Second Bidder's Statement - Do Not Accept

MC Mining Limited

14 March 2024

 

ANNOUNCEMENT                                                                                                                          14 March 2024

RECEIPT OF SECOND SUPPLEMENTARY BIDDER'S STATEMENT RELATING TO OFF-MARKET TAKEOVER BID - DO NOT ACCEPT

MC Mining Limited (ASX: MCM) (Company) advises that it has received a copy of the Second Supplementary Bidder's Statement dated 14 March 2024 issued by Goldway Capital Investment Limited (Goldway) in relation to the A$0.16 cash per share off-market takeover bid by Goldway (Takeover Offer).

The Independent Board Committee (IBC) is reviewing the contents of the Second Supplementary Bidder's Statement and will provide a formal response in due course.

Shareholders are reminded that the Takeover Offer remains open until 7pm (Sydney time) on Friday 5 April 2024 and the IBC recommends that shareholders take no action in relation to the Takeover Offer until they receive the Supplementary Target's Statement and accompanying Independent Expert's Report, which will be released on or before Monday, 18 March 2024.

Should you have any queries regarding the Takeover Offer, please contact either Tony Bevan, the Company Secretary, on [e-mail] or call the Target Shareholder Line on [phone] between 9.00am and 7.00pm (Sydney time) on Business Days (if calling from within Australia) and prior to 1pm (Johannesburg time) and 11am (London time).

The IBC looks forward to your continuing support as we respond to the Takeover Offer.

Khomotso Mosehla

Chairman of the IBC

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.

This announcement has been approved for release by the Company's Disclosure Committee.

For more information contact:
	Tony Bevan	Company Secretary		Endeavour Corporate Services		[phone]
	Company advisers:
	Richard Johnson / Rob Patrick	Nominated Adviser		Strand Hanson Limited		[phone]
	Rory Scott	Broker (AIM)		Tennyson Securities		[phone]
	Marion Brower	Financial PR (South Africa)		R&A Strategic Communications		[phone]
	BSM Sponsors Proprietary 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 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).

 

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