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 | +61 08 9316 9100 |
| James Harris / James Dance | Nominated Adviser | Strand Hanson Limited | +44 20 7409 3494 |
| Rory Scott | Broker (AIM) | Tennyson Securities | +44 20 7186 9031 |
| Marion Brower | Financial PR (SA) | R&A Strategic Communications | +27 11 880 3924 |
| 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 Forms:
| 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) |
| ||||
| 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) |
| ||||
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
| e) | Date of the transaction | 8 November 2022 | ||||
| f) | Place of the transaction | ASX | ||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
