Mwana Africa Plc Statement re High Court Petition Update

 
TIDMMWA 
 
7 January 2015 
 
                               Mwana Africa PLC 
 
                          ("Mwana" or the "Company") 
 
                          High Court Petition Update 
 
Further to the announcement of 9 December 2014, Mwana announces that at the 
hearing held earlier today at the Companies Court in respect of the matter 
brought by China International Mining Group Corporation ("CIMGC"), a 
substantial shareholder in Mwana, and Mr Yat Hoi Ning, a Non-Executive Director 
and associate of CIMGC, (together the "Petitioners") against the Company and 
two of its Non-Executive Directors, Mr Stuart Morris and Mr Johan Botha, 
initial directions were laid down for the future conduct of the petition 
including the setting of a trial window of 3 months from 1 November 2015. The 
parties will return to court later this month to fix the trial date. 
 
The petition refers to the passing of Resolution 3 at the Company's Annual 
General Meeting held on 10 September 2014, which related to the re-appointment 
of Mr Stuart Morris as a director of the Company, and alleges that the 
resolution was not validly passed. 
 
In addition, leave was given to the Petitioners to file an amended petition 
which also seeks to challenge the appointments of Mr Ngoni Kudenga and Mr 
Herbert Mashanyare as Non-Executive Directors of the Company, as announced on 
10 December 2014. 
 
The Company's position remains unchanged in respect of these court proceedings. 
Whilst it will continue to attempt to work with the Petitioners to achieve a 
mutually acceptable resolution to their complaints, the Company will defend its 
position vigorously in court if required. 
 
Further announcements with regard to this matter will be made in due course, as 
appropriate. 
 
For further information please visit www.mwanaafrica.com or contact: 
 
Mwana Africa PLC                        Tel: [phone] 
Kalaa Mpinga, CEO                       Tel: [phone] 
Caroline Mathonsi, Investor Relations 
 
Nominated Adviser and Broker            Tel: [phone] 
Peel Hunt LLP 
Matthew Armitt / Ross Allister 
 
Public Relations                        Tel: [phone] 
Russell and Associates 
Jim Jones/Leigh King 
 
 
 
END