BRIEF-Exxaro To Sell Exxaro Coal Central To Overlooked

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BRIEF-Exxaro To Sell Exxaro Coal Central To Overlooked
Credit: © Reuters.

April 9 (Reuters) - Exxaro Resources Ltd EXXJ.J :

* VOLUNTARY ANNOUNCEMENT: DISPOSAL OF THE EQUITY INTEREST IN EXXARO COAL CENTRAL PROPRIETARY LIMITED

* DIVESTMENT PROCESS HAS NOW CULMINATED IN AN AGREEMENT FOR DISPOSAL OF ECC

* SIGNED A DEFINITIVE SALE AND PURCHASE AGREEMENT WITH OVERLOOKED COLLIERY PROPRIETARY

* OVERLOOKED WILL ACQUIRE ALL OF ISSUED SHARES IN, AND SHAREHOLDER CLAIMS AGAINST, ECC

* EXXARO HAS OBTAINED CERTAINTY OF FUNDING FROM OVERLOOKED'S LENDERS TOWARDS SETTLEMENT OF ITS OBLIGATIONS IN TERMS OF ECC TRANSACTION.

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