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MC MINING LIMITED - Issue of Shares under Performance Rights Plan

Release Date: 17/05/2022 09:00
Code(s): MCZ     PDF:  
Wrap Text
Issue of Shares under Performance Rights Plan

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
                                                                17 May 2022

ISSUE OF SHARES UNDER PERFORMANCE RIGHTS PLAN

Further to its announcement on 28 April 2022, MC Mining Limited (MC Mining or the
Company) confirms that it has now issued 4,871,406 new ordinary shares of no par value in
the Company’s capital (Ordinary Shares) (the Performance Rights Shares) to its former
Interim Chief Executive Officer (CEO), Mr Sam Randazzo.

The 4,871,406 Performance Rights Shares have been issued to Mr Randazzo in accordance
with the Company’s Performance Rights Plan as announced at the time of his resignation as
Interim CEO and Executive Director.

Admission and Total Voting Rights

Application has been made for the Performance Rights Shares to be admitted to trading on
the ASX, AIM and JSE markets (Admission). Admission of the Performance Rights Shares to
trading on AIM is expected to become effective at 8:00 a.m. on or around 20 May 2022, and
the Performance Rights Shares will rank pari passu with the Company's existing Ordinary
Shares.

On Admission, MC Mining’s issued share capital shall comprise 197,654,870 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.

Authorised by
Tony Bevan
Company Secretary

This announcement has been approved by the Company’s Disclosure Committee.
For more information contact:
Godfrey Gomwe                      CEO                            MC Mining Limited             +27 10 003 8000
Tony Bevan                         Company Secretary              Endeavour Corporate           +61 8 9316 9100
                                                                  Services

Company advisors:
James Harris / James Dance         Nominated Adviser             Strand Hanson Limited          +44 20 7409 3494


Rory Scott                         Broker (AIM)                  Tennyson Securities Limited    +44 20 7186 9031
James Duncan                       Financial PR (South Africa)   R&A Strategic                  +27 11 880 3924
                                                                 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).

Statements of intention

Statements of intention are statements of current intentions only, which may change as new information becomes available
or circumstances change.




                                                                                                                       

Date: 17-05-2022 09:00:00
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