WESCOAL HOLDINGS LIMITED - Cautionary announcement - Wescoal enters negotiations to increase Black Economic Empowerment (BEE) ownership
WSL 201608230036A
Cautionary announcement - Wescoal enters negotiations to increase Black Economic Empowerment ("BEE") ownership
WESCOAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: WSL
ISIN: ZAE000069639
(“Wescoal” or "the Company")
Cautionary announcement
WESCOAL ENTERS NEGOTIATIONS TO INCREASE BLACK ECONOMIC EMPOWERMENT
(“BEE”) OWNERSHIP
Wescoal has entered negotiations to increase its BEE ownership (“the BEE transaction”) and
shareholders are advised to exercise caution when dealing in Wescoal’s shares until a
further announcement in this regard is published.
In this respect the attention of shareholders is drawn to the SENS announcement released
on 17 August 2016 relating to the long term coal supply agreement entered into with Eskom
and Wescoal’s obligation therein to transform its BEE ownership to more than 50% by end
December 2016.
23 August 2016
Sponsor
Nedbank Corporate and Investment Banking
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