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Issue of unlisted share options
Coal of Africa Limited
(Incorporated and registered in Australia)
Registration number ABN 008 905 388
ISIN AU000000CZA6
JSE/ASX/AIM share code: CZA
("CoAL or the "Company" or the "Group")
ANNOUNCEMENT
30 January 2015
Issue of Unlisted Share Options
Coal of Africa Limited (“CoAL” or the “Company") confirms it has today issued a total of 30,575,000 unlisted
share options pursuant to the shareholder approval obtained at the annual general meeting held on 28
November 2014. The unlisted options were issued for nil consideration.
20,000,000 unlisted options were issued to Investec Bank Limited, exercisable at ZAR1.32 on or before 21
October 2018. All of the Options will vest on issue.
10,575,000 unlisted options were issued to Mr David Brown, the Chief Executive Officer and Executive
Director of the Company pursuant to the terms and conditions of the Company’s Employee Share Option
Plan. 3,525,000 of these options will become exercisable on each of 1 February 2015, 1 February 2016 and 1
February 2017 at an exercise price of ZAR1.2, ZAR1.32 and ZAR1.45 respectively. All of the options expire
on 1 February 2019.
Following the issue of the options, Mr Brown is now the beneficial owner of 325,000 shares representing
0.02% of the Company’s issued share capital and 13,075,000 unlisted options comprising the above-noted
10,575,000 unlisted options and 2,500,000 unlisted options exercisable at GBP0.25 each on or before 30
November 2015.
AUTHORISED BY:
Tony Bevan
Company Secretary
For more information contact:
David Brown Chief Executive Officer Coal of Africa +27 10 003 8000
Michael Meeser Chief Financial Officer Coal of Africa +27 10 003 8000
Celeste Harris 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
Chris Sim/George Price/Jeremy Ellis Nominated Adviser Investec Bank plc +44 20 7597 5970
Charmane Russell/Jane Kamau 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: adminza@coalofafrica.com
Bernard R. Pryor – Chairman, David H. Brown – Chief Executive Officer , Michael G. Meeser – Chief Financial Officer
Non-executive directors: Peter G. Cordin, Andrew D Mifflin, Khomotso B. Mosehla ,Thabo F Mosololi, Rudolph H. Torlage
Date: 30/01/2015 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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