14th Dec 2007 12:17
Coal of Africa Limited14 December 2007 COAL OF AFRICA LIMITED (the "Company") APPOINTMENT OF FINANCE DIRECTOR AND COMPANY SECRETARY The Company is pleased to announce that Mr Blair Sergeant has been appointed tothe position of Finance Director, effective 1 January 2008. Mr Sergeant hasbeen Company Secretary to the Company since June 2000 and was appointed to theBoard as a Non-executive director on 30 June 2004. His appointment as Finance Director has been driven by the Board's strategy anddetermination to bring several of the Company's coal projects into productionsimultaneously and in the near term. The conditions of Mr Sergeant'sappointment will include him relocating to the Company's office in Johannesburg,South Africa and subject to shareholder approval at the Company's next GeneralMeeting, includes the issue 1 million options exercisable at $1.90 (being 125%of the market value of the Company's shares at the time negotiations commenced)on or before 30 September 2012 . The Company further advises Mr Sergeant has resigned as Company Secretary and ithas appointed Mrs Shannon Coates as his replacement. Mrs Coates is a qualifiedsolicitor with over 14 years experience in corporate law and compliance. For more information contact: Simon Farrell, Managing Director Coal of Africa Limited +61 417 985 383 or +61 8 9322 6776Nonkqubela Mazwai, Deputy Managing Director, Coal of Africa Limited +27 83 690 9079Petronella Gorrie The Event Shop +27 82 827 8815Leesa Peters / Jos Simson Conduit PR +44(0) 20 7429 6606Olly Cairns / Romil Patel Blue Oar Securities Plc +61 8 6430 1631 +44(0) 20 7448 4400 www.coalofafrica.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MCM.L