REG - MC Mining Limited - Second Bidder's Statement - Do Not Accept

MC MiningAnnouncement

14/03/2024 10:00

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RNS Number : 8754G  MC Mining Limited  14 March 2024

ANNOUNCEMENT
                               14 March 2024

 

RECEIPT OF SECOND SUPPLEMENTARY BIDDER'S STATEMENT RELATING TO OFF-MARKET
TAKEOVER BID - DO NOT ACCEPT

MC Mining Limited (ASX: MCM) (Company) advises that it has received a copy of
the Second Supplementary Bidder's Statement dated 14 March 2024 issued by
Goldway Capital Investment Limited (Goldway) in relation to the A$0.16 cash
per share off-market takeover bid by Goldway (Takeover Offer).

The Independent Board Committee (IBC) is reviewing the contents of the Second
Supplementary Bidder's Statement and will provide a formal response in due
course.

Shareholders are reminded that the Takeover Offer remains open until 7pm
(Sydney time) on Friday 5 April 2024 and the IBC recommends that shareholders
take no action in relation to the Takeover Offer until they receive the
Supplementary Target's Statement and accompanying Independent Expert's Report,
which will be released on or before Monday, 18 March 2024.

Should you have any queries regarding the Takeover Offer, please contact
either Tony Bevan, the Company Secretary, on tonyb@westozcorporate.com.au
(mailto:tonyb@westozcorporate.com.au) or call the Target Shareholder Line on
+61 461 444 038 between 9.00am and 7.00pm (Sydney time) on Business Days (if
calling from within Australia) and prior to 1pm (Johannesburg time) and 11am
(London time).

The IBC looks forward to your continuing support as we respond to the Takeover
Offer.

Khomotso Mosehla

Chairman of the IBC

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended.

 

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

 

 For more information contact:
             Tony Bevan                     Company Secretary               Endeavour Corporate Services          +61 42 1072 165
             Company advisers:
             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 (South Africa)     R&A Strategic Communications          +27 11 880 3924
             BSM Sponsors Proprietary 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 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).

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