Coal of Africa Limited Holding(s) in Company (9097X)

TIDMCZA

RNS Number : 9097X

Coal of Africa Limited

27 February 2017

ANNOUNCEMENT 27 February 2017

Holdings in Company

Coal of Africa Limited (the "Company") was notified on 24 February 2017 by Yishun Brightrise Investment Pte Limited ("YBI") that, as at 21 February 2017, YBI held 423,273,864 ordinary shares of nil par value each in the Company, representing 19.1 per cent of the Company's issued share capital at that date. The above shareholding increased by 9.6 per cent following the recent placement by the Company to YBI of 240,042,603 shares.

The Company was also notified on 24 February 2017 by Haohua Energy International (Hong Kong) Resource Co Ltd ("HEI") that, as at 21 February 2017, HEI held 462,417,579 ordinary shares of nil par value each in the Company, representing 20.87 per cent of the Company's issued share capital at that date. The above shareholding decreased by 3.13 per cent following the above-noted placement by the Company to YBI.

Further details on the holdings are available on the Company's website: http://www.coalofafrica.com/

AUTHORISED BY:

Tony Bevan

Company Secretary

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 
                                                                 +27 10 003 
 Celeste Riekert    Investor Relations    Coal of Africa          8000 
                                          Endeavour Corporate    [phone] 
 Tony Bevan         Company Secretary      Services               9100 
 

Company advisors:

 
 Jos Simson/Emily          Financial PR                        +44 20 
  Fenton                    (United Kingdom)    Tavistock       7920 3150 
 Matthew Armitt/Ross       Nominated Adviser    Peel Hunt      +44 20 
  Allister                  and Broker           LLP            7418 8900 
 Charmane Russell/Olwen    Financial PR         Russell &      +27 11 
  Auret                     (South Africa)       Associates     880 3924 
                                                                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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February 27, 2017 04:30 ET (09:30 GMT)