TerraCom Limited’s Unilateral Takeover Of Universal Coal Plc

Ashurst is advising TerraCom Limited on its unilateral offer of Universal Coal Plc, the terms of which were announced today on the Australian Securities Exchange.

The offer, comprising a mixture of cash and share consideration, is made by TCIG Resources Pte Ltd, a wholly owned subsidiary of TerraCom Limited.

Universal Coal has a portfolio of production, development and exploration assets located across South Africa’s major coalfields.

TerraCom Limited is a coal producer in Australia and focuses on acquiring, building and operating a large portfolio of assets in the resource and energy sector in multiple jurisdictions.

The Ashurst team was led by corporate partners Karen Davies and Nick Terry in London and Melbourne respectively. Senior associate Maria McAlister and associate Demi Pham assisted from London, and senior associates Miao Qun Unsworth-Tang and Wendy Hsu from Australia.

Involved fees earner: Karen Davies – Ashurst; Wendy Hsu – Ashurst; Maria McAlister – Ashurst; Demi Pham – Ashurst; Nick Terry – Ashurst; Miao Qun Unsworth-Tang – Ashurst;

Law Firms: Ashurst;

Clients: TerraCom Limited;