Coal of Africa Limited Change of name to MC Mining Limited (7408Y)
07 Dezember 2017 - 5:00PM
UK Regulatory
TIDMCZA
RNS Number : 7408Y
Coal of Africa Limited
07 December 2017
ANNOUNCEMENT 7 December 2017
CHANGE OF NAME TO MC MINING LIMITED
Coal of Africa Limited's ("CoAL" or the "Company") shareholders
approved the change of the Company's name ("Name Change") at the
Annual General Meeting ("AGM") on 24 November 2017. The results of
the AGM as well as previous announcements detailing the recently
completed 20 to 1 share consolidation ("Consolidation") and Name
Change are available on the Company's website
www.coalofafrica.com.
The Consolidation was completed yesterday, 6 December 2017 and
trading of CoAL shares listed on the AIM Market of the London Stock
Exchange ("AIM") recommenced today. Following the Consolidation,
the Australian Stock Exchange ("ASX") and AIM are utilising the
International Securities Identification Number ("ISIN")
AU000000CZA6 while the Johannesburg Stock Exchange ("JSE") will
continue using the ISIN AU0000CZADC4, pending the implementation of
the new Name Change ISIN.
As previously announced, the Company has received Australian
Investments and Securities Commission approval to change its name
to MC Mining Limited ("MC Mining"). The ASX notified the Company
today that as a result of the Name Change, its new ISIN is
AU000000MCM9, that will be implemented on the ASX on 8 December
2017. The ASX approved timetables previously distributed to the
market anticipated that the Name Change ISIN would be received on 6
December 2017 and this delay unfortunately impedes Euroclear, the
securities settling organisation for AIM transactions, from
effecting the necessary system and administrative amendments
required to implement the Name Change ISIN. As a result, Euroclear
will not be able to process trades in the Company's shares on
Friday, 8 December 2017, requiring the suspension of shares on AIM.
The Company anticipates the suspension will be lifted prior to AIM
market opening on Monday, 11 December 2017. A further update will
be made in due course.
The Name Change will be implemented on the ASX, AIM and JSE as
per the table below.
Bourse Effective Name ISIN Ticker
date
------- ------------ ---------- ------------- -------
ASX 8 December MC Mining AU000000MCM9 MCM
2017 Limited
------- ------------ ---------- ------------- -------
AIM 11 December MC Mining AU000000MCM9 MCM
2017 Limited
------- ------------ ---------- ------------- -------
JSE 11 December MC Mining AU000000MCM9 MCZ
2017 Limited
------- ------------ ---------- ------------- -------
Shareholders on the South African register are reminded that due
to the Name Change processes, share certificates may not be
de-materialised or re-materialised between the ex-date (11 December
2017) and the record date (14 December 2017). The change in ISIN
precludes the transfer of the Company's shares from or to the South
African share register until record date when the Name Change
process is complete.
The Company expresses its gratitude to shareholders, regulators
and its advisors for their assistance during the complex
Consolidation and Name Change processes.
AUTHORISED BY:
Tony Bevan
Company Secretary
For more information contact:
Chief Executive +27 10 003
David Brown Officer Coal of Africa 8000
+27 10 003
Stephen Rowse Business Executive Coal of Africa 8000
Endeavour Corporate +61 08 9316
Tony Bevan Company Secretary Services 9100
Company advisors:
Ross Allister/ Nominated Adviser Peel Hunt +44 20
Richard Crichton and Broker LLP 7418 8900
Jos Simson/ Barney
Hayward/ Annabel Financial PR +44 20
de Morgan (United Kingdom) Tavistock 7920 3150
Charmane Russell/Olwen Financial PR R&A Strategic +27 11
Auret (South Africa) Communications 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 Uitkomst Colliery, Makhado Project (coking and thermal
coal), Vele Colliery (coking and thermal coal) and the Greater
Soutpansberg Projects (MbeuYashu).
This announcement is inside information for the purposes of
article 7 of EU Regulation 596/2014.
Forward-Looking Statements
This Announcement, including information included or
incorporated by reference in this Announcement, may contain
"forward-looking statements" concerning CoAL that are subject to
risks and uncertainties. Generally, the words "will", "may",
"should", "continue", "believes", "expects", "intends",
"anticipates" or similar expressions identify forward-looking
statements. These forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those expressed in the forward-looking statements. Many of
these risks and uncertainties relate to factors that are beyond
CoAL's ability to control or estimate precisely, such as future
market conditions, changes in regulatory environment and the
behaviour of other market participants. CoAL cannot give any
assurance that such forward-looking statements will prove to have
been correct. The reader is cautioned not to place undue reliance
on these forward looking statements. CoAL assumes no obligation and
do not undertake any obligation to update or revise publicly any of
the forward-looking statements set out herein, whether as a result
of new information, future events or otherwise, except to the
extent legally required.
Statements of intention
Statements of intention are statements of current intentions
only, which may change as new information becomes available or
circumstances change.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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