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Results of Annual General Meeting

Published: 2023-11-30 17:52:22 ET

MC Mining Limited
Previously Coal of Africa Limited
(Incorporated and registered in Australia)
Registration number ABN 008 905 388
ISIN AU000000MCM9
JSE share code: MCZ
ASX/AIM code: MCM

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     +61 8 9316 9100
                                                     Services
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               +27 11 880 3924
                                                                Communications
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
                                                              Instructions given to validly appointed proxies            Number of votes cast on the poll       Resolution
Resolution details
                                                                             (as at proxy close)                                                                  Result
                                          Resolution                                         Proxy                       For            Against      Abstain     Carried/
 Resolution                                                  For            Against                      Abstain
                                              Type                                        Discretion                                                            Not Carried
Resolution      1:      Adoption      of      Non-       21,308,971       56,253,554          687       6,482,643    21,309,658       56,253,554    6,482,643   Not Carried
Remuneration Report                         binding        27.47%           72.53%           0.00%                     27.47%           72.53%
Resolution 2: Re-election of Director –    Ordinary     170,712,294        185,680            687       6,333,736   170,712,981         185,680     6,333,736     Carried
Andrew Mifflin                                             99.89%            0.11%           0.00%                     99.89%            0.11%
Resolution 3: Election of Director – Yi    Ordinary     170,708,275        189,685            687       6,333,750   170,708,962         189,685     6,333,750     Carried
(Christine) He                                             99.89%            0.11%           0.00%                     99.89%            0.11%
Resolution 4: Election of Director –       Ordinary     170,717,339        180,635            687       6,333,736   1,707,18,026        180,635     6,333,736     Carried
Julian Hoskin                                              99.89%            0.11%           0.00%                     99.89%            0.11%
Resolution 5: Issue of Shares – Godfrey    Ordinary       546,103        170,351,964          687       6,333,643     546,790        170,351,964    6,333,643   Not Carried
Gomwe                                                       0.32%           99.68%           0.00%                      0.32%           99.68%
Resolution 6: Grant of Performance         Ordinary       546,048        176,658,636          742        26,971       546,790        176,658,636     26,971     Not Carried
Rights to Director – Nhlanhla Nene                          0.31%           99.69%           0.00%                      0.31%           99.69%
Resolution 7: Grant of Performance         Ordinary       551,089        176,653,636          687        26,985       551,776        176,653,636                Not Carried
                                                                                                                                                     26,985
Rights to Director – Khomotso Mosehla                       0.31%           99.69%           0.00%                      0.31%           99.69%
Resolution 8: Grant of Performance         Ordinary       551,103        173,811,798          687        26,971       551,790        173,811,798     26,971     Not Carried
Rights to Director – Zhen (Brian) He                        0.32%           99.68%           0.00%                      0.32%           99.68%
Resolution 9: Grant of Performance         Ordinary       545,628        176,658,636          687        27,446       546,315        176,658,636     27,446     Not Carried
Rights to Director – An Chee Sin                            0.31%           99.69%           0.00%                      0.31%           99.69%
Resolution 10: Grant of Performance        Ordinary       551,103        138,289,727          687        26,971       551,790        138,289,727     26,971     Not Carried
Rights to Director – Ontiretse Senosi                       0.40%           99.60%           0.00%                      0.40%           99.60%
Resolution 11: Grant of Performance        Ordinary       545,902        176,658,636          888        26,971       546,790        176,658,636     26,971     Not Carried
Rights to Director – Andrew Mifflin                         0.31%           99.69%           0.00%                      0.31%           99.69%
                                                                  Instructions given to validly appointed proxies             Number of votes cast on the poll      Resolution
Resolution details
                                                                                 (as at proxy close)                                                                  Result
                                             Resolution                                          Proxy                        For          Against        Abstain    Carried/
Resolution                                                       For            Against                      Abstain
                                               Type                                           Discretion                                                            Not Carried
Resolution 12: Grant of Performance           Ordinary         551,048       173,811,853          687        26,971         551,735      173,811,853      26,971    Not Carried
Rights to Director – Yi (Christine) He                          0.32%           99.68%           0.00%                       0.32%         99.68%
Resolution 13: Grant of Performance           Ordinary         550,548       176,653,691         1,187       26,971         551,735      176,653,691      26,971    Not Carried
Rights to Director – Julian Hoskin                              0.31%           99.69%           0.00%                       0.31%         99.69%
Resolution 14: Grant of Performance           Ordinary         551,103       176,653,636          687        26,971         551,790      176,653,636      26,971    Not Carried
Rights to Company Secretary –                                   0.31%           99.69%           0.00%                       0.31%         99.69%
Anthony Bevan
Resolution 15: Approval of Listing Rule        Special       38,935,432       138,264,004          687            32,274   38,936,119    138,264,004      32,274    Not Carried
7.1A Mandate                                                   21.97%           78.03%            0.00%                      21.97%        78.03%
Resolution 16: Increase of NED Fee            Ordinary        541,473         135,436,189          687            48,301    542,160      135,436,189      48,301    Not Carried
Pool                                                            0.40%           99.60%            0.00%                       0.40%        99.60%

     NB. Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.