SAH - South African Coal Mining Holdings Limited - Lapse of firm intention
received from Wescoal Holdings Limited ("WESCOAL")
SOUTH AFRICAN COAL MINING HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/009012/06)
Share code: SAH ISIN: ZAE000102034
LAPSE OF FIRM INTENTION RECEIVED FROM WESCOAL HOLDINGS LIMITED ("WESCOAL")
Shareholders are referred to the announcement by SACMH on Tuesday, 30 March
2010 ("the Wescoal Announcement"), where it was announced that the SACMH board
of directors ("the Board") received a letter from Wescoal containing a firm
intention to make an offer to acquire all the issued ordinary share capital of
SACMH ("the Firm Intention").
The Firm Intention contained, inter alia, a condition precedent that the Firm
Intention had to be accepted by the Board by no later than 30 April 2010. This
condition was not fulfilled and therefore the Firm Intention has lapsed.
Wescoal does not intend to proceed with an offer.
4 May 2010
Date: 04/05/2010 13:45:03 Supplied by www.sharenet.co.za
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