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MC MINING LIMITED — M&A Activity 2015
Dec 16, 2015
48758_rns_2015-12-16_71025bf7-8140-4b3a-8cf5-02af0042f6e1.pdf
M&A Activity
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17 December 2015
COMPETITION COMMISSION APPROVES MERGER WITH UNIVERSAL COAL
Coal of Africa Limited ("CoAL" or the "Company") confirms that the South African Competition Commission has unconditionally approved CoAL's acquisition of Universal Coal plc ("Universal") pursuant to its intended offer for the entire issued and to be issued share capital of Universal (the "Offer") announced by CoAL on 26 November 2015..
David Brown, Chief Executive Officer of CoAL, commented: “The approval is a positive step towards successfully concluding the merger between CoAL and Universal.”
AUTHORISED BY:
David Brown
Chief Operating Officer
| For more information contact: | |||
|---|---|---|---|
| David Brown | Chief Executive Officer | Coal of Africa | +27 10 003 8000 |
| De Wet Schutte | Chief Financial Officer | Coal of Africa | +27 10 003 8000 |
| Celeste Riekert | Investor Relations | Coal of Africa | +27 10 003 8000 |
| Tony Bevan | Company Secretary | Endeavour Corporate Services | +61 08 9316 9100 |
| Company advisors: | |||
| Jos Simson/Emily Fenton | Financial PR (United Kingdom) | Tavistock | +44 20 7920 3150 |
| Matthew Armitt/Ross Allister | Nominated Adviser and Broker | Peel Hunt LLP | +44 20 7418 8900 |
| Charmane Russell/Olwen Auret | Financial PR (South Africa) | Russell & Associates | +27 11 880 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).
AU: Coal of Africa Limited, Suite 8, 7 The Esplanade, Mount Pleasant, Perth WA 6153, Australia, Tel: +61 8 9316 9100, Fax: +61 8 9316 5475
ZA: South Block, Summercon Office Park, Cnr Rockery Lane and Sunset Avenue, Lonehill, 2191, Tel: +27 10 003 8000 Fax: +27 11 388 8333 Email: [email protected]
Bernard R. Pryor – Chairman, David H. Brown – Chief Executive Officer, De Wet O Schutte Non-executive directors: Peter G. Cordin, Andrew D Mifflin, Khomotso B. Mosehla ,Thabo F Mosololi, Rudolph H. Torlage
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014-3110-0935/1/EUROPE