MINING, MINERALS & METALS PLC

Share Issue/Capital Change • Dec 4, 2020

National Storage Mechanism | Additional information

RNS Number : 6356H

Mining Minerals & Metals PLC

04 December 2020

THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS RESTRICTED AND IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR AUSTRALIA OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL

4 December 2020

Mining, Mineral & Metals plc

("MMM" or the "Company")

Potential strategic investment in the Company 

Mining, Minerals and Metals plc (TIDM: MMM), the cash shell company seeking an acquisition in the mining or oil and gas sectors, notes the recent movement in the Company's share price and confirms that it is in discussions with a potential strategic investor (the "Investor") that may subscribe for shares in the Company that may result in a shareholding by the Investor of over 30% in the voting rights of the Company.  There is no guarantee that an agreement will be reached on such an investment, or what a resultant percentage holding might be subscribed for, or at what price any investment might be made. 

If discussions were to progress to an agreement, and the Investor were to conditionally subscribe for shares amounting to more than 30% of the Company's voting rights, the Company would seek a waiver from the Panel on Takeovers and Mergers (the "Panel") under Rule 9 of the City Code on Takeovers and Mergers (the "Code"), conditional on the approval by Independent Shareholders in General Meeting, of the obligation of the Investor  to make a Rule 9 offer under the Takeover Code as a consequence of the allotment and issue to it of any Shares. In addition, the Company would also seek approval by the FCA to the publication of a prospectus in respect of any subscription by the Investor.

For further information, please contact:

Mining, Minerals & Metals plc Matthew Bonner, Non-Executive Chairman Roy Pitchford, Non-Executive Director
VSA Capital Limited - Financial Adviser and Broker Andrew Raca, Maciek Szymanski	+44 (0) 20 3005 5000

Notices related to financial adviser

VSA Capital Limited, which is authorised and regulated by the Financial Conduct Authority in the United Kingdom, is acting exclusively for MMM and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than MMM for providing the protections afforded to its clients or for providing advice in connection with the subject matter of this announcement.

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