MC Mining Limited Issue of Shares Under the Performance Rights Plan (9166U)
March 31 2023 - 3:02AM
UK Regulatory
TIDMMCM
RNS Number : 9166U
MC Mining Limited
31 March 2023
ANNOUNCEMENT 31 March 2023
ISSUE OF SHARES UNDER THE PERFORMANCE RIGHTS PLAN
MC Mining Limited (MC Mining or the Company) announces the issue
of 1,983,613 new ordinary shares of no par value in the Company's
capital (Ordinary Shares) subsequent to the receipt of South
African regulatory approval for the issue of the new Ordinary
Shares. The new Ordinary Shares have been issued following the
vesting, on the commissioning of the Vele Colliery coal processing
plant in December 2022, of 1,602,393 special incentive performance
rights. The remaining 381,220 new Ordinary Shares have been issued
following satisfaction of the vesting conditions for performance
rights granted to management in November 2019.
Certain of the Ordinary Shares have been issued to the following
non-Board persons discharging managerial responsibilities
(PDMRs):
PDMR New Ordinary
Shares
Stephen Rowse 288,847
-------------
Florence Duval 557,688
-------------
Admission and Total Voting Rights
A pplication has been made for the new Ordinary Shares to be
admitted to trading on the ASX, AIM and JSE markets ( Admission ).
Admission of the new Ordinary Shares to trading on AIM is expected
to become effective at 8:00 a.m. on or around 3 April 2023 and on
the JSE on or around 9:00 a.m. on 3 April 2023, and the new
Ordinary Shares will rank pari passu with the Company's existing
Ordinary Shares.
On Admission, MC Mining's issued share capital shall comprise
399,665,202 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.
For and on behalf of
MC Mining
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
---------------- ------------------- ------------------------------- ------------------
BSM Sponsors Proprietary 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).
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. Stephen Rowse
2. Florence Duval
-------------------------------- ------------------------------------------
2. Reason for the Notification
----------------------------------------------------------------------------
a) Position/status 1. PDMR (non-Board)
2. PDMR (non-Board)
-------------------------------- ------------------------------------------
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 Limit ed
-------------------------------- ------------------------------------------
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 Issue of vested Performance Rights shares
-------------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
- 1. 288,847
- 2. 557,688
------------
-------------------------------- ------------------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
-------------------------------- ------------------------------------------
e) Date of the transaction 3 1 March 2023
-------------------------------- ------------------------------------------
f) Place of the transaction ASX
-------------------------------- ------------------------------------------
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