REG - MC Mining Limited - Issue of Equity

MC MiningAnnouncement

08/11/2023 07:15

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RNS Number : 7662S  MC Mining Limited  08 November 2023

 ANNOUNCEMENT
8 November 2023

ISSUE OF EQUITY

 

Further to the announcement made on 27 October 2023, MC Mining Limited (MC
Mining or the Company) confirms the issue of the balance of equity to a number
of senior employees, under the terms of the Company's shareholder approved
Performance Rights Scheme.

 

The Company has now received the necessary South African Reserve Bank approval
in respect of the issue of 1,164,240 new Ordinary Shares to certain members of
the Company's management team (the Management Shares). These shares have been
issued on satisfaction of the vesting conditions for performance rights
granted to certain members of the Company's management team in November
2020.

Application has been made for the 1,164,240 Management Shares to be admitted
to trading on the ASX, AIM and JSE markets (Admission). Admission on AIM is
expected to become effective at 8.00 a.m. on or around 14 November 2023, and
the shares will rank pari passu with the Company's existing Ordinary Shares.

 

On Admission, MC Mining's issued share capital shall comprise 407,890,744
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 Management Shares have been issued to the following non-Board
persons discharging managerial responsibilities (PDMRs):

 PDMR            New Ordinary Shares
 Stephen Rowse   121,559
 Florence Duval  255,101

 

The notification below, made in accordance with the requirements of the UK
Market Abuse Regulation, provides further detail regarding the transactions.

 

This announcement has been approved by the Company's Disclosure Committee.

 

For more information contact:

 Tony Bevan                     Company Secretary  Endeavour Corporate Services      +61 8 9316 9100
 Richard Johnson / Rob Patrick  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
 BSM Sponsors Proprietary 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).

 

 

 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)  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                                    Issue of vested Performance Rights shares
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  -    121,559

                                                                  -    255,101
 d)  Aggregated information                                       N/A (Single transaction)

     Aggregated volume Price
 e)  Date of the transaction                                      8 November 2023

 f)  Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

8 November 2023
 

f)

Place of the transaction

Outside of a trading venue

 

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