Oct 26 (Reuters) - Universal Coal PLC UNV.AX :
* UNIVERSAL COAL PLC - RECEIVED OFFER FROM A CONSORTIUM OF INVESTORS LED BY ATA RESOURCES PROPRIETARY FOR A CASH CONSIDERATION OF AUD0.35/UNIVERSAL SHARE
* UNIVERSAL COAL PLC - FORMED A COMMITTEE OF DIRECTORS THAT ARE CONSIDERED TO BE INDEPENDENT WITH RESPECT TO ATA TRANSACTION
* UNIVERSAL COAL PLC - COMMITTEE CONSIDERS IT IS IN BEST INTERESTS OF CO'S SHAREHOLDERS TO CONTINUE TO ENGAGE WITH ATA RESOURCES AND CONSORTIUM