Caledonia
Mining Corporation Plc
Non-Executive Director Changes
(NYSE AMERICAN: CMCL; AIM: CMCL; VFEX:
CMCL)
St Helier, March 18,
2024: Caledonia Mining Corporation
Plc ("Caledonia" or the "Company") is pleased to announce that
Tariro Gadzikwa has joined Caledonia's Board of Directors as an
Independent Non-Executive Director with effect from March 15,
2024.
It also announces that Steve Curtis,
who retired as Chief Executive Officer of the Company in June 2022
and remained on the Board as a Director in a non-executive capacity
since then, has decided to step down from the Board and as such
will not be seeking re-appointment as a Director at the next annual
general meeting. He will therefore leave the Board with effect from
the next annual general meeting of the Company.
Mr John Kelly, Chairman of the
Board, commented:
"I am delighted to
welcome Tariro to Caledonia's Board. She has
significant board experience and particular expertise in audit,
risk management, corporate finance and finance strategy
development. Her skills will be of great value to the Board. As a
Zimbabwean national based in Johannesburg, Tariro will add further
depth to the Board's considerable experience in Southern Africa. I
look forward to working with her.
"I would
also like to thank Steve for his continued contribution to the
Board in a non-executive capacity since stepping down as Chief
Executive Officer in June 2022 and am pleased he has agreed to
remain a consultant to Caledonia, where management can continue to
benefit from his experience and insight."
Tariro Gadzikwa
Tariro is a chartered accountant and
the Founder and Chief Executive Officer of MWJ Consulting
Proprietary Limited, an advisory firm specialising in financial
reporting and due diligence for listed and private equity clients
within the mining, oil and gas and energy sectors.
Prior to founding MWJ, she was Group
Chief Financial Officer of Efora Energy Ltd ("Efora", formerly
SacOil Holdings) at which she held various executive roles in the
finance team over eight years. She started her career at PwC in
Zimbabwe and subsequently worked in the Johannesburg, Baltimore and
London offices, where she provided audit and financial advisory
services including financial due diligence and strategy development
to medium and large corporates in Zimbabwe, South Africa, the US
and UK.
She has held a number of board
positions, including most recently at Efora and several of its
subsidiaries in South Africa, Seychelles, Nigeria and Botswana, and
currently serves on the board of Structured Risk Solutions where
she chairs the Nominations Committee.
She graduated from Rhodes
University, South Africa with a B.Com in accounting in
2001.
Further details required by the AIM
Rules can be found at Appendix 1.
Enquiries:
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
|
Liberum Capital Limited (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
|
Appendix 1 - Current and Previous Directorships
of Tariro Gadzikwa and other matters required to
be notified in accordance with paragraph (g) of Schedule 2 to the
AIM Rules
The names of all companies and
partnerships of which Tariro
Gadzikwa has been a director or partner at
any time in the previous five years are set
out below.
Company
|
Status
|
MWJ Consulting Proprietary Limited
|
Current
|
Structured Risk Solutions
Proprietary
Ltd
|
Current
|
Efora Energy Limited
|
Previous
|
Efora Proprietary Limited
|
Previous
|
Efora Holdings Proprietary
Limited
|
Previous
|
SacOil 233 Nigeria
Limited
|
Previous
|
SacOil 281 Nigeria
Limited
|
Previous
|
SacOil Holding Nigeria
Limited
|
Previous
|
SacOil Energy Equity Resources
Limited
|
Previous
|
Baltimore Manganese Mine Proprietary
Limited
|
Previous
|
Bushveld Pioneer Proprietary
Limited
|
Previous
|
Pioneer Coal Proprietary
Limited
|
Previous
|
RDK Mining Proprietary
Limited
|
Previous
|
|
|
Afric Oil Proprietary
Limited
|
Previous
|
Afric Oil Petroleum (Private)
Limited
|
Previous
|
Transfer Holdings (Proprietary)
Limited
|
Previous
|
Tariro's full name is Tariro Rudo
Gadzikwa (maiden
name Mudzimuirema). She is 46 years old.
Tariro holds
no shares or share options in the Company.
Tariro was a non-executive director
of Afric Oil Proprietary Limited until July 2020. Afric Oil
Proprietary Limited was placed under
voluntary business rescue in April 2021 as
a direct consequence of the impact of COVID-19 lockdown measures on
the business.
There are no other matters which
have been disclosed to the Company that are required to be
announced pursuant to paragraph (g) of Schedule 2 to the AIM
Rules.