WESCOAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/006913/06)
JSE Share code: WSL & ISIN: ZAE000069639
("Wescoal" or "the Company")
FURTHER UPDATE ON THE VLAKLAAGTE AND ELANDSPRUIT TRANSACTIONS AND RESULTS
OF THE GENERAL MEETING
Shareholders are referred to the announcements released on SENS on 31 July
2012, 3 September 2012, 5 October 2012, 8 November 2012 and 21 December
2012("Previous Announcements") and the circular dated 15 January 2013
("Circular") relating to the Vlaklaagte Acquisition, the Vlaklaagte
Disposal and the Elandspruit Acquisition (?the Transactions?).
Capitalised terms used and not otherwise herein defined, shall have the
meanings ascribed thereto in the Previous Announcements.
Shareholders are advised that:
1) at the general meeting of the Company held today, all the special and
ordinary resolutions set out in the notice of general meeting
contained in the Circular were adopted with the requisite majority of
votes of shareholders present and represented by proxy.
The associated Conditions Precedent to the Vlaklaagte Disposal and
Elandspruit Acquisition have accordingly been timeously fulfilled.
2) A notarial deed of cession between Duiker and Xstrata to give effect
to the transfer from Duiker to Xstrata of the Elandspruit Mining
Right has been concluded and registered at the Mineral and Petroleum
Titles Registration Office.
The associated Condition Precedent to the Elandspruit Acquisition has
accordingly been timeously fulfilled.
Shareholders will be advised as soon as the remaining conditions precedent
to the Transactions have been met.
Corporate adviser & Sponsor to Wescoal Legal Advisers to
Exchange Sponsors KWA Attorneys
Legal Advisers to Xstrata
Baker & McKenzie
14 February 2013
Date: 14/02/2013 01:18:00 Supplied by www.sharenet.co.za
Produced by the JSE SENS Department . The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.