Further to the announcement made by Caledonia Mining Corporation Plc (NYSE American: CMCL; AIM: CMCL; VFEX: CMCL) (“the Company” or “Caledonia”) on April 10, 2024 relating to the issue of awards under the Company’s 2015 Omnibus Equity Incentive Compensation Plan (the “Plan”), Caledonia announces that an award of Restricted Share Units made to James Mufara, the Chief Operations Officer, vested on September 30, 2024.

A total of 14,694 common shares of no par value in the Company are being issued, in the form of depositary interests in respect of such shares, pursuant to the vesting of such award. Mr Mufara’s resulting interest in the share capital of the Company, following issue of such shares, will be 0.076%.

Further details of the issue of securities are set out in the notification below.

Application has been made by Caledonia for the admission of depositary interests representing the issued shares to trading on AIM and it is anticipated that trading in such securities will commence on or about October 4, 2024. Following issue of the shares, the Company will have a total number of shares in issue of 19,214,554 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 679 800 Tel: +44 7817 841 793
   
Cavendish Capital Markets Limited (Nomad and Joint Broker) Adrian Hadden Pearl Kellie Tel: +44 207 397 1965 Tel: +44 131 220 9775
   
Panmure Liberum (Joint Broker) Scott Mathieson Matt Hogg Tel: +44 20 3100 2000
   
Camarco, Financial PR (UK) Gordon Poole Julia Tilley Elfie Kent Tel: +44 20 3757 4980
   
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 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 James Mufara
2 Reason for the notification
a) Position/status Chief Operations 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 instrumentIdentification code Depositary interests representing common shares of no par valueJE00BF0XVB15
b) Nature of the transaction Issue of securities
c) Price(s) and volume(s)   Price(s) Volume(s)  
      US$15.02 14,694  
           
d) Aggregated information- Aggregated volume     - Price 14,694US$15.02
e) Date of the transaction September 30, 2024
f) Place of the transaction AIM of the London Stock Exchange plc
           
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