Triple-listed coal company Coal of Africa announced today that its name change - to MC Mining - will be finalised in the week commencing Monday, 11 December 2017.The company’s shareholders are also advised that the consolidation of Coal of Africa (CoAL’s) new ordinary shares on the Australian Securities Exchange (ASX), AIM Market of the London Stock Exchange (AIM) and Johannesburg Stock Exchange (JSE) will be finalised today.
The consolidation and name change has resulted in the temporary divergent treatment of CoAL’s International Securities Identification Number (ISIN) on the ASX, AIM and JSE and its shares being suspended on AIM from 28 November 2017 to today, with normal trading in the consolidated securities recommencing tomorrow, Thursday 7 December 2017.
The change of the ISIN also resulted in the temporary suspension of CoAL’s shares on the JSE on 27 November 2017 and precludes the transfer of the company’s shares from or to the South African share register until the name change process is complete.
Following the Consolidation and Admission, the company's enlarged issued share capital will comprise 140,879,585 ordinary shares and it does not hold any shares in treasury.
The 140,879,585 ordinary shares may be used by the company’s shareholders as the denominator for calculations to assess whether they are required to notify their interest in, or a change in their interest in, the Company’s share capital under the FCA's Disclosure and Transparency Rules.
Shareholders on the South African register are reminded that due to the name change processes, share certificates may not be de-materialised or re-materialised between the ex-date and the record date.