Last checked at 23 Nov 2018 10:56
ANNOUNCEMENT 23 November 2018
RESULTS OF ANNUAL GENERAL MEETING
The Directors of MC Mining Limited (the "Company" or "MC Mining") are pleased to announce that at the Annual General Meeting of Shareholders held earlier today, the resolutions put to the meeting were passed unanimously by a show of hands.
In accordance with Australian Stock Exchange Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act 2001, the Company hereby provides the following information on proxy votes received for each resolution:
For | Against | Proxy Discretion | Abstain | Excluded | |
Resolution 1: Adoption of Remuneration Report | 53,308,237 | 13,142,541 | 3,465 | 55,377 | 68,553 |
Resolution 2: Re-election of Director - David Brown | 66,501,468 | 18,273 | 3,465 | 54,967 | - |
Resolution 3: Re-election of Director - Thabo Mosololi | 66,465,300 | 53,531 | 3,465 | 55,877 | - |
Resolution 4: Election of Director - Brenda Berlin | 66,499,363 | 19,301 | 3,465 | 56,044 | - |
Resolution 5: Election of Director - An Chee Sin | 53,384,704 | 70,391 | 3,465 | 13,119,613 | - |
Resolution 6: Election of Director - Brian He Zhen | 55,383,469 | 70,221 | 3,615 | 13,120,868 | - |
Resolution 7: Grant of Performance Rights to Director - David Brown | 53,369,876 | 13,150,297 | 3,465 | 54,535 | - |
Resolution 8: Grant of Performance Rights to Director - Brenda Berlin | 53,370,006 | 13,150,714 | 3,731 | 53,722 | - |
Resolution 9: Approval of Performance Rights Plan | 53,415,590 | 13,088,817 | 3,231 | 70,535 | - |
Resolution 10: Approval of Potential Termination Benefits under Performance Rights Plan | 53,380,522 | 13,097,677 | 30,694 | 69,280 | - |
Resolution 11: Change of Auditor | 66,456,639 | 18,265 | 3,381 | 99,888 | - |
AUTHORISED BY:
Tony Bevan
Company Secretary
For more information contact: | |||
David Brown | Chief Executive Officer | MC Mining Limited | +27 10 003 8000 |
Brenda Berlin | Chief Financial Officer | MC Mining Limited | +27 10 003 8000 |
Tony Bevan | Company Secretary | Endeavour Corporate Services | +61 08 9316 9100 |
Company advisors: | |||
Jos Simson/ Gareth Tredway | Financial PR (United Kingdom) | Tavistock | +44 20 7920 3150 |
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. MCM's key projects include the Uitkomst Colliery (metallurgical and thermal coal), Makhado Project (coking and thermal coal). Vele Colliery (coking and thermal coal), and the Greater Soutpansberg Projects (MbeuYashu).
Forward-Looking Statements
This Announcement, including information included or incorporated by reference in this Announcement, may contain "forward-looking statements" concerning MC Mining that are subject to risks and uncertainties. Generally, the words "will", "may", "should", "continue", "believes", "expects", "intends", "anticipates" or similar expressions identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond MCM's ability to control or estimate precisely, such as future market conditions, changes in regulatory environment and the behaviour of other market participants. MCM cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward looking statements. MCM assumes no obligation and do not undertake any obligation to update or revise publicly any of the forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except to the extent legally required.
Statements of intention
Statements of intention are statements of current intentions only, which may change as new information becomes available or circumstances change.
Regulatory
This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.