Caledonia Mining Corporation Plc Exercise of share options
ST HELIER, June 03, 2020 - Caledonia Mining Corporation plc (“Caledonia” or the “Company”) (NYSE American: CMCL; AIM: CMCL; TSX: CAL) announces that it has issued and allotted 2,500 common shares of no par value each in the Company pursuant to the exercise of share options (the “Option Shares”).
Application will be made by Caledonia for the Option Shares to be admitted in the form of depositary interests to trading on AIM and it is anticipated that trading in such securities will commence on June 8, 2020.
Following issue of the Option Shares, the Company has a total number of shares in issue of 11,518,360 common shares of no par value each. Caledonia has no shares in treasury; therefore, this figure may be used by holders 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.
For further information please contact:
| Caledonia Mining Corporation plc Mark Learmonth Maurice Mason | Tel: +44 1534 679 800 Tel: +44 759 078 1139 |
| WH Ireland (Nomad & Broker) Adrian Hadden/James Sinclair-Ford | Tel: +44 20 7220 1751 |
| Blytheweigh Tim Blythe/Camilla Horsfall/Megan Ray | Tel: +44 207 138 3204 |
| 3PPB Patrick Chidley Paul Durham | Tel: +1 917 991 7701 Tel: +1 203 940 2538 |