Caledonia declares quarterly dividend
St Helier, April 3, 2023 - Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) (“Caledonia” or the “Company” - https://www.commodity-tv.com/ondemand/companies/profil/caledonia-mining-corporation-plc/) is pleased to announce that the Board of Directors has declared a quarterly dividend of 14 United States cents (US$0.14) on each of the Company's shares.
Commenting on the announcement, Mark Learmonth, Chief Executive Officer, said:
“The total dividend paid for 2022 was 56 cents per share, a 12% increase on the 50 cents per share in 2021. The quarterly dividend, which remains at 14 cents a share, continues to be an important part of the Company’s strategy and we believe sets us apart from our peer group.”
The relevant dates relating to the dividend are as follows:
- Ex-dividend date VFEX: April 12, 2023
- Ex-dividend date AIM and NYSE: April 13, 2023
- Record date: April 14, 2023
- Payment date: April 28, 2023
Shareholders with a registered address in the UK will be paid in Sterling.
Caledonia's Dividend Policy
Caledonia's strategy to maximise shareholder value includes a quarterly dividend policy which the Board adopted in 2014. The Board will consider future increases in the dividend as appropriate in line with its prudent approach to risk management.
Enquiries:
Caledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall
Tel: +44 1534 679 800
Tel: +44 7817 841 793
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 (UK)
Tim Blythe/Megan Ray
Tel: +44 207 138 3204
3PPB (Financial PR, North America)
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)
Lloyd Mlotshwa
In Europe:
Swiss Resource Capital AG
Jochen Staiger & Marc Ollinger
Tel: +263 (242) 745 119/33/39
Note: This announcement contains inside information which is disclosed in accordance with 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.
