Johannesburg, MC Mining Limited has announced the receipt of the Second Supplementary Bidder’s Statement from Goldway Capital Investment Limited regarding its A$0.16 cash per share off-market takeover bid. The company disclosed this development on March 14, 2024, signaling ongoing deliberations over the takeover proposition by Goldway.
The Independent Board Committee (IBC) of MC Mining is currently reviewing the details presented in the Second Supplementary Bidder’s Statement and plans to issue a formal response shortly. This review is crucial for the company’s strategic direction in response to Goldway’s takeover attempt.
Shareholders have been advised to await further instructions until the release of the Supplementary Target’s Statement and the Independent Expert’s Report, expected by Monday, 18 March 2024. The Takeover Offer will remain open until 7 pm (Sydney time) on Friday, 5 April 2024, providing shareholders ample time to consider their options based on the forthcoming detailed analysis and recommendations.
For inquiries regarding the takeover offer, shareholders have been directed to contact Tony Bevan, the Company Secretary, or utilize the Target Shareholder Line available during business hours. The IBC has expressed gratitude for the shareholders’ continued support as they navigate through the evaluation of Goldway’s offer.