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Issue of Employee 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
3 December 2013
ISSUE OF EMPLOYEE SHARE OPTIONS
Coal of Africa Limited ('CoAL' or the 'Company') confirms it has today issued a total of 8,057,928 unlisted
share options pursuant and subject to the terms and conditions of the Coal of Africa Limited Employee
Share Option Plan approved at the annual general meeting held on 22 November 2013. The unlisted
options were issued for nil consideration.
3,932,928 unlisted options were issued to 38 employees of the Company, exercisable at ZAR1.75 (16.9
pence) on or before 30 June 2017. These options vest in two instalments, with two thirds vesting
immediately and one third vesting on 1 July 2014. These options were recommended by the Company’s
Remuneration Committee and approved by the Board.
4,125,000 unlisted options were issued to Mr Michael Meeser, the Chief Financial Officer and Executive
Director of the Company, as approved by the shareholders at the recent annual general meeting. 1,375,000
of these options will become exercisable on each of 1 June 2014, 1 June 2015 and 1 June 2016 at an
exercise price of ZAR2.0 (19.3 pence). These options expire on 1 June 2018.
An Appendix 3B to confirm the issue of the Options will follow.
AUTHORISED BY:
Tony Bevan
Company Secretary
For more information contact:
David Brown Executive Chairman Coal of Africa +27 11 575 4363
Michael Meeser Chief Financial Officer Coal of Africa +27 11 575 4363
Celeste Harris Investor Relations Coal of Africa +27 11 575 6857
Tony Bevan Company Secretary Endeavour Corporate Services +61 8 9316 9100
Company advisors:
Jos Simson/Emily Fenton Financial PR (United Kingdom) Tavistock +44 20 7920 3150
Chris Sim/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).
Suite 8, 7 The Esplanade, Mt Pleasant, Perth WA 6153, Australia, Tel: +61 8 9316 9100, Fax: +61 8 9315 5475, Email: perth@coalofafrica.com ACN 008 905388
ZA: 2nd Floor, Gabba Building, The Campus, 57 Sloane Street, Bryanston, Johannesburg, South Africa 2021, Tel: +27 11 575 4363, Fax: +27 11 576 4363, Email: admin@coalofafrica.com
David H.Brown – Executive Chairman, Michael G. Meeser – Chief Financial Officer
Non-executive directors: Peter G. Cordin, Khomotso B. Mosehla , David J. K. Murray, Bernard R. Pryor, Rudolph H. Torlage
Date: 03/12/2013 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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