REG - Caledonia Mining Crp - Change of Chairman

Caledonia MiningAnnouncement

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RNS Number : 4431C  Caledonia Mining Corporation PLC  30 April 2026

 

 

Caledonia Mining Corporation Plc

(NYSE American, AIM and VFEX: CMCL)

Change of Chairman

St Helier, Jersey - April 30, 2026: Caledonia Mining Corporation Plc
("Caledonia" or "the Company") announces that John Kelly has notified the
board of directors of the Company (the "Board") of his intention, as part of
the Board's succession plan, to step down as chairman of the Board (the
"Chairman") with effect from the end of the annual general meeting of the
shareholders of the Company to be held on May 5, 2026 (the "AGM").

The Board is pleased to announce that July Ndlovu, currently an independent
non-executive director, has offered to become the new Chairman.  His
appointment as Chairman is subject to election by the Board immediately
following the AGM in accordance with the annual Chairman election process. An
announcement of the new Chairman will accompany the announcement of the
results of the AGM.

Mr Kelly, who joined the Board in May 2012 and has served as Chairman for the
past three years will, providing he is re-elected as a director of the Company
by shareholders at the AGM,  continue to serve on the Board as a
non‑executive director, thus providing continuity and the ongoing benefit of
his experience and insight.

During his tenure as Chairman, Mr Kelly has guided the Board through a
significant period of transition and change at Caledonia, providing
stewardship over the continued operational delivery at Blanket Mine while
supporting the advancement of the Company's growth strategy.

Commenting on handing over the role of Chairman, John Kelly said:

"It has been a privilege to serve as Chairman over the past three years, and
to have supported the Company through a period of significant transition and
change. Caledonia is well positioned for the future, underpinned by the strong
performance of Blanket Mine and the progress being made towards Caledonia's
next phase of growth. I have no doubt that July as Chairman will enhance the
prospects for our continued success. I look forward to continuing to support
the Board and management as a non‑executive director and to working closely
with the new Chairman."

July Ndlovu commented:

"I am honoured to be considered for the role of Chairman at an important point
in the Company's development. The business has strong operating foundations
and a compelling growth opportunity in the Bilboes project, which has the
potential to take Caledonia into its next stage of growth.

"I would also like to thank John, on behalf of the Board, for his leadership
and guidance as Chairman. I am very pleased that he will continue to serve as
a non‑executive director, and I look forward to working closely with him,
the Board and management team to help guide the Company through this next
phase and to deliver long‑term value for shareholders."

Mark Learmonth, Chief Executive Officer, added:

"On behalf of the Board and management team, I would like to thank John for
his contribution and counsel over many years, and particularly for his
stewardship as Chairman over the past three years during a period of change
for the Company. His guidance and focus on governance and strategic progress
have been invaluable, and I am glad that he intends to remain on the Board. I
look forward to working closely with July once he is formally elected by the
Board as Chairman as we continue to advance Caledonia's strategy, including
the development of the Bilboes project."

For further information please contact:

 Caledonia Mining Corporation Plc

 Mark Learmonth                                             Tel: +44 1534 679 800

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

 Adrian Hadden                                              Tel: +44 207 397 1965

 Pearl Kellie                                               Tel: +44 131 220 9775
 Camarco, Financial PR (UK)

 Gordon Poole                                               Tel: +44 20 3757 4980

 Julia Tilley

 Elfie Kent
 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

 

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