GENERAL TEXT AMENDMENT
The following amendment(s) has (have) been made to the '(Headline)' announcement released on 11/04/22 at 16:57 under RNS No 0174I.
Mr Godfrey Gomwe's surname was incorrectly stated as Nene in his CV.
All other details remain unchanged.
The full amended text is shown below.
ANNOUNCEMENT 11 April 2022
RESULTS OF EXTRAORDINARY GENERAL MEETING & ELECTION OF DIRECTORS
MC Mining Limited (MC Mining or the Company) advises the outcome of resolutions put to shareholders at the Company's Extraordinary General Meeting (Meeting) held today, 11 April 2022.
Results of the Meeting
1. Resolution 1: R emoval of Mr Bernard Pr yor as a Director of the Company
This resolution is no longer relevant and is therefore withdrawn.
2. Resolution 2: R emoval of Mr Sebastiano Randazzo as a Director of the Company
This resolution is no longer relevant and is therefore withdrawn.
3. Resolution 3: Removal of any Director of the Company Appointed after the Date of the Requisition
This resolution is no longer relevant and is therefore withdrawn.
4. Resolution 4: Election of Mr Nhlanhla Nene as a Director
Passed on a poll as an ordinary resolution.
5. Resolution 5: Election of Mr Godfrey Gomwe as a Director
Passed on a poll as an ordinary resolution.
In accordance with Australian Stock Exchange Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act 2001, the attached information is provided in relation to the resolutions passed by members of the Company at the Meeting and proxies received in respect of each resolution put to shareholders.
Changes to the Board of Directors
Mr Nhlanhla Nene and Mr Godfrey Gomwe were elected as directors of the Company. Mr Andrew Mifflin and Mr Khomotso Mosehla have informed the board that they no longer intend to resign their positions on the board at this stage and there were no other changes to MC Mining's board of directors.
Neither Mr Nene or Mr Gomwe have been subject to the level of due diligence required by the AIM Rules for Companies and AIM Rules for Nominated Advisers (the AIM Rules), or been approved by Strand Hanson, the Company's Nominated Adviser. Strand Hanson has commenced this process in-line with its requirements under the AIM Rules, including commissioning external third party due diligence reports. Should Strand Hanson determine that either Mr Nene or Mr Gomwe are not suitable to act as directors of the Company, Strand Hanson may be forced to consider its position as nominated adviser to the Company. In the event that Strand Hanson were to resign as nominated adviser, the Company's ordinary shares would be suspended from trading on the AIM Market of the London Stock Exchange and, under the AIM Rules, the Company would then have one month to replace Strand Hanson as nominated adviser, failing which the Company's admission to trading on AIM would be cancelled. A further announcement on the outcome of the director due diligence process will be made in due course.
Nhlanhla Nene - Non-executive Director
Mr Nene holds a B Comm (Hons) UWC, Certificate in Economics (UNISA) and a Certificate in Macro and Microeconomics (University of London). He is a former Minister of Finance of South Africa and previously also served as Deputy Minister of Finance and Chairman of the Public Investment Corporation, the largest institutional investor in South Africa.
During his years in public office he represented South Africa at a number of multilateral institutions, including the International Monetary Fund and World Bank. Prior to this he held senior positions in financial services at Metropolitan Life. He is currently Chairman of the Supervisory Board of Arise BV (Dutch based investment company with a focus on Africa) and a Non-executive Chairman of Thebe Investment Corporation and a director of Access Bank Plc (South Africa). He also served as Interim Director and Head of Wits Business School as well as Honorary Adjunct Professor: Wits Business School.
Godfrey Gomwe - Non-executive Director
Mr Gomwe is a Chartered Accountant (Zimbabwe), holding a B Acc (UZ) and MBL (UNISA), with over 30 years' experience in the metals and mining industries. He is the former Chief Executive Officer of Anglo American Plc's global thermal coal business which included oversight over the manganese joint venture with BHP. He was Executive Director of Anglo American South Africa until August 2012 and his roles included Head of Group Business Development: Africa, Finance Director and Chief Operating Officer of Anglo American South Africa. Mr Gomwe also served as the Executive Chairman and Chief Executive of Anglo American Zimbabwe Limited as well as a number of Anglo American operating boards and executive committees including Kumba Iron Ore, Anglo American Platinum, Highveld Steel and Vanadium and Mondi South Africa. Prior to joining Anglo American in 1999, Godfrey held many Leadership positions and directorships in listed and unlisted companies.
AUTHORISED BY:
Tony Bevan
Company Secretary
This announcement has been approved by the Company's Disclosure Committee .
ASX: MCM / AIM: MCM.L / JSE: MCZ
For more information contact:
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Tony Bevan |
Company Secretary |
Endeavour Corporate Services |
+618 9316 9100 |
Company advisors: |
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James Harris / James Dance |
Nominated Adviser |
Strand Hanson Limited
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+44 20 7409 3494 |
Rory Scott |
Broker (AIM) |
Tennyson Securities |
+44 20 7186 9031
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James Duncan |
Financial PR (South Africa) |
R&A Strategic Communications |
+27 11 880 3924 |
Investec Bank Limited is the nominated JSE Sponsor |
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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 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).
EXTRAORDINARY GENERAL MEETING - Monday 11th April 2022
RESULTS OF MEETING
The following information is provided in accordance with section 251AA(2) of the Corporations Act 2001 (Cth) and ASX Listing Rule 3.13.2
Resolution details |
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Instructions given to validly appointed proxies (as at proxy close) |
Number of votes cast on the poll (where applicable) |
Resolution Result |
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Resolution |
Resolution Type |
For |
Against |
Proxy Discretion |
Abstain |
For |
Against |
Abstain |
Carried/ Not Carried |
Resolution 1 : Removal of Mr Bernard Pryor as a Director |
Ordinary |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Withdrawn |
Resolution 2 : Removal of Mr Sam Randazzo as a Director |
Ordinary |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Withdrawn |
Resolution 3 : Removal of any Director of the Company appointed after the date of the Requisition |
Ordinary |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Withdrawn |
Resolution 4 : Election of Mr N Nene as a Director |
Ordinary |
82,862,607 61.56% |
52,356,940 38.44% |
135 0.00% |
747,214
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82,862,742 61.56% |
52,356,940 38.44% |
747,214
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Carried |
Resolution 5 : Election of Mr Godfrey Gomwe as a Director |
Ordinary |
122,206,268 89.71% |
14,012,781 10.29% |
135 0.00% |
747,714
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122,206,403 89.71% |
14,012,781 10.29% |
747,714
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Carried |
NB. Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.