TIDMATC

RNS Number : 6558H

Atlantic Coal PLC

02 December 2015

2 December 2015

Atlantic Coal plc ("Atlantic Coal" or the "Company")

Notice of requisition of General Meeting

The Board of Atlantic Coal (the "Board"), the AIM listed anthracite coal mining company operating in Pennsylvania, USA, announces that on 1 December 2015 the Company received a letter from Stuart James Thomas (the "Requisitioner"), a shareholder in the Company, requiring that the Board convene a general meeting of the Company's shareholders (the "General Meeting") at the Company's registered office within 28 days of 1 December 2015.

The purpose of the General Meeting is to discuss and vote on the following two resolutions:

   --     "The Company is delisted from the AIM stock market"

-- "It is hereby proposed that the Company's name be changed to Atlantic Carbon PLC with immediate effect and that notice of the Change of Name of the Company be filed at Companies House."

The Requisitioner's letter further informed the Company that the Requisitioner is the holder of a total of 378,070,513 ordinary shares in the capital of the Company, which represents 7.70% of the Company's issued ordinary share capital.

The Board of Atlantic Coal is currently seeking advice in relation to the validity of the letter.

Shareholders should note that pursuant to AIM Rule 41, a cancellation of the admission of the Company's ordinary shares to trading on AIM via the approval of shareholders ("Cancellation") will require the securing of a resolution of shareholders passed by a requisite majority, being not less than 75% of the votes cast by shareholders (in person or by proxy) at a general meeting. Such a Cancellation pursuant to AIM Rule 41 can only take place after the expiration of a period of twenty business days from the date on which formal notice of the Cancellation is given. In addition, a period of at least five business days following the shareholder approval of the Cancellation is required before the Cancellation may be put into effect.

The Company will make a further announcement in due course.

**ENDS**

For further information on the Company, visit: www.atlanticcoal.com or contact:

 
 Steve Best        Atlantic Coal plc   Tel: 0191 386 
                                        6392 
 Nick Naylor       Allenby Capital     Tel: 020 3328 
                    Limited             5656 
 John Depasquale   Allenby Capital     Tel: 020 3328 
                    Limited             5656 
 Alex Brearley     Allenby Capital     Tel: 020 3328 
                    Limited             5656

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 02, 2015 02:00 ET (07:00 GMT)

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