| Fri 4 Feb 2011, 10:41 | | CZA - Coal of Africa Limited - Appendix 3B new issue announcement application |
|
CZA
CZA
CZA - Coal of Africa Limited - Appendix 3B new issue announcement, application
for quotation of additional securities and agreement
Coal of Africa Limited
(previously, "GVM Metals Limited")
(Incorporated and registered in Australia)
(Registration number ABN 008 905 388)
JSE Share code: CZA
ASX Share code: CZA
ISIN AU000000CZA6
(`CoAL` or `the Company`)
APPENDIX 3B NEW ISSUE ANNOUNCEMENT, APPLICATION FOR QUOTATION OF ADDITIONAL
SECURITIES AND AGREEMENT
CoAL, today, 4 February 2010, submitted to the Australian Securities Exchange
("ASX") an Appendix 3B "New issue announcement, application for quotation of
additional securities and agreement" in respect of the issue of 1,540,561
options, exercisable at A$1.40 (ZAR9.50) each on or before 30 September 2015.
QUOTE
Information or documents not available now must be given to ASX as soon as
available. Information and documents given to ASX become ASX`s property and may
be made public.
NAME OF ENTITY
Coal of Africa Limited
ABN
98 008 905 388
We (the entity) give ASX the following information
PART 1 - ALL ISSUES
1.Class of securities issued or to be issued
Options
2.Number of securities issued or to be issued (if known) or maximum number which
may be issued
1,540,561 options
3.Principal terms of the securities (eg, if options, exercise price and expiry
date; if partly paid securities, the amount outstanding and due dates for
payment; if convertible securities, the conversion price and dates for
conversion)
Options exercisable on or before 30 September 2015 at an exercise price of
A$1.40 or ZAR9.50
4.Do the securities rank equally in all respects from the date of allotment with
an existing +class of quoted securities?
If the additional securities do not rank equally, please state:
- the date from which they do
- the extent to which they participate for the next dividend, (in the case of a
trust, distribution) or interest payment
- the extent to which they do not rank equally, other than in relation to the
next dividend, distribution or interest payment
No
Options over unissued shares may only be exercised in accordance with their
terms and conditions. Upon conversion of the options to shares, the shares will
rank equally with existing shares.
5.Issue price or consideration
Nil
6.Purpose of the issue:
(If issued as consideration for the acquisition of assets, clearly identify
those assets)
Options granted to employees pursuant to the Company`s Share Option Plan,
approved by shareholders at the Company`s Annual General Meeting held on 30
November 2009.
7.Dates of entering securities into uncertificated holdings or despatch of
certificates
February 2011
8.Number and class of all securities quoted on ASX (including the securities in
clause 2 if applicable)
Number Class
530,514,663 Fully paid ordinary shares
9.Number and class of all securities not quoted on ASX (including the securities
in clause 2 if applicable)
Number Class
9,074,998 Class A Options exercisable at $0.50 each on or before 30
September 2011
250,000 Class B Options exercisable at $2.05 each on or before 1 May
2012
7,000,000 Class D Options exercisable at $1.25 each on or before 30
September 2012
1,000,000 Class G Options exercisable at $1.90 each on or before 30
September 2012
600,000 Class H Options exercisable at $1.25 on or before 1 May 2012
1,650,000 Class I Options exercisable at $3.25 on or before 31 July
2010
5,000,000 Class J Options exercisable at $2.74 on or before 30
November 2014
912,500 ESOP Options exercisable at $1.90 on or before 30 June 2014.
2,500,000 Class C Options exercisable at $1.20 on or before 9 November
2015
1,540,561 ESOP Options exercisable at $1.40 on or before 30 September
2015
1 Option to subscribe for 50 million ordinary shares for 60
pence each between 1 November 2010 and 1 November 2014, as
approved by shareholders on 22 April 2010.
10.Dividend policy (in the case of a trust, distribution policy) on the
increased capital (interests)
Not applicable
PART 2 - BONUS ISSUE OR PRO RATA ISSUE
Questions 11 to 33 - Not Applicable
PART 3 - QUOTATION OF SECURITIES
Questions 34 to 42 - Not Applicable
QUOTATION AGREEMENT
1.Quotation of our additional securities is in ASX`s absolute discretion. ASX
may quote the securities on any conditions it decides.
2.We warrant the following to ASX.
- The issue of the +securities to be quoted complies with the law and is not for
an illegal purpose.
- There is no reason why those securities should not be granted quotation.
- An offer of the +securities for sale within 12 months after their issue will
not require disclosure under section 707(3) or section 1012C(6) of the
Corporations Act.
- Note: An entity may need to obtain appropriate warranties from subscribers for
the securities in order to be able to give this warranty
- Section 724 or section 1016E of the Corporations Act does not apply to any
applications received by us in relation to any securities to be quoted and that
no-one has any right to return any securities to be quoted under sections 737,
738 or 1016F of the Corporations Act at the time that we request that the
+securities be quoted.
- We warrant that if confirmation is required under section 1017F of the
Corporations Act in relation to the +securities to be quoted, it has been
provided at the time that we request that the +securities be quoted.
- If we are a trust, we warrant that no person has the right to return the
securities to be quoted under section 1019B of the Corporations Act at the time
that we request that the securities be quoted.
3.We will indemnify ASX to the fullest extent permitted by law in respect of any
claim, action or expense arising from or connected with any breach of the
warranties in this agreement.
4.We give ASX the information and documents required by this form. If any
information or document not available now, will give it to ASX before quotation
of the securities begins. We acknowledge that ASX is relying on the information
and documents. We warrant that they are (will be) true and complete.
Signed: 4 February 2011
Company Secretary: Shannon Coates
UNQUOTE
Johannesburg
4 February 2011
Sponsor
Macquarie First South Advisers (Pty) Ltd
Date: 04/02/2011 10:41:01 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.
