VESTING OF PERFORMANCE RIGHTS, ISSUE OF
EQUITY AND PDMR DEALINGS
Goldway Capital Investment Limited
(Goldway) completed an
off-market takeover process (Takeover) on 30 April 2024 for all of
the ordinary shares in MC Mining Limited (MC Mining or the Company) not already owned by Goldway
or its associates. Together with acceptances received under the
Takeover, Goldway and its associates have disclosed a combined
relevant interest representing 93.05% of the Company's issued
ordinary share capital.
In terms of the provisions of the
Company's Performance Rights Plan Rules, the Board of MC Mining
determined that the completion of the Takeover resulted in a change
of control of the Company for the purposes of the vesting of
6,122,605 Performance
Rights previously granted to senior MC Mining employees. The
Performance Rights were granted in accordance with terms of the
shareholder approved Performance Rights Plan and results, following
the change of control, in the issue of, in aggregate,
6,122,605 new ordinary
shares of no par value in the capital of the Company (the
Performance Rights
Shares), including
Performance Rights Shares issued to certain persons discharging managerial responsibilities (PDMRs).
Issue and Admission of the Performance Rights
Shares
Application has been made for the Performance Rights Shares to be admitted
to trading on the ASX, AIM and JSE markets (Admission). Admission of the
Performance Rights Shares to trading on AIM is expected to become
effective at 8:00 a.m. on or around 28 May 2024. The Performance
Rights Shares will rank pari
passu with the Company's existing ordinary
shares.
On Admission, MC Mining's issued
share capital shall comprise 414,013,349 ordinary shares. 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 ASX Listing
Rules and the FCA's Disclosure Guidance and Transparency
Rules.
Certain of the Performance Rights
Shares have been issued to the following non-Board
PDMRs:
|
PDMR
|
Performance Rights
Shares
|
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Stephen Rowse
|
1,196,203
|
|
Florence Duval
|
1,226,604
|
The notification below, made in
accordance with the requirements of the UK Market Abuse Regulation,
provides further detail.
This announcement has been approved
by the Company's Disclosure Committee.
|
For
more information contact:
|
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Bill Pavlovski
|
Company Secretary
|
Vision Corporate (Pty) Ltd
|
bill.pavlovski@mcmining.co.za
|
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Company advisers:
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Richard Johnson / Rob
Patrick
|
Nominated Adviser
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Strand Hanson Limited
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+44 20 7409 3494
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Rory Scott
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Broker (AIM)
|
Tennyson Securities
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+44 20 7186 9031
|
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Marion Brower
|
Financial PR (South
Africa)
|
R&A Strategic
Communications
|
+27 11 880 3924
|
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BSM Sponsors Proprietary Limited is
the nominated JSE Sponsor
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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 and thermal coal), Makhado Project (hard coking
coal), Vele Colliery (semi-soft coking and thermal coal), and the
Greater Soutpansberg Projects (coking and thermal coal).
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
1. Stephen
Rowse
2. Florence
Duval
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position/status
|
1. PDMR
(non-Board)
2. PDMR
(non-Board)
|
|
b)
|
Initial
notification/amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
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Name
|
MC Mining Limited
|
|
b)
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LEI
|
213800G6YDVUTU9NEP37
|
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4.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv)each place where transactions have been
conducted
|
|
a)
|
Description of the Financial
instrument, type of instrument
|
Ordinary Shares
|
|
Identification code
|
AU000000MCM9
|
|
b)
|
Nature of the Transaction
|
Issue of vested Performance Rights
shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
-
-
|
1. 1,196,203
2. 1,226,604
|
|
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d)
|
Aggregated information
Aggregated volume Price
|
N/A (Single transaction)
|
|
e)
|
Date of the transaction
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28 May 2024
|
|
f)
|
Place of the transaction
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Outside of a trading
venue
|
