9th Mar 2009 08:22
ANNOUNCEMENT 09 March 2009
Coal of Africa Limited ('the Company')
Holdings in Company
The Company was notified on 03 March 2009 of the following disclosure by Bank of America Corporation regarding a notice of ceasing to be a substantial shareholder, as below.
Further details, subject to AIM Rule 17, are expected to be disclosed shortly.
Full copies of the notifications can be found on the Company's website at:
www.coalofafrica.com.
For more information contact:
Simon Farrell, Managing Director CZA +61 417 985 383 or +61 8 9322 6776
Peter Bacchus/ Alastair Cochran Morgan Stanley +44(0) 20 7425 8000
Simon Edwards/ Chris Sim Evolution Securities +44(0) 20 7071 4300
Jos Simson/ Gareth Tredway Conduit PR +44(0) 20 7429 6603
About CoAL:
Coal of Africa Limited ("CoAL") is primarily focused on the acquisition, exploration and development of thermal and metallurgical coal projects. The Company's key projects, along with its leading metals processing company NiMag Group (Pty) Ltd are in South Africa. The Company was incorporated in Western Australia and listed in 1980. Since 2005, the Company has also listed on both the AIM and JSE markets, allowing further growth in the Company's coal assets.
Form 605
Corporations Act 2002
Section 671B
Notice of ceasing to be a substantial holder
1. Details of substantial holder (1)
|
Name |
Bank of America Corporation |
|
ACN/ARSN (if applicable) |
008 905 388 |
|
The holder ceased to be a substantial holder on |
2/27/2009 |
|
The previous notice was given to the company on |
6/23/2008 |
|
The previous notice was dated |
7/4/2008 |
2. Changes in relevant interests
Particulars of each change in the nature of a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows
|
Date of change |
Person whose relevant Interest changed |
Nature of change (4) |
Consideration given in Relation to change (5) |
Class (6) of securities |
Securities affected |
Person's votes affected |
|
27-Feb-2009 |
Bank of America Corporation |
Completion of Exchange Agreement with BlackRock Inc. |
Ordinary Shares |
-34,917,865 |
-34,917,665 |
3. Changes in associations
The persons who have become associates (3) or ceased to be associates of or have changed the nature of their association (7) with the substantial holder in relation to voting interests in the company or schemes are as follows:
|
Name and ACN/ARSN (if applicable) |
Nature of association |
|
BlackRock Group |
Ceased to be associate of Bank of America Corporation |
4. Addresses
The addresses of persons named in this form are as follows:
|
Name |
Address |
|
Bank of America Corporation |
100 North Tryone Street, Charlotte, North Carolina, 28255 |
* This report is submitted on the basis of our present understanding of ASIC's current policy on reporting by Prime Brokers
|
Print name John O'Toole |
Capacity Associate General Counsel, Bank of America Corporation |
|
Date 3/3/2009 |
|
Related Shares:
MCM.LBAC.L