REG - MC Mining Limited - Directors' Dealings

MC MiningAnnouncement

11/11/2022 18:30

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RNS Number : 2150G  MC Mining Limited  11 November 2022

11 November 2022

DIRECTORS' DEALINGS

MC Mining Limited (MC Mining or the Company) has been notified that, following
the successful conclusion of its fully underwritten renounceable rights offer,
as announced on 4 November 2022 (the Rights Issue), and admission to trading
of the new ordinary shares on 9 November 2022, the interests of two of the
Company's non-executive directors, namely Mr Mathews Senosi and Mr Brian He
Zhen, has changed.

 

·    Senosi Group Investment Holdings Proprietary Limited (SGIH), an
entity that is owned and controlled by Mr Mathews Senosi, a non-executive
director of the Company, acquired an additional 56,993,546 new ordinary shares
under the Rights Issue. Following this, SGIH holds a total of 95,357,4555
ordinary MC Mining shares, representing 23.98% of the Company's issued
capital.

·    A consortium of six parties (collectively the Dendocept Group)
comprising companies, trusts and individuals acquired a total of 84,596,739
new ordinary MC Mining shares as a result of the Rights Issue. Golden Archer
Investment (Pty) Ltd (Golden Archer) formed part of the Dendocept Group and Mr
Brian He Zhen, a non-executive director of the Company, indirectly acquired
264,845 ordinary MC Mining shares through his interest in Golden Archer. This
interest equates to a 0.07% interest in MC Mining.

Further details are provided in the below PDMR Notification Forms, announced
in accordance with Article 19 of the Market Abuse Regulation (EU) 596/2014 as
it forms part of United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018, as amended.

Further details on the holdings are available on the Company's website
www.mcmining.co.za.

For and on behalf of

 

MC Mining Limited

Tony Bevan

Company Secretary

 

For more information contact:

 Tony Bevan                  Company Secretary  Endeavour Corporate Services      +61 08 9316 9100
 James Harris / James Dance  Nominated Adviser  Strand Hanson Limited             +44 20 7409 3494
 Rory Scott                  Broker (AIM)       Tennyson Securities               +44 20 7186 9031
 Marion Brower               Financial PR (SA)  R&A Strategic Communications      +27 11 880 3924
 Investec Bank Limited is the nominated JSE Sponsor

About MC Mining

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).

PDMR Notification Forms:

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Mathews Senosi
 2.  Reason for the Notification
 a)  Position/status                                              Director
 b)  Initial notification/amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         MC Mining Limited
 b)  LEI                                                          213800G6YDVUTU9NEP37
 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                                    Acquisition of new ordinary shares in Rights Issue
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  A$0.20    56,993,546
 d)  Aggregated information                                       N/A (Single transaction)

     Aggregated volume Price
 e)  Date of the transaction                                      8 November 2022
 f)  Place of the transaction                                     ASX

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

8 November 2022

f)

Place of the transaction

ASX

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Brian He Zhen and his spouse
 2.  Reason for the Notification
 a)  Position/status                                              Director
 b)  Initial notification/amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         MC Mining Limited
 b)  LEI                                                          213800G6YDVUTU9NEP37
 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                                    Acquisition of new ordinary shares in Rights Issue
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  A$0.20    264,845
 d)  Aggregated information                                       N/A (Single transaction)

     Aggregated volume Price
 e)  Date of the transaction                                      8 November 2022
 f)  Place of the transaction                                     ASX

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

8 November 2022

f)

Place of the transaction

ASX

 

 

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