| Tue 12 Aug 2008, 7:05 | | SAH - SACMH - Rights offer results announcement |
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SAH
SAH
SAH - SACMH - Rights offer results announcement
South African Coal Mining Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1994/009012/06
Share code: SAH
ISIN: ZAE000102034
("SACMH" or "the company")
Rights offer results announcement
SACMH is a black owned and controlled coal mining company that is raising
capital in order to launch a major infrastructure upgrade programme designed
to deliver on its growth objectives.
The directors of SACMH are pleased to announce the results of the rights
offer which closed on Friday, 8 August 2008.
Applications were received in respect of 19,769,533 rights shares at R4.00
per share, being 79% of the rights shares offered and a total amount raised
of R79,078,132.
The amount raised will contribute towards an infrastructure upgrade
programme designed to expand production capacity, improve the cost
effectiveness of SACMH by substantially reducing the level of toll treating
and the use of other sidings in the region, and improve unit revenue by
limiting the fraction of export quality coal sold into the domestic market
or into the export market through third party Richards Bay Coal Terminal
allocation.
Share certificates will be posted to certificated shareholders and their
renouncees and the custody accounts of dematerialised shareholders and their
renouncees, who have followed their rights, will be updated and their
accounts credited at their Central Securities Depository Participant or
broker on Monday, 11 August 2008.
Mirkwood
11 August 2008
Corporate adviser and sponsor
QuestCo
Date: 12/08/2008 07:05:11 Produced by the JSE SENS Department.
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