News: UNV Universal Coal Gets Draft Revised Commitment To Make Conditional Offer From Ata Resources

April 8 (Reuters) - Universal Coal Plc (UNV) :

• RECEIVED A DRAFT REVISED COMMITMENT TO MAKE A CONDITIONAL OFFER FROM ATA RESOURCES ON BEHALF OF CONSORTIUM
• INTERIM DIVIDEND OF A$0.02 PER SHARE UNFRANKED HAS BEEN DECLARED
• INTERIM DIVIDEND OF A$0.02 PER SHARE UNFRANKED HAS BEEN DECLARED
• REVISED OFFER IMPROVES CASH CONSIDERATION PER UNIVERSAL SHARE FROM A$0.35 TO A$0.36
• UNIVERSAL COAL SAYS GETS NON BINDING INDICATIVE OFFER FROM AFRIMAT; AFRIMAT PROPOSES TO OFFER CASH CONSIDERATION OF A$0.40 FOR EACH UNIVERSAL SHARE
• OFFER INCLUDES OPTION FOR CO SHAREHOLDERS & HOLDERS OF CO'S CDIS TO ELECT FOR DEFERRED CONSIDERATION NOTES, REDEEMABLE AT A$0.43/SHARE
• SAYS DIRECTORS HAVE DECIDED TO ENGAGE WITH AFRIMAT ON OFFER, FACILITATE A DUE DILIGENCE PROCESS
• SAYS DIRECTORS HAVE DECIDED TO ENGAGE WITH AFRIMAT ON OFFER, FACILITATE A DUE DILIGENCE PROCESS

Source text: http://bit.ly/2OY7umq

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