Source - RNS
RNS Number : 7647J
Coal of Africa Limited
30 June 2017

ANNOUNCEMENT                                                                                             30 June 2017

Holdings in Company


Coal of Africa Limited (the "Company") was notified on 30 June 2017 by Investec Asset Management (PTY) Limited (IAM (PTY) Limited), that as at 30 June 2017, IAM (PTY) Limited held 131,529,499 ordinary shares of nil par value each in the Company, representing 4.67 per cent of the Company's issued share capital at that date.

 The shareholding decreased to below 5% and therefore IAM (PTY) Limited is no longer classified as a substantial shareholder of Company as defined by the ASX listing rules. The decrease in shareholding was due to the recent shareholder approved share placement of 261,287,625 additional shares issued to Pan African Resources Plc on 30 June 2017.

Further details on the holding are available on the Company's website:



Tony Bevan

Company Secretary



For more information contact:

David Brown

Chief Executive Officer

Coal of Africa

+27 10 003 8000

De Wet Schutte

Chief Financial Officer

Coal of Africa

+27 10 003 8000

Celeste Riekert

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)


+44 20 7920 3150

Matthew Armitt/Ross Allister

Nominated Adviser

Peel Hunt LLP


+44 20 7418 8900

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).


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The company news service from the London Stock Exchange