6 Dec 2012 09:55
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/9/2001.
Name of entity Coal of Africa Limited |
ABN 98 088 905 388 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
| Name of Director | David Hugh Brown |
Date of last notice | 13 August 2012 |
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Direct or indirect interest | Direct |
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
| |
Date of change | 30 November 2012 |
No. of securities held prior to change | Nil |
Class | Unlisted options exercisable at GBP0.25 each on or before 30 November 2015 |
Number acquired | 2,500,000
|
Number disposed | Nil
|
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
| Nil |
No. of securities held after change | 2,500,000 unlisted options exercisable at GBP0.25 each on or before 30 November 2015. |
| Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | Options issued to non-executive director as approved by shareholders at Annual General Meeting on 29 November 2012. |
Part 2 - Change of director's interests in contracts
Detail of contract | Letter of appointment as Non-Executive Director |
Nature of interest
| Subject to shareholder approval, Mr Brown was entitled to: 2,500,000 unlisted options, exercisable at GBP0.25 each, to be issued immediately; and 2,500,000 unlisted options exercisable at GBP0.375 each to be issued on the three year anniversary of his appointment date (6 August 2012). |
Name of registered holder (if issued securities)
| David Hugh Brown |
Date of change | 30 November 2012 |
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
| 5,000,000 unlisted options |
Interest acquired | Nil |
Interest disposed | 2,500,000 unlisted options were issued as described in Part 1. |
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
| Nil |
Interest after change | Subject to shareholder approval, Mr Brown is entitled to: 2,500,000 unlisted options exercisable at GBP0.375 each to be issued on the three year anniversary of his appointment date (6 August 2012). |