Coal of Africa Limited Suspension of Coal of Africa shares on the JSE (5722X)

TIDMCZA

RNS Number : 5722X

Coal of Africa Limited

27 November 2017

ANNOUNCEMENT 27 November 2017

Suspension of Coal of Africa Limited shares on the JSE Limited

Coal of Africa Limited's shareholders ("CoAL" or the "Company") are advised that the shares on the JSE Limited ("JSE") have been suspended with immediate effect due to the divergent treatment of changes to CoAL's International Securities Identification Number ("ISIN") arising from the share consolidation and name change resolutions approved by shareholders at the Company's Annual General Meeting held on Friday 24 November 2017. Shares on the South African register will be suspended until Tuesday, 28 November 2017. CoAL and its advisors have worked closely with the Australian Stock Exchange, AIM Market of the London Stock Exchange and JSE listing authorities to avoid any suspensions, however due to ISIN administrative challenges a temporary suspension is unavoidable.

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 
 Stephen Rowse     Business Executive    Coal of Africa          8000 
                                         Endeavour Corporate    [phone] 
 Tony Bevan        Company Secretary      Services               9100 
 

Qinisele Resources (Proprietary) Limited (Corporate Adviser to CoAL)

Robert Philpot and Dennis Tucker (Telephone: [phone])

Company advisors:

 
                           Nominated Adviser    Peel Hunt          +44 20 
 Ross Allister              and Broker           LLP                7418 8900 
 Jos Simson/Emily 
  Fenton/ Barney           Financial PR                            +44 20 
  Hayward                   (United Kingdom)    Tavistock           7920 3150 
 
 Charmane Russell/Olwen    Financial PR         R&A Strategic      +27 11 
  Auret                     (South Africa)       Communications     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 Uitkomst Colliery, Makhado Project (coking and thermal coal), Vele Colliery (coking and thermal coal) and the Greater Soutpansberg Project (MbeuYashu).

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

Forward-Looking Statements

This Announcement, including information included or incorporated by reference in this Announcement, may contain "forward-looking statements" concerning CoAL and/or MCH that are subject to risks and uncertainties. Generally, the words "will", "may", "should", "continue", "believes", "expects", "intends", "anticipates" or similar expressions identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond CoAL's ability to control or estimate precisely, such as future market conditions, changes in regulatory environment and the behaviour of other market participants. CoAL cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward looking statements. CoAL and MCH assume no obligation and do not undertake any obligation to update or revise publicly any of the forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except to the extent legally required.

Statements of intention

Statements of intention are statements of current intentions only, which may change as new information becomes available or circumstances change.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 27, 2017 03:20 ET (08:20 GMT)