Exercise of share options

Application has been made by Caledonia for the Option Shares to be admitted in the form of depositary interests to trading on AIM and it is anticipated that trading in such securities will commence on or around November 19, 2021. 

Following the issue of the Option Shares, the Company has a total number of shares in issue of 12,136,823 common shares of no par value each.  Caledonia has no shares in treasury; therefore, this figure may be used by holders 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
Tel: +44 1534 679 800
Camilla Horsfall
Tel: +44 7817 841 793 

WH Ireland (Nomad & Broker)
Adrian Hadden/Andrew de Andrade
Tel: +44 20 7220 1751

Blytheweigh
Tim Blythe/Megan Ray
Tel: +44 207 138 3204

3PPB
Patrick Chidley
Tel: +1 917 991 7701
Paul Durham
Tel: +1 917 991 7701

Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch

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: John McGloin

2. Reason for the notification     

a) Position/status: Non-Executive Director
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: Common shares of no par value
Identification code: JE00BF0XVB15
b) Nature of the transaction: Exercise of share options
c) Price(s) and volume(s)
Price(s): CAD11.50            
Volume(s): 18,000
d) Aggregated information
– Aggregated volume: 18,000  
– Price: CAD207,000
e) Date of the transaction: 15 November 2021
f) Place of the transaction: Outside a trading venue