WESCOAL HOLDINGS LIMITED - Delay in the release of finalisation announcement in relation to a renounceable combined claw-back and right offer

Delay in the release of finalisation announcement in relation to a renounceable combined claw-back and right offer

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”)


DELAY IN THE RELEASE OF THE FINALISATION ANNOUNCEMENT IN RELATION TO A RENOUNCEABLE
COMBINED CLAW-BACK AND RIGHTS OFFER

Wescoal shareholders (“Shareholders”) are referred to the declaration announcement released on Stock
Exchange News Services (“SENS”) on 7 October 2015 (“Declaration Announcement”), wherein Shareholders
were advised that Wescoal intends to raise a maximum of R81 million by way of a renounceable combined
claw-back and rights offer (“Combined claw-back and rights offer”).
In terms of paragraph 6 of the Declaration Announcement, the Combined claw-back and rights offer was
conditional upon, inter alia, approval by the JSE of:

–       the Combined claw-back and rights offer circular and ancillary documents thereto; and
–       the listing of the Combined claw-back and rights offer shares.

Shareholders are hereby advised that some conditions precedent to the Combined claw-back and rights offer
have not yet been fulfilled.

In light of the above, Shareholders are hereby advised that the finalisation announcement has been withheld
for release until further notice. Shareholders will be informed through SENS and South African press (where
applicable) as soon as all conditions precedent have been fulfilled and revised dates have been finalised.

Johannesburg
13 October 2015


Investment bank, corporate advisor and sponsor
Nedbank Corporate and Investment Banking


Legal advisor
Mkhabela Huntley Adekeye Incorporated

Date: 13/10/2015 04:36:00 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.