Go Back Email this Link to a friend

WESCOAL HOLDINGS LIMITED - Cautionary announcement - Wescoal enters negotiations to increase Black Economic Empowerment ("BEE") ownership

Release Date: 23/08/2016 16:05:00      Code(s): WSL     
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: WSL
ISIN: ZAE000069639
(?Wescoal? or "the Company")

Cautionary announcement

Wescoal has entered negotiations to increase its BEE ownership (?the BEE transaction?) and
shareholders are advised to exercise caution when dealing in Wescoal?s shares until a
further announcement in this regard is published.

In this respect the attention of shareholders is drawn to the SENS announcement released
on 17 August 2016 relating to the long term coal supply agreement entered into with Eskom
and Wescoal?s obligation therein to transform its BEE ownership to more than 50% by end
December 2016.

23 August 2016

Nedbank Corporate and Investment Banking

Date: 23/08/2016 04:05:00 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.

Email this JSE Sens Item to a Friend.

Send e-mail to
© 2018 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.