Coal of Africa Limited UPDATE: RECOMMENDED OFFER FOR UNIVERSAL COAL PLC (3529A)
June 07 2016 - 2:00AM
UK Regulatory
TIDMCZA
RNS Number : 3529A
Coal of Africa Limited
07 June 2016
UPDATE: RECOMMENDED OFFER FOR UNIVERSAL COAL PLC
07 June 2016
Extension of Cooperation 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 13 May 2016 that CoAL had extended the Offer
Period of the Offer, such that the Closing Date is 24 June 2016. On
24 May 2016 the parties announced that the Cooperation Agreement
has been extended to 3 June 2016 to enable the parties to continue
to make further progress in the satisfaction of the conditions
precedent to the Offer.
The parties are therefore pleased to announce that 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 24 June 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
Universal Telephone: +27 12
460 0805
Tony Weber and Daryl Edwards
Arlington Group Asset Management Telephone: +44 (0)
Limited 207 389 5016
(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
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