Coal of Africa Limited UPDATE: RECOMMENDED OFFER FOR UNIVERSAL COAL PLC (3529A)

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

END

MSCBUGDLDSGBGLL

(END) Dow Jones Newswires

June 07, 2016 02:00 ET (06:00 GMT)

Coal of Africa (LSE:CZA)
Historical Stock Chart
From Jun 2024 to Jul 2024