Directors' Dealings

RNS Number : 2150G

MC Mining Limited

11 November 2022

 

11 November 2022

DIRECTORS' DEALINGS

MC Mining Limited (MC Mining or the Company) has been notified that, following the successful conclusion of its fully underwritten renounceable rights offer, as announced on 4 November 2022 (the Rights Issue), and admission to trading of the new ordinary shares on 9 November 2022, the interests of two of the Company's non-executive directors, namely Mr Mathews Senosi and Mr Brian He Zhen, has changed.

· Senosi Group Investment Holdings Proprietary Limited (SGIH), an entity that is owned and controlled by Mr Mathews Senosi, a non-executive director of the Company, acquired an additional 56,993,546 new ordinary shares under the Rights Issue. Following this, SGIH holds a total of 95,357,4555 ordinary MC Mining shares, representing 23.98% of the Company's issued capital.

· A consortium of six parties (collectively the Dendocept Group) comprising companies, trusts and individuals acquired a total of 84,596,739 new ordinary MC Mining shares as a result of the Rights Issue. Golden Archer Investment (Pty) Ltd (Golden Archer) formed part of the Dendocept Group and Mr Brian He Zhen, a non-executive director of the Company, indirectly acquired 264,845 ordinary MC Mining shares through his interest in Golden Archer. This interest equates to a 0.07% interest in MC Mining.

Further details are provided in the below PDMR Notification Forms, announced in accordance with Article 19 of the Market Abuse Regulation (EU) 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.

Further details on the holdings are available on the Company's website www.mcmining.co.za.

For and on behalf of

MC Mining Limited

Tony Bevan

Company Secretary

For more information contact:

Tony Bevan	Company Secretary	Endeavour Corporate Services	[phone]
James Harris / James Dance	Nominated Adviser	Strand Hanson Limited	[phone]
Rory Scott	Broker (AIM)	Tennyson Securities	[phone]
Marion Brower	Financial PR (SA)	R&A Strategic Communications	[phone]
Investec Bank 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).

PDMR Notification Form s :

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mathews Senosi
2.	Reason for the Notification
a)	Position/status	Director
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 instrument, type of instrument	Ordinary Shares
	Identification code	AU000000MCM9
b)	Nature of the Transaction	Acquisition of new ordinary shares in Rights Issue
c)	Price(s) and volume(s)	Price(s) Volume(s) A$0.20 56,993,546
d)	Aggregated information Aggregated volume Price	N/A (Single transaction)
e)	Date of the transaction	8 November 2022
f)	Place of the transaction	ASX

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Brian He Zhen and his spouse
2.	Reason for the Notification
a)	Position/status	Director
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 instrument, type of instrument	Ordinary Shares
	Identification code	AU000000MCM9
b)	Nature of the Transaction	Acquisition of new ordinary shares in Rights Issue
c)	Price(s) and volume(s)	Price(s) Volume(s) A$0.20 264,845
d)	Aggregated information Aggregated volume Price	N/A (Single transaction)
e)	Date of the transaction	8 November 2022
f)	Place of the transaction	ASX

 

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