Result of AGM

RNS Number : 2889U

MC Mining Limited

22 November 2019

 

ANNOUNCEMENT                                                                                                                  22 November 2019

RESULTS OF ANNUAL GENERAL MEETING

The Directors of MC Mining Limited (the "Company" or "MC Mining") are pleased to announce that at the Annual General Meeting of Shareholders held earlier today, the resolutions put to the meeting were passed unanimously by a show of hands.

In accordance with Australian Stock Exchange Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act 2001, the Company hereby provides the following information on proxy votes received for each resolution:

	For	Against	Proxy Discretion	Abstain	Excluded
Resolution 1: Adoption of Remuneration Report	59,418,306	70,146	51,154	97,617	109,803
Resolution 2: Re-election of Director - Bernard Pryor	59,594,575	2,300	50,944	99,207	0
Resolution 3: Re-election of Director - Khomotso Mosehla	53,281,264	6,315,111	50,944	99,207	0
Resolution 4: Re-election of Director - Shangren Ding	59,587,986	8,889	50,944	99,207	0
Resolution 5: Election of Director - Sam Randazzo	59,594,411	2,464	50,944	99,207	0
Resolution 6: Grant of Performance Rights to Director - David Brown	59,478,539	78,738	50,944	97,555	41,250
Resolution 7: Grant of Performance Rights to Director - Brenda Berlin	59,478,039	79,238	50,944	97,555	41,250

AUTHORISED BY:

Tony Bevan

Company Secretary

For more information contact:
David Brown	Chief Executive Officer	MC Mining Limited	[phone]
Brenda Berlin	Chief Financial Officer	MC Mining Limited	[phone]
Tony Bevan	Company Secretary	Endeavour Corporate Services	[phone]
Company advisors:
Jos Simson/ Gareth Tredway	Financial PR (United Kingdom)	Tavistock	[phone]
Ross Allister/David McKeown	Nominated Adviser and Broker	Peel Hunt LLP	[phone]
Charmane Russell/Olwen Auret	Financial PR (South Africa)	R&A Strategic Communications	[phone]
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 coal), Makhado Project (coking and thermal coal). Vele Colliery (coking and thermal coal), and the Greater Soutpansberg Projects (coking and thermal coal).

Forward-Looking Statements

This Announcement, including information included or incorporated by reference in this Announcement, may contain "forward-looking statements" concerning MC Mining that are subject to risks and uncertainties. Generally, the words "will", "may", "should", "continue", "believes", "expects", "intends", "anticipates" or similar expressions identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond MC Mining's ability to control or estimate precisely, such as future market conditions, changes in regulatory environment and the behaviour of other market participants. MC Mining cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward looking statements. MC Mining assumes no obligation and do not undertake any obligation to update or revise publicly any of the forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except to the extent legally required.

Statements of intention

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

MC Mining has ensured that the mineral resources quoted are subject to good governance arrangements and internal control. The Company has engaged external independent consultants to update the mineral resource in accordance with the JORC Code 2012 and SAMREC 2016. The units of measure in this report are metric, with Tonnes (t) = 1,000kg. Technical information that requires subsequent calculations to derive subtotals, totals and weighted averages may involve a degree of rounding and consequently introduce an error. Where such errors occur MC Mining does not consider them to be material.

 

END

 

 

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