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RNS Number : 0290I
MC Mining Limited
11 April 2022
GENERAL TEXT AMMENT
The following amendment(s) has (have) been made to the
'(Headline)' announcement released on 11/04/22 at 16:57 under RNS
No 0174I.
Mr Godfrey Gomwe's surname was incorrectly stated as Nene in his
CV.
All other details remain unchanged.
The full amended text is shown below.
ANNOUNCEMENT 11 April 2022
RESULTS OF EXTRAORDINARY GENERAL MEETING & ELECTION OF
DIRECTORS
MC Mining Limited (MC Mining or the Company) advises the outcome
of resolutions put to shareholders at the Company's Extraordinary
General Meeting (Meeting) held today, 11 April 2022.
Results of the Meeting
1. Resolution 1: R emoval of Mr Bernard Pr yor as a Director of
the Company
This resolution is no longer relevant and is therefore
withdrawn.
2. Resolution 2: R emoval of Mr Sebastiano Randazzo as a
Director of the Company
This resolution is no longer relevant and is therefore
withdrawn.
3. Resolution 3: Removal of any Director of the Company
Appointed after the Date of the Requisition
This resolution is no longer relevant and is therefore
withdrawn.
4. Resolution 4: Election of Mr Nhlanhla Nene as a Director
Passed on a poll as an ordinary resolution.
5. Resolution 5: Election of Mr Godfrey Gomwe as a Director
Passed on a poll as an ordinary resolution.
In accordance with Australian Stock Exchange Listing Rule 3.13.2
and Section 251AA(2) of the Corporations Act 2001, the attached
information is provided in relation to the resolutions passed by
members of the Company at the Meeting and proxies received in
respect of each resolution put to shareholders.
Changes to the Board of Directors
Mr Nhlanhla Nene and Mr Godfrey Gomwe were elected as directors
of the Company. Mr Andrew Mifflin and Mr Khomotso Mosehla have
informed the board that they no longer intend to resign their
positions on the board at this stage and there were no other
changes to MC Mining's board of directors.
Neither Mr Nene or Mr Gomwe have been subject to the level of
due diligence required by the AIM Rules for Companies and AIM Rules
for Nominated Advisers (the AIM Rules), or been approved by Strand
Hanson, the Company's Nominated Adviser. Strand Hanson has
commenced this process in-line with its requirements under the AIM
Rules, including commissioning external third party due diligence
reports. Should Strand Hanson determine that either Mr Nene or Mr
Gomwe are not suitable to act as directors of the Company, Strand
Hanson may be forced to consider its position as nominated adviser
to the Company. In the event that Strand Hanson were to resign as
nominated adviser, the Company's ordinary shares would be suspended
from trading on the AIM Market of the London Stock Exchange and,
under the AIM Rules, the Company would then have one month to
replace Strand Hanson as nominated adviser, failing which the
Company's admission to trading on AIM would be cancelled. A further
announcement on the outcome of the director due diligence process
will be made in due course.
Nhlanhla Nene - Non-executive Director
Mr Nene holds a B Comm (Hons) UWC, Certificate in Economics
(UNISA) and a Certificate in Macro and Microeconomics (University
of London). He is a former Minister of Finance of South Africa and
previously also served as Deputy Minister of Finance and Chairman
of the Public Investment Corporation, the largest institutional
investor in South Africa.
During his years in public office he represented South Africa at
a number of multilateral institutions, including the International
Monetary Fund and World Bank. Prior to this he held senior
positions in financial services at Metropolitan Life. He is
currently Chairman of the Supervisory Board of Arise BV (Dutch
based investment company with a focus on Africa) and a
Non-executive Chairman of Thebe Investment Corporation and a
director of Access Bank Plc (South Africa). He also served as
Interim Director and Head of Wits Business School as well as
Honorary Adjunct Professor: Wits Business School.
Godfrey Gomwe - Non-executive Director
Mr Gomwe is a Chartered Accountant (Zimbabwe), holding a B Acc
(UZ) and MBL (UNISA), with over 30 years' experience in the metals
and mining industries. He is the former Chief Executive Officer of
Anglo American Plc's global thermal coal business which included
oversight over the manganese joint venture with BHP. He was
Executive Director of Anglo American South Africa until August 2012
and his roles included Head of Group Business Development: Africa,
Finance Director and Chief Operating Officer of Anglo American
South Africa. Mr Gomwe also served as the Executive Chairman and
Chief Executive of Anglo American Zimbabwe Limited as well as a
number of Anglo American operating boards and executive committees
including Kumba Iron Ore, Anglo American Platinum, Highveld Steel
and Vanadium and Mondi South Africa. Prior to joining Anglo
American in 1999, Godfrey held many Leadership positions and
directorships in listed and unlisted companies.
AUTHORISED BY:
Tony Bevan
Company Secretary
This announcement has been approved by the Company's Disclosure
Committee .
ASX: MCM / AIM: MCM.L / JSE: MCZ
For more information contact:
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).
EXTRAORDINARY GENERAL MEETING - Monday 11(th) April 2022
RESULTS OF MEETING
The following information is provided in accordance with section
251AA(2) of the Corporations Act 2001 (Cth) and ASX Listing Rule
3.13.2
Resolution details Instructions given to validly appointed proxies Number of votes cast on the poll Resolution
(as at proxy close) (where applicable) Result
Resolution Resolution For Against Proxy Abstain For Against Abstain Carried/
Type Discretion Not
Carried
------------ ------------ ----------- ----------- -------- ------------ ----------- -------- -----------
Resolution 1 : Removal of Mr Bernard Pryor as a Director Ordinary N/A N/A N/A N/A N/A N/A N/A Withdrawn
------------ ------------ ----------- ----------- -------- ------------ ----------- -------- -----------
Resolution 2 : Removal of Mr Sam Randazzo as a Director Ordinary N/A N/A N/A N/A N/A N/A N/A Withdrawn
------------ ------------ ----------- ----------- -------- ------------ ----------- -------- -----------
Resolution 3 : Removal of any Director of the Company Ordinary N/A N/A N/A N/A N/A N/A N/A Withdrawn
appointed after the date of the Requisition
------------ ------------ ----------- ----------- -------- ------------ ----------- -------- -----------
Resolution 4 : Election of Mr N Nene as a Director Ordinary 82,862,607 52,356,940 135 747,214 82,862,742 52,356,940 747,214 Carried
61.56% 38.44% 0.00% 61.56% 38.44%
------------------------------------------------------------------------- ------------ ----------- ----------- -------- ------------ ----------- -------- -----------
Resolution 5 : Election of Mr Godfrey Gomwe as a Director Ordinary 122,206,268 14,012,781 135 747,714 122,206,403 14,012,781 747,714 Carried
89.71% 10.29% 0.00% 89.71% 10.29%
------------------------------------------------------------------------- ------------ ----------- ----------- -------- ------------ ----------- -------- -----------
NB. Votes cast by a person who abstains on an item are not
counted in calculating the required majority on a poll.
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END
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April 11, 2022 13:22 ET (17:22 GMT)
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