Coal of Africa Limited Notice of Waiving of Defeating Condition (6766D)

TIDMCZA

RNS Number : 6766D

Coal of Africa Limited

08 July 2016

ANNOUNCEMENT 8 July 2016

Notice freeing offer from Subscription Agreements defeating condition

Coal of Africa Limited (ABN 98 008 905 388) (ASX, AIM and JSE: CZA) (CoAL) refers to its offer for the entire issued and to be issued share capital of Universal Coal Plc (Universal) (the Offer) as contained in CoAL's offer document dated 21 December 2015 as supplemented (Offer Document).

Unless otherwise defined in this announcement, capitalised terms used in this announcement have the meaning given to them in the Offer Document.

For the purposes of section 1019HF of the Corporations Act 2001 (Cth) (as notionally inserted by the ASIC Relief Instrument [15-1129]), CoAL gives notice that it hereby waives the condition set out in paragraph 1(e) (the Subscription Agreements having become unconditional) of Part A of Appendix VI of the Offer Document, and accordingly the Offer is now free from that Condition.

The Offer remains subject to a number of conditions set out in Section 1 of Part A of Appendix VI of the Offer Document, as fully detailed in the Notice of Status of Defeating Conditions which is released at the same time as this Notice.

Coal's voting power (as defined by ASIC Relief Instrument [15-1129]) in Universal at the time of giving this notice is 94.79%.

David Brown

Chief Executive Officer /

Executive Director

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For more information contact:

 
                    Chief Executive                             +27 10 003 
 David Brown         Officer             Coal of Africa          8000 
                    Chief Financial                             +27 10 003 
 De Wet Schutte      Officer             Coal of Africa          8000 
                    Investor                                    +27 10 003 
 Celeste Riekert     Relations           Coal of Africa          8000 
                                         Endeavour Corporate    +61 08 9316 
 Tony Bevan         Company Secretary     Services               9100

Company advisors:

 
 Matthew Armitt/Ross       Nominated 
  Allister/ Richard         Adviser and    Peel Hunt             +44 20 
  Crichton                  Broker          LLP                   7418 8900 
 Robert Philpot/Dennis     Corporate                             +27 11 
  Tucker                    Advisor        Qinisele Resources     883 6358 
                           Financial 
 Jos Simson/Emily           PR (United                           +44 20 
  Fenton                    Kingdom)       Tavistock              7920 3150 
 Charmane Russell/Olwen    Financial       Russell &             +27 11 
  Auret                     PR (South       Associates            880 3924 
                            Africa)                               or 
                                                                  +27 82 
                                                                  372 5816

Investec Bank Limited is the nominated JSE Sponsor

About CoAL:

CoAL is an AIM/ASX/JSE listed coal exploration, development and mining company operating in South Africa. CoAL's key projects include the Vele Colliery (coking and thermal coal), the Greater Soutpansberg Project /MbeuYashu, including CoAL's Makhado Project (coking and thermal coal).

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 08, 2016 05:42 ET (09:42 GMT)

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