REG - Caledonia Mining Crp - Non-Executive Director Changes

Caledonia MiningAnnouncement

18/03/2024 07:00

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RNS Number : 1118H  Caledonia Mining Corporation PLC  18 March 2024

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                                              Tel: +44 1534 679 800

 Camilla Horsfall                                            Tel: +44 7817 841 793
 Cavendish Capital Markets Limited (Nomad and Joint Broker)

 Adrian Hadden                                               Tel: +44 207 397 1965

 Pearl Kellie                                                Tel: +44 131 220 9775
 Liberum Capital Limited (Joint Broker)

 Scott Mathieson/ Matt Hogg                                  Tel: +44 20 3100 2000

 Camarco, Financial PR (UK)                                  Tel: +44 20 3757 4980

 Gordon Poole

 Julia Tilley

 Elfie Kent
 3PPB (Financial PR, North America)                          Tel: +1 917 991 7701

 Patrick Chidley                                             Tel: +1 203 940 2538

 Paul Durham
 Curate Public Relations (Zimbabwe)

 Debra Tatenda                                               Tel: +263 77802131

 IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)   Tel: +263 (242) 745 119/33/39

 Lloyd Mlotshwa

 

 

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.

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