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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 19 January 2023
GRANT OF OPTIONS AND PERFORMANCE RIGHTS TO DIRECTORS
MC Mining Limited (the Company) confirms the award of Performance Rights under the Company’s
Performance Rights Plan to Non-Executive Directors and options to the Executive Director, following
the approval of shareholders at the Annual General Meeting of shareholders on 30 November 2022
(AGM).
In terms of the shareholder approval, all seven Non-Executive Directors, being Nhlanhla Nene,
Ontiretse Senosi, Andrew Mifflin, An Chee Sin, Liu Junchao, Khomotso Mosehla, and He Zhen have
today each been granted 1,000,000 Performance Rights under the Company’s Performance Rights
Plan. The Performance Rights are awarded as conditional grants over ordinary shares of no par value
(Ordinary Shares) for no consideration. The Performance Rights will vest on 30 June 2023 subject to
the relevant vesting conditions being satisfied, namely that the remaining development and working
capital funding for the Makhado hard coking coal project has been secured.
The award of 12,000,000 options over Ordinary Share in terms of Godfrey Gomwe’s letter of
appointment as the Company’s Managing Director and Chief Executive Officer, was subsequently
approved by shareholders at the AGM. As detailed in the Notice of Meeting for the AGM, the options
vest in three equal tranches of 4,000,000 options each, exercisable for nil consideration, provided that
Mr Gomwe is still employed, and the 30-day VWAP of per Ordinary Share on the JSE meets the
required condition for each relevant tranche on 30 June 2023, 30 June 2024 and 30 June 2025 (being
ZAR1.89, ZAR3.22 and ZAR4.55, respectively). The options will expire on 30 November 2027.
Directors’ Interests
In addition to the options and Performance Rights issued per this announcement, Mr Ontiretse Senosi
indirectly holds 95,357,455 Ordinary Shares and Mr Brian Zhen He indirectly holds 264,845 Ordinary
shares, which represent 24.0% and 0.1%, respectively, of the Company’s issued share capital.
Save for the awards detailed and interests noted in this announcement, no other Director holds any
options, Performance Rights or Ordinary Shares. The Performance Rights granted to the Directors on
17 January 2022, following shareholder approval at the 2021 annual general meeting, did not meet
the vesting conditions and have now lapsed.
The notification below, made in accordance with the requirements of the Market Abuse Regulation,
provides further detail.
This announcement has been approved by the Company’s Disclosure Committee.
For more information contact:
Tony Bevan Company Endeavour +61 08 9316
Secretary Corporate Services 9100
Company advisors:
James Harris / James Nominated Strand Hanson +44 20 7409
Dance Adviser Limited 3494
Rory Scott Broker (AIM) Tennyson +44 20 7186
Securities 9031
Marion Brower Financial PR R&A Strategic +27 11 880
(South Africa) Communications 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. 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).
A copy of this announcement is available on the Company's website, www.mcmining.co.za.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and
persons closely associated with them
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Nhlanhla Nene
2. Reason for the Notification
a) Position/status Chairman
b) Initial notification/amendment Initial notification
2
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or
auction monitor
a) Name MC Mining Limited
b) LEI 213800G6YDVUTU9NEP37
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a) Description of the Financial Ordinary Shares
instrument, type of instrument
Identification code AU000000MCM9
b) Nature of the Transaction Grant of Performance Rights
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 1,000,000
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
e) Date of the transaction 19 January 2023
f) Place of the transaction Outside of a trading venue
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Ontiretse Senosi
2. Reason for the Notification
a) Position/status Non-Executive Director
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or
auction monitor
a) Name MC Mining Limited
b) LEI 213800G6YDVUTU9NEP37
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv)each place where transactions have been conducted
3
a) Description of the Financial Ordinary Shares
instrument, type of instrument
Identification code AU000000MCM9
b) Nature of the Transaction Grant of Performance Rights
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 1,000,000
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
e) Date of the transaction 19 January 2023
f) Place of the transaction Outside of a trading venue
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Andrew Mifflin
2. Reason for the Notification
a) Position/status Independent Non-Executive Director
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or
auction monitor
a) Name MC Mining Limited
b) LEI 213800G6YDVUTU9NEP37
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a) Description of the Financial Ordinary Shares
instrument, type of instrument
Identification code AU000000MCM9
b) Nature of the Transaction Grant of Performance Rights
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 1,000,000
4
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
e) Date of the transaction 19 January 2023
f) Place of the transaction Outside of a trading venue
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name An Chee Sin
2. Reason for the Notification
a) Position/status Non-Executive Director
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or
auction monitor
a) Name MC Mining Limited
b) LEI 213800G6YDVUTU9NEP37
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a) Description of the Financial Ordinary Shares
instrument, type of instrument
Identification code AU000000MCM9
b) Nature of the Transaction Grant of Performance Rights
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 1,000,000
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
e) Date of the transaction 19 January 2023
f) Place of the transaction Outside of a trading venue
5
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Liu Junchao
2. Reason for the Notification
a) Position/status Non-Executive Director
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or
auction monitor
a) Name MC Mining Limited
b) LEI 213800G6YDVUTU9NEP37
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a) Description of the Financial Ordinary Shares
instrument, type of instrument
Identification code AU000000MCM9
b) Nature of the Transaction Grant of Performance Rights
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 1,000,000
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
e) Date of the transaction 19 January 2023
f) Place of the transaction Outside of a trading venue
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Khomotso Mosehla
2. Reason for the Notification
a) Position/status Independent Non-Executive Director
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or
auction monitor
6
a) Name MC Mining Limited
b) LEI 213800G6YDVUTU9NEP37
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a) Description of the Financial Ordinary Shares
instrument, type of instrument
Identification code AU000000MCM9
b) Nature of the Transaction Grant of Performance Rights
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 1,000,000
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
e) Date of the transaction 19 January 2023
f) Place of the transaction Outside of a trading venue
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name He Zhen
2. Reason for the Notification
a) Position/status Non-Executive Director
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or
auction monitor
a) Name MC Mining Limited
b) LEI 213800G6YDVUTU9NEP37
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a) Description of the Financial Ordinary Shares
instrument, type of instrument
Identification code AU000000MCM9
7
b) Nature of the Transaction Grant of Performance Rights
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 1,000,000
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
e) Date of the transaction 19 January 2023
f) Place of the transaction Outside of a trading venue
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Godfrey Gomwe
2. Reason for the Notification
a) Position/status Chief Executive Officer
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or
auction monitor
a) Name MC Mining Limited
b) LEI 213800G6YDVUTU9NEP37
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a) Description of the Financial Options over Ordinary Shares
instrument, type of instrument
Identification code AU000000MCM9
b) Nature of the Transaction Grant of Performance Rights
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 12,000,000
d) Aggregated information N/A (Single Transaction)
Aggregated volume Price
8
e) Date of the transaction 19 January 2023
f) Place of the transaction Outside of a trading venue
9
