We refer to the communiqué released on 9th July 2014 by Shumba Coal Limited (“the Company”) regarding the announcement of results of the Private Placement in Mauritius and the proposed listing date for the new Ordinary shares on or about 13th August 2014. The Directors of the Company wish to inform investors and the public in general that the Company is undertaking the necessary actions for completion of regulatory approval processes as per the requirements of the Listing Requirements of the Botswana Stock Exchange (“BSE”), on which the Company is primarily listed. Hence, the listing of the new Ordinary Shares has been delayed. A circular to investors, to be issued in terms of the Listing Requirements of the BSE, is expected to be distributed to investors within the next week and this will contain specific disclosures related to the private placement, together with an updated timetable and that investors should be guided accordingly.
The Company will keep investors and the public in general informed of the revised calendar in due course by way of a communiqué.
By order of the Board
International Financial Services Limited
This 12th August 2014
This Communiqué is issued pursuant to DEM Rules 21 and 24.
The Board of Directors of the Company accepts full responsibility for the accuracy of the information contained in this Communiqué.