WSL
WSL
Wescoal Holdings Limited - Cautionary announcement
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")
CAUTIONARY ANNOUNCEMENT
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.
Shareholders are advised that the company has entered into negotiations, which
if successfully concluded may have a material effect on the price of the
company"s securities. Accordingly, shareholders are advised to exercise caution
when dealing in the company"s securities until a full announcement is made.
18 January 2006
Johannesburg
Designated Adviser
Exchange Sponsors
Date: 18/01/2006 10:01:47 AM Produced by the JSE SENS Department
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