Coal of Africa Limited Results of General Meeting (2166I)
15 June 2017 - 9:36PM
UK Regulatory
TIDMCZA
RNS Number : 2166I
Coal of Africa Limited
15 June 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR PART)
IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
ANNOUNCEMENT 15 June 2017
RESULTS OF GENERAL MEETING
The Directors of Coal of Africa Limited ("CoAL") are pleased to
announce that at the CoAL General Meeting held earlier today, all
resolutions required to implement the acquisition of 100% of the
shares in and claims against Pan African Resources Coal Holdings
Proprietary Limited ("PAR Coal") ("the Transaction") and ancillary
transactions thereto, put to the meeting were passed unanimously by
a show of hands.
In accordance with ASX Listing Rule 3.13.2 and Section 251AA(2)
of the Corporations Act 2001, the Company hereby provides the
following information on proxy votes received for each
resolution:
For Against Discretionary Abstain - Voting Exclusion Abstain
------------------------------------- -------------- -------- -------------- --------------------------- --------
Resolution 1: Approval for issue of
Shares to Pan African
Resources Plc 1,553,745,000 153,917 917,406 - 975,100
------------------------------------- -------------- -------- -------------- --------------------------- --------
Resolution 2: Approval for issue of
Shares to Summer Trees
Pte Ltd 1,553,722,335 172,842 914,406 - 981,840
------------------------------------- -------------- -------- -------------- --------------------------- --------
Resolution 3: Approval for issue of
Shares to M&G Investment
Management Limited 1,158,603,539 164,917 914,406 395,136,446 972,115
------------------------------------- -------------- -------- -------------- --------------------------- --------
Resolution 4:
Ratification of issue of Shares to
M&G
Investment Management Limited 1,158,612,457 154,917 915,488 395,136,446 972,115
------------------------------------- -------------- -------- -------------- --------------------------- --------
Resolution 5:
Ratification of issue of Shares to
Yishun
Brightrise Investment Pte Limited 1,130,475,314 151,917 917,406 423,273,864 972,922
------------------------------------- -------------- -------- -------------- --------------------------- --------
Resolution 6:
Approval for issue of Shares to
Yishun
Brightrise Investment Pte Limited 1,130,465,314 161,917 917,406 423,273,864 972,922
------------------------------------- -------------- -------- -------------- --------------------------- --------
The Transaction remains subject to the condition precedent that
Uitkomst Colliery Proprietary Limited has entered into a supply of
coal agreement on terms acceptable to CoAL. CoAL shareholders will
be notified as soon as the outstanding condition precedent to the
Transaction has been fulfilled.
Application has been made for 340 245 378 new ordinary shares to
be admitted to trading on the AIM market of the London Stock
Exchange ("AIM") in respect of the shares to be issued to Yishun
Brightrise Investment Pte Limited, M&G Investment Management
Limited and Summer Trees Pte Ltd.
Admission to trading on AIM is expected to become effective on
or around 16 June 2017. The new ordinary shares will rank pari
passu with the Company's existing ordinary shares of nil par value.
Application for quotation of the new ordinary shares will also be
made to the Australian Securities Exchange and the Main Board of
the JSE Limited.
The new ordinary shares for Pan African Resources plc will be
issued on satisfaction or waiver of the remaining condition
precedent to the Transaction.
Following admission of the new ordinary shares to be issued to
Yishun Brightrise Investment Pte Limited, M&G Investment
Management Limited and Summer Trees Pte Ltd there will be 2 556 296
905 shares on issue. This figure may be used by shareholders in the
Company as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a
change in their interest in, the share capital of the Company under
the Corporations Act and the FCA's Disclosure Guidance and
Transparency Rules.
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
Celeste Van +27 10 003
Tonder Investor Relations Coal of Africa 8000
Endeavour Corporate +61 08 9316
Tony Bevan Company Secretary Services 9100
Company advisors:
Jos Simson/Emily Financial PR +44 20 7920
Fenton (United Kingdom) Tavistock 3150
Matthew Armitt/Ross Nominated Adviser +44 20 7418
Allister and Broker Peel Hunt LLP 8900
Investec Bank Limited is the nominated JSE Sponsor.
About CoAL:
CoAL is an AIM/ASX/JSE listed coal exploration and development
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
ROMLLFVLRSIELID
(END) Dow Jones Newswires
June 15, 2017 07:36 ET (11:36 GMT)
Coal of Africa (LSE:CZA)
Historical Stock Chart
From Apr 2024 to May 2024
Coal of Africa (LSE:CZA)
Historical Stock Chart
From May 2023 to May 2024