Press releases

MDM purchases own shares

MDM purchases own shares

23 March 2009

MDM Engineering Group Limited announces that on 23 March 2009 it purchased through Numis Securities Limited 100,000 ordinary shares at an average price of 62 pence per share.  The purchased shares will all be held as treasury shares.

Following the above purchase, the Company holds 200,000 ordinary shares in Treasury and has a total of 37,259,107 ordinary shares (excluding shares held in Treasury) in issue. The number of ordinary shares purchased represented 0.27% of the voting rights attributable to the total ordinary shares in issue prior to such purchases.

Key Information:

MDM Engineering Group Limited is a minerals process and project management company that provides services to the mining industry. The Company provides a wide range of services from preliminary and final feasibility studies, through to plant design, construction and commissioning, to mining companies. To date, the Company’s clients have largely been junior and mid-tier mining corporations with operations in Africa.
The Company was established in November 2006. In February 2007 the Group purchased out of liquidation certain of the intellectual property and fixed assets of MDM Ferroman (Pty) Limited (“MDMF”), a mining services company with an established track record of providing services to the African mining industry. The Company subsequently employed a number of the technical staff of MDMF, and implemented an approach to project execution based on a transparent, open-book Engineering, Procurement, Construction Management (“EPCM” or “cost-plus”) basis. In May 2008, the Company successfully listed on the AIM market of the London Stock Exchange. The Company now has what the directors consider to be a strong portfolio of current studies and execution projects and a strong outlook of prospective work, which the directors believe provides the Company with an attractive and visible revenue stream to drive the Company’s growth in the future.


MDM Engineering Group Limited

Grant Lowman (Chief Executive)
Tel: +27 (0) 11 993 4300

Dominique de la Roche (Finance Director)
Tel: +27 (0) 11 993 4300

George Bennett (Executive Director)
Tel: +27 (0) 11 993 4300

Numis Securities Limited

John Harrison (Nominated Adviser)
Tel: +44 (0) 207 260 1000

James Black (Corporate Broker)
Tel: +44 (0) 207 260 1000

Pelham PR

Candice Sgroi
Tel: +44 (0) 207 337 1533

Chelsea Hayes
Tel : +44 (0) 207 337 1523


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