Coal of Africa Limited UPDATE: RECOMMENDED OFFER FOR UNIVERSAL COAL PLC (9451W)

TIDMCZA

RNS Number : 9451W

Coal of Africa Limited

03 May 2016

UPDATE: RECOMMENDED OFFER FOR UNIVERSAL COAL PLC

3 May 2016

Extension of Co-Operation Agreement

Coal of Africa Limited (ASX, AIM and JSE: CZA) ("CoAL") provides the following update on CoAL's recommended offer for the entire issued and to be issued share capital of Universal Coal Plc (ASX: UNV) (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 22 April 2016 that CoAL had extended the Offer Period of the Offer, such that the Closing Date is 20 May 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 the date by which the Effective Date must have occurred be extended until 20 May 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 and Ross Allister 
 Investec Bank Limited (JSE Sponsor   Telephone: +27 (0)11 
  for CoAL)                            286 7000 
 Robert Smith and Tanya Cesare 
 Tavistock (United Kingdom PR         Telephone: +44 20 
  Adviser to CoAL)                     7920 3150 
 Jos Simson and Emily Fenton

This information is provided by RNS

The company news service from the London Stock Exchange

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May 03, 2016 02:01 ET (06:01 GMT)

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