MC Mining Limited ISSUE OF SHARES (9586C)
14 February 2020 - 1:18AM
UK Regulatory
TIDMMCM
RNS Number : 9586C
MC Mining Limited
13 February 2020
ANNOUNCEMENT 13 February 2020
ISSUE OF SHARES
Further to the 10 February 2020 announcement, MC Mining Limited
("MC Mining" or the "Company") confirms a share placement to its
former Chief Executive Officer ("CEO"), Mr David Brown. The 208,537
shares have been issued to Mr Brown in lieu of his six-month notice
period following his resignation as CEO and Executive Director.
The issue of the shares does not require MC Mining shareholder
approval or any other consents. Application has been made for the
shares to be admitted to trading on the AIM market of the London
Stock Exchange ("AIM"). Admission to trading on AIM is expected to
become effective on or around 19 February 2020 and the shares will
rank pari passu with the Company's existing ordinary shares of nil
par value. Application for quotation of the shares has also been
made to the Australian Securities Exchange and the Main Board of
the JSE Limited.
Following admission of the shares, MC Mining will have
141,088,122 shares on issue. This figure may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's Disclosure Guidance and Transparency
Rules.
Authorised by
Tony Bevan
Company Secretary
For more information contact:
Brenda Berlin CFO and Acting CEO MC Mining Limited +27 10 003 8000
Tony Bevan Company Secretary Endeavour Corporate Services +61 08 9316 9100
Company advisors:
Ross Allister/David McKeown Nominated Adviser and Broker Peel Hunt LLP +44 20 7418 8900
Charmane Russell/Olwen Auret Financial PR (South Africa) R&A Strategic Communications +27 11 880 3924
Investec Bank Limited is the nominated JSE Sponsor
About MC Mining Limited:
MC Mining is an AIM/ASX/JSE listed coal exploration, development
and mining company operating in South Africa. MC Mining's key
projects include the Uitkomst Colliery (metallurgical coal),
Makhado Project (hard coking coal and thermal coal by-product).
Vele Colliery (coking and thermal coal), and the Greater
Soutpansberg Projects (coking and thermal coal).
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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