MC Mining Limited HOLDINGS IN COMPANY (4757C)
February 10 2020 - 3:51AM
UK Regulatory
TIDMMCM
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 +27 10 003 8000
Tony Bevan Company Secretary Endeavour Corporate Services +61 08 9316 9100
Company advisors:
Ross Allister/David McKeown Nominated Adviser and Broker Peel Hunt LLP +44 20 7418 8900
Charmane Russell/Olwen Auret Financial PR (South Africa) R&A Strategic Communications +27 11 880 3924
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
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2. Reason for the notification
---------------------------------------------------------------------
a. Position/status Substantial shareholder
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b. Initial notification/Amendment 6 February 2020
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3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a. Name MC Mining Limited
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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
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c. Price(s) and volume(s) Price(s) Volume(s)
GBP0.27 per
share 23,413,462
-----------
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d. Aggregated information
* Aggregated volume 23,413,462
GBP0.27 per share
* Price
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e. Date of the transaction 6 December 2019
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f. Place of the transaction London, United Kingdom
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END
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