williams

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 18, 2016 04:30 ET (08:30 GMT)

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