Wescoal - Designated Adviser Dealing In Securities
Wescoal - Designated Adviser Dealing In Securities
Wescoal Holdings Limited
(previously known as `Abrina 724 Limited`)
(Incorporated in the Republic of South Africa)
(Registration number 2005/006913/06)
(JSE code: WSL & ISIN: ZAE000069639)
(`Wescoal` or `the company`)
Designated Adviser Dealing In Securities
Warning: The listing of ordinary shares in the company is on ALTx. Investors
are advised of the risks of investing in a company listed on ALTx. Investors are
advised that the JSE does not guarantee the viability or the success of a
company listed on ALTx. In terms of the Listings Requirements, the company is
obliged to appoint and retain a Designated Adviser, which is required to, inter
alia, attend all board meetings held by the company to ensure that all the
Listings Requirements and applicable regulations are complied with, approve the
Financial Director of the company and guide the company in a competent,
professional and impartial manner. If the company fails to retain a Designated
Adviser, it must make arrangements to appoint a new Designated Adviser within 10
business days, failing which the company faces suspension of trading of its
securities. If a Designated Adviser is not appointed within 30 days of its
suspension, the company faces the termination of its listing without the
prospect of an appropriate offer to minority shareholders.
The JSE has approved the listing of 100 000 000 shares of Wescoal on ALTx with
effect from the commencement of business on Wednesday, 20 July 2005.
In compliance with rule 21.30 read with rules 3.63 to 3.65 of the JSE Listing
Requirements, the following should be noted:
Name of person at designated adviser: M Meyer
Date of transaction: 19 July 2005
Nature of transaction: Purchase
Price: 50 cps
Number of shares: 500 000
Total amount: R250 000-00
Class of security: Ordinary Shares
Nature of interest: Indirect Beneficial
Clearance obtained: Yes
Name of person at designated adviser: WP van der Merwe
Date of transaction: 19 July 2005
Nature of transaction: Purchase
Price: 50 cps
Number of shares: 500 000
Total amount: R250 000-00
Class of security: Ordinary Shares
Nature of interest: Direct Beneficial
Clearance obtained: Yes
20 July 2005
Johannesburg
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