Goldway Capital Investment Limited Goldway - Commencement of compulsory buy-out
May 22 2024 - 2:00AM
RNS Regulatory News
RNS Number : 3718P
Goldway Capital Investment Limited
22 May 2024
THIS
ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF
ARTICLE 7 OF THE MARKET ABUSE REGULATION (596/2014/EU) AS THE SAME
HAS BEEN RETAINED IN UK LAW AS AMENDED BY THE MARKET ABUSE
(AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310). UPON THE
PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
NOT FOR
RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY
OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO
WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF
SUCH JURISDICTION.
FOR IMMEDIATE
RELEASE
Goldway Capital
Investment Limited
(Incorporated in Hong Kong)
CR No. 3294426
Off-market
takeover offer for all of the ordinary shares in:
MC Mining Limited
Previously Coal of Africa Limited
(Incorporated and registered in
Australia)
Registration number ABN 008 905 388
ISIN AU000000MCM9
JSE share code: MCZASX/AIM code: MCM
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22 May 2024
Goldway Capital
Investment Limited - Commencement of compulsory
buy-out
Goldway Capital Investment Limited (company
registration number 3294426) (Goldway) refers to its off-market
takeover offer for all of the ordinary shares in MC Mining Limited
ACN 008 905 388 (ASX: MCM) (MCM) (Offer) that closed at 7.00pm (Sydney
time) / 11.00am (South Africa time) on Monday, 22 April
2024.
In accordance with section 662B(1)(d) of the
Corporations Act 2001
(Cth), Goldway encloses a duly signed ASIC Form 6022 in relation to
Goldway's offer to buy-out the remaining ordinary shares in MCM
(Buy-out Offer). The
Buy-out Offer will be on the same terms as the Offer, including for
the avoidance of doubt the currency conversion rate, as announced
on 8 April 2024. The A$/ZAR and A$/ GBP exchange rates for the
Offer Consideration of A$0.16 per MCM Share has been fixed, based
on an exchange rate of A$/ZAR 12.25425 being the mid rate as
published by Nedbank Limited in South Africa at 15h45 on 5 April
2024 and A$/£ 0.52100 being the published Financial Times cross
rate as of 5 April 2024 at 14:20 BST. The Offer Consideration in
ZAR is 1.96068 per MCM Share and in GBP is
0.08336.
A copy of the ASIC Form 6022 was lodged with
ASIC today and will be despatched to MCM shareholders (Buy-out Notice).
Key
Dates
The Key Dates in respect of the Buy-out Offer
are as follows:
Buy-out Offer
announced on ASX, RNS and SENS and Buy-out Offer
opens
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Wednesday, 22 May 2024
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Last day to
trade in MCM Shares on the JSE in order to participate in the
Buy-out Offer
|
Thursday, 20 June 2024
|
Last day to
trade in MCM Shares on ASX and AIM in order to participate in the
Buy-out Offer
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Friday, 21 June 2024
|
MCM Shares
trade 'ex' the Buy-out Offer on the JSE
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Friday, 21 June 2024
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MCM Shares
trade 'ex' the Buy-out Offer on ASX and AIM
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Monday, 24 June 2024
|
Register
Acceptance Date to determine which MCM Shareholders on the MCM
Register are eligible to accept the Buy-out Offer
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Tuesday, 25 June 2024
|
Buy-out Offer
closes
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7.00pm (Sydney time) / 11.00am (SA time) on
Tuesday, 25 June 2024
|
Offer
Consideration credited to dematerialised MCM Shareholders who hold
their MCM Shares on the MCM South African
Register
|
Tuesday, 16 July 2024
|
Offer
Consideration paid to Certificated MCM Shareholders who hold their
MCM Shares on the MCM South African Register (subject to receipt by
Computershare of documents of title on or prior to 10.00am on the
Closing Date
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Tuesday, 16 July 2024
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Consideration
paid by means of EFT or cheque (posted by ordinary mail at the risk
of the MCM Shareholder concerned) to MCM Shareholders who hold
their MCM Shares on the MCM Australian Register
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Tuesday, 16 July 2024
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Offer
Consideration paid by means of a CREST Payment in favour of an
accepting MCM Shareholder who hold their MCM Shares on the MCM
United Kingdom Register
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Tuesday, 16 July 2024
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1. No dematerialisation or
rematerialisation of MCM Shares held on the MCM South African
Register may take place between the date MCM Shares trade 'ex' the
Offer on the JSE and the Register Date, both days
inclusive.
2. No transfers between the MCM South
African Register, the MCM Australian Register and the MCM United
Kingdom Register may take place between the date the Buy-out Offer
opens and the Register Date, both days inclusive.
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