Wescoal - cautionary announcement

23 August 2016 16:10

Wescoal has entered negotiations to increase its BEE ownership (the BEE transaction) and shareholders are advised to exercise caution when dealing in Wescoal’s shares until a further announcement in this regard is published. In this respect the attention of shareholders is drawn to the SENS announcement released on 17 August 2016 relating to the long term coal supply agreement entered into with Eskom and Wescoal’s obligation therein to transform its BEE ownership to more than 50% by end December 2016. Click here for original article