REG - Caledonia Mining Crp - Zimbabwe Placing - Issue of Further Shares

Caledonia MiningAnnouncement

14/04/2023 07:00

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RNS Number : 1756W  Caledonia Mining Corporation PLC  14 April 2023

Caledonia Mining Corporation Plc

Zimbabwe Placing - Issue of Further Shares

(NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL)

 

St Helier, April 14, 2023 - Caledonia Mining Corporation Plc ("Caledonia" or
the "Company") announces the issue of a further 1,814 shares in relation to
the Zimbabwe Placing.

 

The Company announced on April 11, 2023 that the Zimbabwe Placing had raised
approximately US$5.825 million before expenses with a total of 423,951 ZDRs
having been placed at the Placing Price of $13.74 each. Together with the
781,749 Placing Shares that were admitted to trading on AIM on March 30, 2023,
a total of 1,205,700 common shares had therefore been placed in the form of
depositary interests and ZDRs and the Fundraise had raised in total
approximately US$16.566 million before expenses.

 

Due to administrative issues in Zimbabwe, a further 1,814 ZDRs had been
subscribed and paid for but not recorded and notified to the Company prior to
the announcement.  The Company has therefore instructed the issue of a
further 1,814 shares and ZDRs.  As a result, the total raised by the Zimbabwe
Placing is approximately US$5.850 million before expenses for the issue of a
total of 425,765 ZDRs.  In total, therefore, the Fundraise raised
approximately US$16.591 million before expenses.

 

Admission, settlement and dealings

An application has been made to the London Stock Exchange plc for 1,814
depository interests representing the ZDRs to be admitted to trading on AIM
("Admission").

Admission is expected to occur at 8.00 a.m. on April 19, 2023. The shares
issued in respect of the ZDRs will rank pari passu with the common shares in
the Company, with settlement scheduled for the date of Admission.

Following the issue of the ZDRs, the Company will have a total number of
shares in issue of 19,188,073 common shares of no par value each, all of which
have voting rights. This figure may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or any change to their interest in, the Company.

Other than where defined, capitalised terms used in this announcement have the
meanings given to them in the announcements made on March 24, 2023.

Enquiries:

 Caledonia Mining Corporation Plc

 Mark Learmonth                                             Tel: +44 1534 679 800

 Camilla Horsfall                                           Tel: +44 7817 841 793
 Cenkos Securities plc (Nomad and Joint Broker)

 Adrian Hadden                                              Tel: +44 207 397 1965

 Neil McDonald                                              Tel: +44 131 220 9771

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

 Scott Mathieson/Kane Collings                              Tel: +44 20 3100 2000
 BlytheRay Financial PR (UK)

 Tim Blythe/Megan Ray                                       Tel: +44 207 138 3204

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

 Patrick Chidley                                            Tel: +1 203 940 2538

 Paul Durham
 Curate Public Relations (Zimbabwe)                         Tel: +263 77802131

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

 Lloyd Mlotshwa

 

 

 

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