Caledonia Mining Corporation Plc - Issue of Securities Pursuant to Long Term Incentive Plan Awards
St Helier, January 12, 2023: Caledonia Mining Corporation Plc (the “Company” or “Caledonia” - https://www.commodity-tv.com/ondemand/companies/profil/caledonia-mining-corporation-plc/) (NYSE American: CMCL; AIM: CMCL; VFEX: CMCL) announces that following the maturing of long term incentive plan awards on January 11, 2023 which were made under the 2015 Omnibus Equity Incentive Compensation Plan of the Company (the “Plan”), a total of 24,389 common shares of no par value in the Company are being issued to members of staff within the Company’s group, including in the form of depositary interests and Zimbabwe depositary receipts in respect of such shares, on or about January 16, 2023. The following “Persons Discharging Managerial Responsibility” within the meaning of the Market Abuse Regulation (EU) No. 596/2014 (“PDMRs”) shall receive the securities set out below:
Name
Position
Number of depositary interests
Resulting interest in share capital of the Company (number and percentage)
Mark Learmonth
Director and Chief Executive Officer
10,330
181,397 (1.10%)
Chester Goodburn
Chief Financial Officer
1,526
7,861 (0.05%)
Further details of the issues of securities to such persons are set out in the notifications below.
Application has been made by Caledonia for the admission of depositary interests representing all the issued shares to trading on AIM and it is anticipated that trading in such securities will commence on or about January 17, 2023. Following issue of all the shares, the Company will have a total number of shares in issue of 17,283,312 common shares of no par value each. Caledonia has no shares in treasury; therefore, this figure may be used by holders of securities in the Company as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company.
For further information please contact:
Caledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall
Tel: +44 1534 679 802
Tel: +44 7817 841793
Cenkos Securities plc (Nomad and Joint Broker)
Adrian Hadden
Neil McDonald
Pearl Kellie
Tel: +44 207 397 1965
Tel: +44 131 220 9771
Tel: +44 131 220 9775
Liberum Capital Limited (Joint Broker)
Scott Mathieson/Kane Collings
Tel: +44 20 3100 2000
BlytheRay Financial PR
Tim Blythe/Megan Ray
Tel: +44 207 138 3204
3PPB
Patrick Chidley
Paul Durham
Tel: +1 917 991 7701
Tel: +1 203 940 2538
Curate Public Relations (Zimbabwe)
Debra Tatenda
Tel: +263 77802131
IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)
Dzika Dhana
Lloyd Mlotshwa
In Europe:
Swiss Resource Capital AG
Jochen Staiger & Marc Ollinger
Tel: +263 (242) 745 119/33/39
Note: The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014 (“MAR”) as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Mark Learmonth
2
Reason for the notification
a)
Position/status
Director and Chief Executive Officer
b)
Initial notification/ Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Caledonia Mining Corporation Plc
b)
LEI
21380093ZBI4BFM75Y51
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Depositary interests representing common shares of no par value
JE00BF0XVB15
b)
Nature of the transaction
Issue of securities
c)
Price(s) and volume(s)
Price(s)
Volume(s)
US$14.40
10,330
d)
Aggregated information
- Aggregated volume
- Price
10,330
US$14.40
e)
Date of the transaction
11 January 2023
f)
Place of the transaction
AIM of the London Stock Exchange plc
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Chester Goodburn
2
Reason for the notification
a)
Position/status
Chief Financial Officer
b)
Initial notification/ Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Caledonia Mining Corporation Plc
b)
LEI
21380093ZBI4BFM75Y51
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Depositary interests representing common shares of no par value
JE00BF0XVB15
b)
Nature of the transaction
Issue of securities
c)
Price(s) and volume(s)
Price(s)
Volume(s)
US$14.40
1,526
d)
Aggregated information
- Aggregated volume
- Price
1,526
US$14.40
e)
Date of the transaction
11 January 2023
f)
Place of the transaction
AIM of the London Stock Exchange plc