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WESCOAL HOLDINGS LIMITED - Further cautionary announcement

Release Date: 07/03/2019 14:10
Code(s): WSL     PDF:  
Wrap Text
Further cautionary announcement

Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: WSL
ISIN: ZAE000069639
(“Wescoal” or the “Company”)


Shareholders are referred to the detailed cautionary announcement released on SENS on 26 October
2018, and the updates thereto on 07 and 21 December 2018, and 24 January 2019, wherein Wescoal
announced that it had joined a consortium led by private equity firm, Ata Resources Coal Investments
Proprietary Limited, to acquire the entire issued, and to be issued, ordinary share capital of Universal
Coal Plc, a company listed on the Australian Securities Exchange.

Shareholders are advised that negotiations regarding the conclusion of detailed transaction
agreements are still in progress which, if successfully concluded, may have a material effect on the
price of the Company’s securities. Accordingly, shareholders are advised to continue exercising caution
when dealing in the Company’s securities until a full announcement is made.

7 March 2019

Investment Bank, Corporate Advisor and Sponsor to Wescoal
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Legal Advisor to Wescoal

Date: 07/03/2019 02:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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