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DJ Clean Invest Africa Plc GM Result and Admission to Trading

 
TIDMCIA 
 
4 July 2019 
 
                            Clean Invest Africa plc 
 
                           ("CIA" or the "Company") 
 
              Result of General Meeting and Admission to Trading 
 
Approval of acquisition of CoalTech Limited and Coal Agglomeration South Africa 
                                   (Pty) Ltd 
 
                              ("CoalTech Group") 
 
The Company is pleased to announce that at the General Meeting of the Company 
held today, all resolutions were duly passed. 
 
Admission will become effective today and trading in the Ordinary Shares will 
commence at 8.00 a.m. 
 
It has come to the Company's attention that a member of the Concert Party who 
was deemed to be a Non- SA Vendor pursuant to the Acquisition, has been 
reclassified as a SA Resident Vendor. Accordingly, Consideration Shares of 
49,391,382 to Jan Batist De Wachter are expected to be issued on about 30 
August 2019, instead of presently. There is no change to the overall number of 
Consideration Shares to be issued. 
 
Pursuant to the Acquisition, and taking into account Mr De Wachter's 
Consideration Shares, 731,022,842 new Ordinary Shares have been issued. The 
remaining 256,845,316 SA Resident Vendor Consideration Shares are expected to 
be issued on about 30 August 2019. A further announcement will be made in due 
course. At a deemed Acquisition value including the SA Resident Vendor 
Consideration Shares, based on 2.75 pence per Share, the Company has a 
valuation of approximately GBP31,000,000. 
 
A copy of the Admission Document is available at:  https:// 
www.cleaninvestafrica.com/. 
 
Following the issue of the 731,022,842 Non-SA Resident Vendor Consideration 
Shares, there are now 892,122,842 Ordinary Shares of GBP0.0025 each in issue. 
This figure may be used by Shareholders in the Company as the denominator for 
the calculations by which they will determine if they are required to notify 
their interest in, or a change in their interest in, the share capital of the 
Company under the FCA's Disclosure and Transparency Rules. 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
ENQUIRIES: 
 
Company 
 
Clean Invest Africa PLC 
 
Noel Lyons/Paul Ryan 
 
Telephone: +44 7912 514 809/ +32 475 754 148 
 
Corporate Adviser 
 
Peterhouse Capital Limited 
 
Guy Miller/Mark Anwyl 
 
Telephone: 020 7220 9795 
 
 
 
END 
 

(END) Dow Jones Newswires

July 04, 2019 02:00 ET (06:00 GMT)