Requisition of General Meeting
02 March 2015
Mwana announces that it has received notices from Ian Dearing and other shareholders (the "Requisitioners") to convene a general meeting of the Company's shareholders (the "Requisition") pursuant to section 303 of the Companies Act 2006 (the "Act"). The Requisition proposes inter alia resolutions to approve a number of non-executive director changes to the board of directors of the Company.
The Company is currently investigating the validity of the Requisition and to the extent that it is valid and not withdrawn, currently intends, in accordance with section 304 of the Act, to call such a meeting within 21 days of the receipt of the Requisition and to provide for the general meeting to be held on a date not more than 28 days after the date of the notice of meeting.
For the avoidance of doubt, neither China International Mining Group Limited nor Mr Yat Hoi Ning are Requisitioners.
Shareholders are advised to take no action at this time. A further announcement will be made in due course.
For further information contact:
Mwana Africa PLC
Kalaa Mpinga, CEO
Caroline Mathonsi, Investor Relations
Tel: + 44 (0) 203 696 5470
Nominated Adviser and Broker
Peel Hunt LLP
Matthew Armitt / Ross Allister
Tel: +44 (0)20 7418 8900
Public & Investor Relations
Russell and Associates
Jim Jones/Leigh King
Tel: +27 (0)11 880 3924
Tavistock Communications
Ed Portman / Jos Simson / Mike Bartlett
Tel: +44 (0) 20 7920 3150
About Mwana Africa PLC
Mwana Africa PLC is a pan-African, multi-commodity mining and development company. Mwana's principal operations and exploration activities cover gold, nickel, copper and diamonds in Zimbabwe, the Democratic Republic of Congo (DRC) and South Africa.