MC Mining Limited Directors' Dealings (2150G)
November 11 2022 - 1:20PM
UK Regulatory
TIDMMCM
RNS Number : 2150G
MC Mining Limited
11 November 2022
11 November 2022
DIRECTORS' DEALINGS
MC Mining Limited (MC Mining or the Company) has been notified
that, following the successful conclusion of its fully underwritten
renounceable rights offer, as announced on 4 November 2022 (the
Rights Issue), and admission to trading of the new ordinary shares
on 9 November 2022, the interests of two of the Company's
non-executive directors, namely Mr Mathews Senosi and Mr Brian He
Zhen, has changed.
-- Senosi Group Investment Holdings Proprietary Limited (SGIH),
an entity that is owned and controlled by Mr Mathews Senosi, a
non-executive director of the Company, acquired an additional
56,993,546 new ordinary shares under the Rights Issue. Following
this, SGIH holds a total of 95,357,4555 ordinary MC Mining shares,
representing 23.98% of the Company's issued capital.
-- A consortium of six parties (collectively the Dendocept
Group) comprising companies, trusts and individuals acquired a
total of 84,596,739 new ordinary MC Mining shares as a result of
the Rights Issue. Golden Archer Investment (Pty) Ltd (Golden
Archer) formed part of the Dendocept Group and Mr Brian He Zhen, a
non-executive director of the Company, indirectly acquired 264,845
ordinary MC Mining shares through his interest in Golden Archer.
This interest equates to a 0.07% interest in MC Mining.
Further details are provided in the below PDMR Notification
Forms, announced in accordance with Article 19 of the Market Abuse
Regulation (EU) 596/2014 as it forms part of United Kingdom
domestic law by virtue of the European Union (Withdrawal) Act 2018,
as amended.
Further details on the holdings are available on the Company's
website www.mcmining.co.za.
For and on behalf of
MC Mining Limited
Tony Bevan
Company Secretary
For more information contact:
Endeavour Corporate
Tony Bevan Company Secretary 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
---------------- ------------------- ------------------------------- ------------------
Financial PR
Marion Brower (SA) R&A Strategic Communications +27 11 880 3924
---------------- ------------------- ------------------------------- ------------------
Investec Bank 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).
PDMR Notification Form s :
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mathews Senosi
-------------------------------- -----------------------------------
2. Reason for the Notification
---------------------------------------------------------------------
a) Position/status Director
-------------------------------- -----------------------------------
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 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 of the Financial Ordinary Shares
instrument, type of instrument
-------------------------------- -----------------------------------
Identification code AU000000MCM9
-------------------------------- -----------------------------------
b) Nature of the Transaction Acquisition of new ordinary shares
in Rights Issue
-------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
A$0.20 56,993,546
-----------
-------------------------------- -----------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
-------------------------------- -----------------------------------
e) Date of the transaction 8 November 2022
-------------------------------- -----------------------------------
f) Place of the transaction ASX
-------------------------------- -----------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Brian He Zhen and his spouse
-------------------------------- -----------------------------------
2. Reason for the Notification
---------------------------------------------------------------------
a) Position/status Director
-------------------------------- -----------------------------------
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 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 of the Financial Ordinary Shares
instrument, type of instrument
-------------------------------- -----------------------------------
Identification code AU000000MCM9
-------------------------------- -----------------------------------
b) Nature of the Transaction Acquisition of new ordinary shares
in Rights Issue
-------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
A$0.20 264,845
----------
-------------------------------- -----------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
-------------------------------- -----------------------------------
e) Date of the transaction 8 November 2022
-------------------------------- -----------------------------------
f) Place of the transaction ASX
-------------------------------- -----------------------------------
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END
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