BRIEF-Wescoal Expects EBITDA To Be In A Range Of Between R120m And R130m For Q3'FY21

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BRIEF-Wescoal Expects EBITDA To Be In A Range Of Between R120m And R130m For Q3'FY21
Credit: © Reuters.

Jan 25 (Reuters) - Wescoal Holdings Ltd WSLJ.J :

* JSE: WSL - VOLUNTARY UPDATE AND EXECUTIVE MANAGEMENT CHANGES

* WESCOAL HOLDINGS - EXPECTS EBITDA TO BE IN A RANGE OF BETWEEN R120M AND R130M FOR Q3'FY21

* WESCOAL HOLDINGS - REGINALD DEMANA, GROUP'S CHIEF EXECUTIVE OFFICER (CEO) AND EXECUTIVE DIRECTOR, HAS RESIGNED, FOR PERSONAL REASONS

* WESCOAL HOLDINGS - WILL COMMENCE WITH PROCESS TO APPOINT A NEW GROUP CEO

* WESCOAL HOLDINGS - ANNOUNCE JUBILANT SPECKMAN'S PERMANENT APPOINTMENT AS GROUP CFO AND EXECUTIVE DIRECTOR WITH EFFECT FROM 1 FEBRUARY 2021

* WESCOAL HOLDINGS - QTRLY GROUP MINING PRODUCTION WAS 34% LOWER THAN PREVIOUS QUARTER

* WESCOAL HOLDINGS - QTRLY MINING SALES WERE 10% LOWER THAN PRECEDING QUARTER DUE TO LOWER ESKOM DEMAND OVER DECEMBER 2020 HOLIDAY PERIOD

* WESCOAL HOLDINGS - IN SHORT TO MEDIUM TERM, COMPANY WILL NOT BE PURSUING ANY MAJOR ACQUISITIONS

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