MC Mining Limited HOLDINGS IN COMPANY (4757C)

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RNS Number : 4757C

MC Mining Limited

10 February 2020

ANNOUNCEMENT

10 February 2020

HOLDINGS IN COMPANY

MC Mining Limited (the "Company" or "MC Mining") was advised on 4 February 2020 by Yishun Brightrise Investment Pte Ltd ("YBI") that as at 6 December 2019, due to an internal corporate restructuring, YBI was no longer a substantial holder of ordinary shares in the Company.

All of YBI's interest in the Company, being 21,413,462 ordinary shares of nil par value, representing 15.2% of the Company's issued share capital, was transferred to Ying He Yuan Investment (S) Pte Limited ("YHYI") on that date. There was no change in beneficial ownership and YBI's shareholder representative on the Company's board, Mr Brian He Zhen, will remain a director of MC Mining as YHYI's representative.

Further details on the holding are available on the Company's website: http://www.mcmining.co.za

AUTHORISED BY:

Tony Bevan

Company Secretary

 
 For more information contact: 
 Brenda Berlin                   CFO and Acting CEO              MC Mining Limited               [phone] 
 Tony Bevan                      Company Secretary               Endeavour Corporate Services    [phone] 
 
   Company advisors: 
 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 (hard coking coal and a thermal coal by-product). Vele Colliery (coking and thermal coal), and the Greater Soutpansberg Projects (coking and thermal coal).

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a.   Name                                Ying He Yuan Investment (S) 
                                           Pte Limited 
     ----------------------------------  --------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------- 
 a.   Position/status                     Substantial shareholder 
     ----------------------------------  --------------------------------- 
 b.   Initial notification/Amendment      6 February 2020 
     ----------------------------------  --------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a.   Name                                MC Mining Limited 
     ----------------------------------  --------------------------------- 
 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        Ordinary share 
       instrument, type of instrument 
       Identification code 
     ----------------------------------  --------------------------------- 
 b.   Nature of the transaction           Internal corporate restructuring 
     ----------------------------------  --------------------------------- 
 c.   Price(s) and volume(s)               Price(s)       Volume(s) 
                                            GBP0.27 per 
                                             share         23,413,462 
                                                          ----------- 
     ----------------------------------  --------------------------------- 
 d.            Aggregated information 
                 *    Aggregated volume     23,413,462 
                                            GBP0.27 per share 
 
                 *    Price 
     ----------------------------------  --------------------------------- 
 e.   Date of the transaction             6 December 2019 
     ----------------------------------  --------------------------------- 
 f.   Place of the transaction            London, United Kingdom 
     ----------------------------------  --------------------------------- 
 

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END

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February 10, 2020 04:51 ET (09:51 GMT)