MC Mining Limited Second Bidder's Statement - Do Not Accept
March 14 2024 - 5:51AM
RNS Regulatory News
RNS Number : 8754G
MC Mining Limited
14 March 2024
ANNOUNCEMENT
14 March 2024
RECEIPT OF SECOND
SUPPLEMENTARY BIDDER'S STATEMENT RELATING TO OFF-MARKET TAKEOVER
BID - DO NOT ACCEPT
MC Mining Limited (ASX: MCM) (Company) advises that it has received a
copy of the Second Supplementary Bidder's Statement dated 14 March
2024 issued by Goldway Capital Investment
Limited (Goldway)
in relation to the A$0.16
cash per share off-market takeover bid by Goldway (Takeover Offer).
The Independent Board Committee
(IBC) is reviewing the
contents of the Second Supplementary Bidder's Statement and will
provide a formal response in due course.
Shareholders are reminded that the
Takeover Offer remains open until 7pm (Sydney time) on Friday 5
April 2024 and the IBC recommends that shareholders take no action
in relation to the Takeover Offer until they receive the
Supplementary Target's Statement and accompanying Independent
Expert's Report, which will be released on or before Monday, 18
March 2024.
Should you have any queries
regarding the Takeover Offer, please contact either Tony Bevan, the
Company Secretary, on tonyb@westozcorporate.com.au
or call the Target
Shareholder Line on +61 461 444 038 between 9.00am and 7.00pm
(Sydney time) on Business Days (if calling from within Australia)
and prior to 1pm (Johannesburg time) and 11am (London
time).
The IBC looks forward to your
continuing support as we respond to the Takeover Offer.
Khomotso Mosehla
Chairman of the IBC
The
information contained within this announcement is deemed by the
Company to constitute inside information as stipulated under the
Market Abuse Regulation (EU) No. 596/2014 as it forms part of
United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018, as amended.
This announcement has been approved
for release by the Company's Disclosure Committee.
For
more information contact:
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Tony Bevan
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Company Secretary
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Endeavour Corporate
Services
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+61 42 1072 165
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Company advisers:
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Richard Johnson / Rob
Patrick
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Nominated Adviser
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Strand Hanson Limited
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+44 20 7409 3494
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Rory Scott
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Broker (AIM)
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Tennyson Securities
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+44 20 7186 9031
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Marion Brower
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Financial PR (South
Africa)
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R&A Strategic
Communications
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+27 11 880 3924
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BSM Sponsors Proprietary Limited is
the nominated JSE Sponsor
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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).
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END
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