TIDMCMCL

RNS Number : 4612Z

Caledonia Mining Corporation PLC

12 January 2024

Caledonia Mining Corporation Plc

(NYSE AMERICAN, AIM and VFEX: CMCL)

Issue of Securities Pursuant to Long Term Incentive Plan Awards

St Helier, January 12, 2024: Caledonia Mining Corporation Plc ("the Company" or "Caledonia") announces that following the vesting of long-term incentive plan awards on January 11, 2024, which were awarded under the 2015 Omnibus Equity Incentive Compensation Plan of the Company, a total of 6,452 common shares of no par value in the Company are being issued to members of staff within the Company's group (none of whom are "Persons Discharging Managerial Responsibility" within the meaning of the Market Abuse Regulation (EU) No. 596/2014), including in the form of Zimbabwe depositary receipts in respect of such shares, on or about January 16, 2024.

Application has been made by Caledonia for the admission of depositary interests representing the shares to trading on AIM and it is anticipated that trading in such securities will commence on or about January 19, 2024.

Following issue of the shares, the Company will have a total number of shares in issue of 19,194,525 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.

Enquiries:

 
 Caledonia Mining Corporation Plc 
  Mark Learmonth                            Tel: +44 1534 679 800 
  Camilla Horsfall                          Tel: +44 7817 841 793 
 Cavendish Capital Markets Limited 
  (Nomad and Joint Broker)                  Tel: +44 207 397 1965 
  Adrian Hadden                             Tel: +44 131 220 9775 
  Pearl Kellie 
 Liberum Capital Limited (Joint Broker) 
  Scott Mathieson/Kane Collings             Tel: +44 20 3100 2000 
 Camarco, Financial PR (UK) 
  Gordon Poole                              Tel: +44 20 3757 4980 
  Julia Tilley 
  Elfie Kent 
 3PPB (Financial PR, North America) 
  Patrick Chidley                           Tel: +1 917 991 7701 
  Paul Durham                               Tel: +1 203 940 2538 
 Curate Public Relations (Zimbabwe) 
  Debra Tatenda                             Tel: +263 77802131 
 IH Securities (Private) Limited (VFEX 
  Sponsor - Zimbabwe)                       Tel: +263 (242) 745 
  Lloyd Mlotshwa                            119/33/39

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January 12, 2024 02:01 ET (07:01 GMT)

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