MC Mining Limited Issue of Shares Under Performance Rights Plan (6874L)
May 17 2022 - 2:01AM
UK Regulatory
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RNS Number : 6874L
MC Mining Limited
17 May 2022
ANNOUNCEMENT 17 May 2022
ISSUE OF SHARES UNDER PERFORMANCE RIGHTS PLAN
Further to its announcement on 28 April 2022, MC Mining Limited
(MC Mining or the Company) confirms that it has now issued
4,871,406 new ordinary shares of no par value in the Company's
capital (Ordinary Shares) (the Performance Rights Shares) to its
former Interim Chief Executive Officer (CEO), Mr Sam Randazzo.
The 4,871,406 Performance Rights Shares have been issued to Mr
Randazzo in accordance with the Company's Performance Rights Plan
as announced at the time of his resignation as Interim CEO and
Executive Director.
Admission and Total Voting Rights
A pplication has been made for the Performance Rights Shares to
be admitted to trading on the ASX, AIM and JSE markets ( Admission
). Admission of the Performance Rights Shares to trading on AIM is
expected to become effective at 8:00 a.m. on or around 20 May 2022,
and the Performance Rights Shares will rank pari passu with the
Company's existing Ordinary Shares.
On Admission, MC Mining's issued share capital shall comprise
197,654,870 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.
Authorised by
Tony Bevan
Company Secretary
This announcement has been approved by the Company's Disclosure
Committee.
For more information contact:
Godfrey Gomwe CEO MC Mining Limited +27 10 003 8000
Tony Bevan Company Secretary Endeavour Corporate Services +61 8 9316 9100
Company advisors:
James Harris / James Dance Nominated Adviser Strand Hanson Limited +44 20 7409 3494
Rory Scott Broker (AIM) Tennyson Securities Limited +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).
Statements of intention
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END
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