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AMSA’s shareholding in CoAL decreases to below 5%

21st June 2017

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

     

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JOHANNESBURG (miningweekly.com) – Coal of Africa Limited (CoAL) on Wednesday said ArcelorMittal South Africa (AMSA) was no longer classified as a substantial shareholder in the miner.

AMSA’s shareholding in CoAL has decreased to 126-million ordinary shares, or 4.93% of CoAL’s shares.

The decrease in shareholding was due to the recent shareholder approved share placement of 340-million additional shares issued to Yishun Brightrise Investment, M & G Investment Management and Summer Trees on June 15.

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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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