TIDMMCM
RNS Number : 7152Y
MC Mining Limited
17 January 2022
ANNOUNCEMENT 17 January 2022
GRANT OF PERFORMANCE RIGHTS TO DIRECTORS
MC Mining Limited (the "Company") confirms the award of
Performance Rights under the Company's Performance Rights Plan to
the directors following the approval of shareholders at the Annual
General Meeting of Shareholders on 14 December 2021 ("AGM").
All seven directors (being Bernard Pryor, Andrew Mifflin, An
Chee Sin, Junchao Liu, Khomotso Mosehla, Brian He Zhen and
Sebastiano Randazzo) were each granted 1,000,000 Incentive
Performance Rights under the Company's Performance Rights Plan. The
Performance Rights are granted as conditional awards over ordinary
shares of no par value for no consideration. The awards will vest
on 30 June 2022 subject to the relevant vesting conditions.
Sebastiano Randazzo, the Company's executive director, was
granted a further 3,871,406 Performance Rights under the Company's
Performance Rights Plan As detailed in the notice of meeting for
the AGM, the 3,871,406 Performance Rights granted was determined by
dividing ZAR4,780,800 (representing the value of the performance
rights granted for the 2021 financial year, being 83% of Mr
Randazzo's fixed remuneration) by the volume weighted average price
of the shares of the Company over the 30 trading days prior to the
approval date of the Performance Rights, being R1.2349. The
Performance Rights are granted as conditional awards over ordinary
shares of no par value for no consideration. The awards will vest
on 31 December 2022 subject to the relevant vesting conditions.
Current Shares and Performance Rights Held by Directors:
Other than the Performance Rights issued above, Mr Pryor holds
7,500 ordinary shares in the Company, which represents 0.005% of
the Company's issued share capital. No other Director previously
held any Performance Rights or ordinary shares.
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.
ASX: MCM / AIM: MCM.L / JSE: MCZ
For more information contact:
Sam Randazzo Interim Chief Executive Officer MC Mining Limited +61 408 945010
Tony Bevan Company Secretary Endeavour Corporate Services +618 9316 9100
Company advisors:
James Harris / James Dance Nominated Adviser Strand Hanson Limited +44 20 7409 3494
Rory Scott Broker (AIM) Tennyson Securities +44 20 7186 9031
James Duncan Financial PR (South Africa) R&A Strategic Communications +27 11 880 3924
Investec Bank 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).
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 Bernard Pryor
----------------------- -----------------------------------------
2. Reason for the notification
------------------------------------------------------------------
a. Position/status Director
----------------------- -----------------------------------------
b. Initial notification Initial Notification
/Amendment
----------------------- -----------------------------------------
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 Performance Rights
of the
Financial instrument,
type
of instrument
Identification
code
----------------------- -----------------------------------------
b. Nature of the Share Grant according to Employee scheme
transaction
----------------------- -----------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) Nil 1,000,000
----------
----------------------- -----------------------------------------
d. Aggregated N/A, single transaction
information
-- Aggregated
volume
-- Price
----------------------- -----------------------------------------
e. Date of the 10 January 2022
transaction
----------------------- -----------------------------------------
f. Place of the Outside of a trading venue
transaction
----------------------- -----------------------------------------
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 Andrew Mifflin
----------------------- -----------------------------------------
2. Reason for the notification
------------------------------------------------------------------
a. Position/status Director
----------------------- -----------------------------------------
b. Initial notification Initial Notification
/Amendment
----------------------- -----------------------------------------
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 Performance Rights
of the
Financial instrument,
type
of instrument
Identification
code
----------------------- -----------------------------------------
b. Nature of the Share Grant according to Employee scheme
transaction
----------------------- -----------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) Nil 1,000,000
----------
----------------------- -----------------------------------------
d. Aggregated N/A, single transaction
information
-- Aggregated
volume
-- Price
----------------------- -----------------------------------------
e. Date of the 10 January 2022
transaction
----------------------- -----------------------------------------
f. Place of the Outside of a trading venue
transaction
----------------------- -----------------------------------------
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 An Chee Sin
----------------------- -----------------------------------------
2. Reason for the notification
------------------------------------------------------------------
a. Position/status Director
----------------------- -----------------------------------------
b. Initial notification Initial Notification
/Amendment
----------------------- -----------------------------------------
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 Performance Rights
of the
Financial instrument,
type
of instrument
Identification
code
----------------------- -----------------------------------------
b. Nature of the Share Grant according to Employee scheme
transaction
----------------------- -----------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) Nil 1,000,000
----------
----------------------- -----------------------------------------
d. Aggregated N/A, single transaction
information
-- Aggregated
volume
-- Price
----------------------- -----------------------------------------
e. Date of the 10 January 2022
transaction
----------------------- -----------------------------------------
f. Place of the Outside of a trading venue
transaction
----------------------- -----------------------------------------
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 Junchao Liu
----------------------- -----------------------------------------
2. Reason for the notification
------------------------------------------------------------------
a. Position/status Director
----------------------- -----------------------------------------
b. Initial notification Initial Notification
/Amendment
----------------------- -----------------------------------------
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 Performance Rights
of the
Financial instrument,
type
of instrument
Identification
code
----------------------- -----------------------------------------
b. Nature of the Share Grant according to Employee scheme
transaction
----------------------- -----------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) Nil 1,000,000
----------
----------------------- -----------------------------------------
d. Aggregated N/A, single transaction
information
-- Aggregated
volume
-- Price
----------------------- -----------------------------------------
e. Date of the 10 January 2022
transaction
----------------------- -----------------------------------------
f. Place of the Outside of a trading venue
transaction
----------------------- -----------------------------------------
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 Khomotso Mosehla
----------------------- -----------------------------------------
2. Reason for the notification
------------------------------------------------------------------
a. Position/status Director
----------------------- -----------------------------------------
b. Initial notification Initial Notification
/Amendment
----------------------- -----------------------------------------
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 Performance Rights
of the
Financial instrument,
type
of instrument
Identification
code
----------------------- -----------------------------------------
b. Nature of the Share Grant according to Employee scheme
transaction
----------------------- -----------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) Nil 1,000,000
----------
----------------------- -----------------------------------------
d. Aggregated N/A, single transaction
information
-- Aggregated
volume
-- Price
----------------------- -----------------------------------------
e. Date of the 10 January 2022
transaction
----------------------- -----------------------------------------
f. Place of the Outside of a trading venue
transaction
----------------------- -----------------------------------------
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 Brian He Zhen
----------------------- -----------------------------------------
2. Reason for the notification
------------------------------------------------------------------
a. Position/status Director
----------------------- -----------------------------------------
b. Initial notification Initial Notification
/Amendment
----------------------- -----------------------------------------
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 Performance Rights
of the
Financial instrument,
type
of instrument
Identification
code
----------------------- -----------------------------------------
b. Nature of the Share Grant according to Employee scheme
transaction
----------------------- -----------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) Nil 1,000,000
----------
----------------------- -----------------------------------------
d. Aggregated N/A, single transaction
information
-- Aggregated
volume
-- Price
----------------------- -----------------------------------------
e. Date of the 10 January 2022
transaction
----------------------- -----------------------------------------
f. Place of the Outside of a trading venue
transaction
----------------------- -----------------------------------------
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 Sebastiano Randazzo
----------------------- -----------------------------------------
2. Reason for the notification
------------------------------------------------------------------
a. Position/status Executive Director
----------------------- -----------------------------------------
b. Initial notification Initial Notification
/Amendment
----------------------- -----------------------------------------
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 Performance Rights
of the
Financial instrument,
type
of instrument
Identification
code
----------------------- -----------------------------------------
b. Nature of the Share Grant according to Employee scheme
transaction
----------------------- -----------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) Nil 1,000,000
Nil 3,871,406
----------
----------------------- -----------------------------------------
d. Aggregated 4,871,406 at nil value.
information
-- Aggregated
volume
-- Price
----------------------- -----------------------------------------
e. Date of the 10 January 2022
transaction
----------------------- -----------------------------------------
f. Place of the Outside of a trading venue
transaction
----------------------- -----------------------------------------
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END
DSHGPUPPGUPPGAM
(END) Dow Jones Newswires
January 17, 2022 10:43 ET (15:43 GMT)
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