JSE Sens

WESCOAL HOLDINGS LIMITED - Further cautionary announcement

07 December 2018 - 08:00 AM
WSL
Further cautionary announcement

WESCOAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: WSL
ISIN: ZAE000069639
(?Wescoal? or the ?Company?)

FURTHER CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the detailed cautionary announcement released on SENS on 26 October 2018,
wherein Wescoal announced that it had joined a consortium led by private equity firm, Ata Resources Coal 
Investments Proprietary Limited, to acquire the entire issued, and to be issued,ordinary share capital 
of Universal Coal Plc, a company listed on the Australian Securities Exchange.

Shareholders are advised that negotiations regarding the conclusion of detailed transaction agreements 
are still in progress which, if successfully concluded, may have a material effect on the price of the 
Company?s securities. Accordingly, shareholders are advised to continue exercising caution when dealing 
in the Company?s securities until a full announcement is made.

Johannesburg
07 December 2018

Investment Bank, Corporate Advisor and Sponsor to Wescoal
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Legal Advisor to Wescoal
ENSafrica

Date: 07/12/2018 09:00:00 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.