REG - MC Mining Limited - Issue of Shares Under the Performance Rights Plan

MC MiningAnnouncement

31/03/2023 08:15

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RNS Number : 9166U  MC Mining Limited  31 March 2023

ANNOUNCEMENT
31 March 2023

ISSUE OF SHARES UNDER THE PERFORMANCE RIGHTS PLAN

MC Mining Limited (MC Mining or the Company) announces the issue of
1,983,613 new ordinary shares of no par value in the Company's capital
(Ordinary Shares) subsequent to the receipt of South African regulatory
approval for the issue of the new Ordinary Shares. The new Ordinary Shares
have been issued following the vesting, on the commissioning of the Vele
Colliery coal processing plant in December 2022, of 1,602,393 special
incentive performance rights. The remaining 381,220 new Ordinary Shares have
been issued following satisfaction of the vesting conditions for performance
rights granted to management in November 2019.

Certain of the Ordinary Shares have been issued to the following non-Board
persons discharging managerial responsibilities (PDMRs):

 PDMR            New Ordinary Shares
 Stephen Rowse   288,847
 Florence Duval  557,688

 

Admission and Total Voting Rights

Application has been made for the new Ordinary Shares to be admitted to
trading on the ASX, AIM and JSE markets (Admission). Admission of the new
Ordinary Shares to trading on AIM is expected to become effective at 8:00 a.m.
on or around 3 April 2023 and on the JSE on or around 9:00 a.m. on 3 April
2023, and the new Ordinary Shares will rank pari passu with the Company's
existing Ordinary Shares.

On Admission, MC Mining's issued share capital shall comprise 399,665,202
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 or the FCA's
Disclosure Guidance and Transparency Rules.

For and on behalf of

MC Mining

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
 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 Limit ed
 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)
                                                                  -    1. 288,847

                                                                  -    2. 557,688
 d)  Aggregated information                                       N/A (Single transaction)

     Aggregated volume Price
 e)  Date of the transaction                                      31 March 2023

 f)  Place of the transaction                                     ASX

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

31 March 2023
 

f)

Place of the transaction

ASX

 

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