Wrap Text
Grant of performance rights to directors
MC Mining Limited
Previously Coal of Africa Limited
(Incorporated and registered in Australia)
Registration number ABN 008 905 388
ISIN AU000000MCM9
JSE share code: MCZ
ASX/AIM code: MCM
ANNOUNCEMENT
GRANT OF PERFORMANCE RIGHTS TO DIRECTORS 17 January 2022
MC Mining Limited (the “Company") confirms the award of Performance Rights under the Company’s
Performance Rights Plan to the directors following the approval of shareholders at the Annual General
Meeting of Shareholders on 14 December 2021 (“AGM”).
All seven directors (being Bernard Pryor, Andrew Mifflin, An Chee Sin, Junchao Liu, Khomotso
Mosehla, Brian He Zhen and Sebastiano Randazzo) were each granted 1,000,000 Incentive
Performance Rights under the Company’s Performance Rights Plan. The Performance Rights are
granted as conditional awards over ordinary shares of no par value for no consideration. The awards
will vest on 30 June 2022 subject to the relevant vesting conditions.
Sebastiano Randazzo, the Company’s executive director, was granted a further 3,871,406
Performance Rights under the Company’s Performance Rights Plan As detailed in the notice of
meeting for the AGM, the 3,871,406 Performance Rights granted was determined by dividing
ZAR4,780,800 (representing the value of the performance rights granted for the 2021 financial year,
being 83% of Mr Randazzo’s fixed remuneration) by the volume weighted average price of the shares
of the Company over the 30 trading days prior to the approval date of the Performance Rights, being
R1.2349. The Performance Rights are granted as conditional awards over ordinary shares of no par
value for no consideration. The awards will vest on 31 December 2022 subject to the relevant vesting
conditions.
Current Shares and Performance Rights Held by Directors:
Other than the Performance Rights issued above, Mr Pryor holds 7,500 ordinary shares in the
Company, which represents 0.005% of the Company’s issued share capital. No other Director
previously held any Performance Rights or ordinary shares.
The notification below, made in accordance with the requirements of the UK Market Abuse
Regulation, provides further detail.
This announcement has been approved by the Company’s Disclosure Committee.
ASX: MCM / AIM: MCM.L / JSE: MCZ
For more information contact:
Sam Randazzo Interim Chief Executive MC Mining Limited +61 408 945010
Officer
Tony Bevan Company Secretary Endeavour Corporate +618 9316 9100
Services
Company advisors:
James Harris / James Dance Nominated Adviser Strand Hanson Limited +44 20 7409 3494
Rory Scott Broker (AIM) Tennyson Securities +44 20 7186 9031
James Duncan Financial PR (South R&A Strategic +27 11 880 3924
Africa) Communications
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).
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Bernard Pryor
2. Reason for the notification
a. Position/status Director
b. Initial notification Initial Notification
/Amendment
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 Performance Rights
Financial instrument,
type
of instrument
Identification code
b. Nature of the Share Grant according to Employee scheme
transaction
c. Price(s) and volume(s) Price(s) Volume(s)
Nil 1,000,000
d. Aggregated information N/A, single transaction
- Aggregated volume
- Price
e. Date of the transaction 10 January 2021
f. Place of the transaction Outside of a trading venue
1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Andrew Mifflin
2. Reason for the notification
a. Position/status Director
b. Initial notification Initial Notification
/Amendment
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 Performance Rights
Financial instrument,
type
of instrument
Identification code
b. Nature of the Share Grant according to Employee scheme
transaction
c. Price(s) and volume(s) Price(s) Volume(s)
Nil 1,000,000
d. Aggregated information N/A, single transaction
- Aggregated volume
- Price
e. Date of the transaction 10 January 2021
f. Place of the transaction Outside of a trading venue
1. Details of the person discharging managerial responsibilities / person closely associated
a. Name An Chee Sin
2. Reason for the notification
a. Position/status Director
b. Initial notification Initial Notification
/Amendment
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 Performance Rights
Financial instrument,
type
of instrument
Identification code
b. Nature of the Share Grant according to Employee scheme
transaction
c. Price(s) and volume(s) Price(s) Volume(s)
Nil 1,000,000
d. Aggregated information N/A, single transaction
- Aggregated volume
- Price
e. Date of the transaction 10 January 2021
f. Place of the transaction Outside of a trading venue
1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Junchao Liu
2. Reason for the notification
a. Position/status Director
b. Initial notification Initial Notification
/Amendment
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 Performance Rights
Financial instrument,
type
of instrument
Identification code
b. Nature of the Share Grant according to Employee scheme
transaction
c. Price(s) and volume(s) Price(s) Volume(s)
Nil 1,000,000
d. Aggregated information N/A, single transaction
- Aggregated volume
- Price
e. Date of the transaction 10 January 2021
f. Place of the transaction Outside of a trading venue
1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Khomotso Mosehla
2. Reason for the notification
a. Position/status Director
b. Initial notification Initial Notification
/Amendment
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 Performance Rights
Financial instrument,
type
of instrument
Identification code
b. Nature of the Share Grant according to Employee scheme
transaction
c. Price(s) and volume(s) Price(s) Volume(s)
Nil 1,000,000
d. Aggregated information N/A, single transaction
- Aggregated volume
- Price
e. Date of the transaction 10 January 2021
f. Place of the transaction Outside of a trading venue
1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Brian He Zhen
2. Reason for the notification
a. Position/status Director
b. Initial notification Initial Notification
/Amendment
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 Performance Rights
Financial instrument,
type
of instrument
Identification code
b. Nature of the Share Grant according to Employee scheme
transaction
c. Price(s) and volume(s) Price(s) Volume(s)
Nil 1,000,000
d. Aggregated information N/A, single transaction
- Aggregated volume
- Price
e. Date of the transaction 10 January 2021
f. Place of the transaction Outside of a trading venue
1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Sebastiano Randazzo
2. Reason for the notification
a. Position/status Executive Director
b. Initial notification Initial Notification
/Amendment
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 Performance Rights
Financial instrument,
type
of instrument
Identification code
b. Nature of the Share Grant according to Employee scheme
transaction
c. Price(s) and volume(s) Price(s) Volume(s)
Nil 1,000,000
Nil 3,871,406
d. Aggregated information 4,871,406 at nil value.
- Aggregated volume
- Price
e. Date of the transaction 10 January 2021
f. Place of the transaction Outside of a trading venue
Date: 17-01-2022 05:36:00
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