Last checked at 30 Nov 2023 14:31
ANNOUNCEMENT 30 November 2023
RESULTS OF ANNUAL GENERAL MEETING
MC Mining Limited announces that the Annual General Meeting of Shareholders was held today, 30 November 2023.
Resolutions 2 to 4 were carried and all other Resolutions were not carried, including Resolution 15, which was proposed as a special resolution, to permit the Company to issue new ordinary shares equal to 10% of the Company's issued share capital. Resolution 1 was not carried but was proposed as a non-binding resolution. The issue of Performance Rights proposed under Resolutions 6 to 14 will not proceed.
In accordance with Listing Rule 3.13.2 and section 251AA of the Corporations Act, set out in the annexure to this announcement are the details of the resolutions, the proxies received, and the total number of votes cast on the poll in relation to each resolution in the Notice of Meeting.
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: |
| ||||||
| Tony Bevan | Company Secretary | Endeavour Corporate Services | +61 8 9316 9100 | |||
| Company advisors: | ||||||
| Richard Johnson / Rob Patrick | Nominated Adviser | Strand Hanson Limited
| +44 20 7409 3494 | |||
| Rory Scott
| Broker (AIM) | Tennyson Securities | +44 20 7186 9031 | |||
| Marion Brower | Financial PR (South Africa) | R&A Strategic Communications | +27 11 880 3924 | |||
| 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 (steelmaking and thermal coal), Makhado Project (steelmaking hard coking coal), Vele Colliery (steelmaking semi-soft coking and thermal coal), and the Greater Soutpansberg Projects (steelmaking coking and thermal coal).
ANNUAL GENERAL MEETING - Thursday 30th November 2023
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 |
| Instructions given to validly appointed proxies (as at proxy close) | Number of votes cast on the poll | Resolution Result | |||||
Resolution | Resolution Type | For | Against | Proxy Discretion | Abstain | For | Against | Abstain | Carried/ Not Carried |
Resolution 1: Adoption of Remuneration Report | Non-binding | 21,308,971 27.47% | 56,253,554 72.53% | 687 0.00% | 6,482,643
| 21,309,658 27.47% | 56,253,554 72.53% | 6,482,643
| Not Carried |
Resolution 2: Re-election of Director - Andrew Mifflin | Ordinary | 170,712,294 99.89% | 185,680 0.11% | 687 0.00% | 6,333,736
| 170,712,981 99.89% | 185,680 0.11% | 6,333,736
| Carried |
Resolution 3: Election of Director - Yi (Christine) He | Ordinary | 170,708,275 99.89% | 189,685 0.11% | 687 0.00% | 6,333,750
| 170,708,962 99.89% | 189,685 0.11% | 6,333,750
| Carried |
Resolution 4: Election of Director - Julian Hoskin | Ordinary | 170,717,339 99.89% | 180,635 0.11% | 687 0.00% | 6,333,736
| 1,707,18,026 99.89% | 180,635 0.11% | 6,333,736
| Carried |
Resolution 5: Issue of Shares - Godfrey Gomwe | Ordinary | 546,103 0.32% | 170,351,964 99.68% | 687 0.00% | 6,333,643
| 546,790 0.32% | 170,351,964 99.68% | 6,333,643
| Not Carried |
Resolution 6: Grant of Performance Rights to Director - Nhlanhla Nene | Ordinary | 546,048 0.31% | 176,658,636 99.69% | 742 0.00% | 26,971
| 546,790 0.31% | 176,658,636 99.69% | 26,971
| Not Carried |
Resolution 7: Grant of Performance Rights to Director - Khomotso Mosehla | Ordinary | 551,089 0.31% | 176,653,636 99.69% | 687 0.00% | 26,985
| 551,776 0.31% | 176,653,636 99.69% | 26,985 | Not Carried |
Resolution 8: Grant of Performance Rights to Director - Zhen (Brian) He | Ordinary | 551,103 0.32% | 173,811,798 99.68% | 687 0.00% | 26,971
| 551,790 0.32% | 173,811,798 99.68% | 26,971
| Not Carried |
Resolution 9: Grant of Performance Rights to Director - An Chee Sin | Ordinary | 545,628 0.31% | 176,658,636 99.69% | 687 0.00% | 27,446
| 546,315 0.31% | 176,658,636 99.69% | 27,446
| Not Carried |
Resolution 10: Grant of Performance Rights to Director - Ontiretse Senosi | Ordinary | 551,103 0.40% | 138,289,727 99.60% | 687 0.00% | 26,971
| 551,790 0.40% | 138,289,727 99.60% | 26,971
| Not Carried |
Resolution 11: Grant of Performance Rights to Director - Andrew Mifflin | Ordinary | 545,902 0.31% | 176,658,636 99.69% | 888 0.00% | 26,971
| 546,790 0.31% | 176,658,636 99.69% | 26,971
| Not Carried |
Resolution 12: Grant of Performance Rights to Director - Yi (Christine) He | Ordinary | 551,048 0.32% | 173,811,853 99.68% | 687 0.00% | 26,971
| 551,735 0.32% | 173,811,853 99.68% | 26,971
| Not Carried |
Resolution 13: Grant of Performance Rights to Director - Julian Hoskin | Ordinary | 550,548 0.31% | 176,653,691 99.69% | 1,187 0.00% | 26,971
| 551,735 0.31% | 176,653,691 99.69% | 26,971
| Not Carried |
Resolution 14: Grant of Performance Rights to Company Secretary - Anthony Bevan | Ordinary | 551,103 0.31%
| 176,653,636 99.69%
| 687 0.00%
| 26,971
| 551,790 0.31%
| 176,653,636 99.69%
| 26,971
| Not Carried |
Resolution 15: Approval of Listing Rule 7.1A Mandate | Special | 38,935,432 21.97% | 138,264,004 78.03% | 687 0.00% | 32,274
| 38,936,119 21.97% | 138,264,004 78.03% | 32,274
| Not Carried |
Resolution 16: Increase of NED Fee Pool | Ordinary | 541,473 0.40% | 135,436,189 99.60% | 687 0.00% | 48,301
| 542,160 0.40% | 135,436,189 99.60% | 48,301
| Not Carried |
NB. Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.