MC Mining Limited Issue of Equity (7662S)
November 08 2023 - 2:15AM
UK Regulatory
TIDMMCM
RNS Number : 7662S
MC Mining Limited
08 November 2023
ANNOUNCEMENT 8 November 2023
ISSUE OF EQUITY
Further to the announcement made on 27 October 2023, MC Mining
Limited (MC Mining or the Company) confirms the issue of the
balance of equity to a number of senior employees, under the terms
of the Company's shareholder approved Performance Rights
Scheme.
The Company has now received the necessary South African Reserve
Bank approval in respect of the issue of 1,164,240 new Ordinary
Shares to certain members of the Company's management team (the
Management Shares). These shares have been issued on satisfaction
of the vesting conditions for performance rights granted to certain
members of the Company's management team in November 2020.
Application has been made for the 1,164,240 Management Shares to
be admitted to trading on the ASX, AIM and JSE markets (Admission).
Admission on AIM is expected to become effective at 8.00 a.m. on or
around 14 November 2023, and the shares will rank pari passu with
the Company's existing Ordinary Shares.
On Admission, MC Mining's issued share capital shall comprise
407,890,744 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 and the FCA's Disclosure
Guidance and Transparency Rules.
Certain of the Management Shares have been issued to the
following non-Board persons discharging managerial responsibilities
(PDMRs):
PDMR New Ordinary
Shares
Stephen Rowse 121,559
-------------
Florence Duval 255,101
-------------
The notification below, made in accordance with the requirements
of the UK Market Abuse Regulation, provides further detail
regarding the transactions.
This announcement has been approved by the Company's Disclosure
Committee.
For more information contact:
Endeavour Corporate
Tony Bevan Company Secretary Services +61 8 9316 9100
----------------- ------------------- ------------------------------- ------------------
Richard Johnson
/ Rob Patrick 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 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 Issue of vested Performance Rights shares
-------------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
- 121,559
- 255,101
----------
-------------------------------- ------------------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
-------------------------------- ------------------------------------------
e) Date of the transaction 8 November 2023
-------------------------------- ------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------------- ------------------------------------------
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