Caledonia Mining Corporation Plc Exercise of share options
Caledonia Mining Corporation Plc (NYSE American: CMCL; AIM: CMCL) announced that John McGloin, a non-executive director, has exercised options to acquire 18,000 common shares at CAD$11.50 each, totaling CAD$207,000. Following this transaction, McGloin holds about 0.15% of the company's issued share capital. The newly issued shares are set to commence trading on AIM around November 19, 2021, increasing the total shares in circulation to 12,136,823.
- John McGloin's acquisition of 18,000 shares at CAD$11.50 indicates insider confidence in the company's prospects.
- None.
ST HELIER, Jersey, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE American: CMCL; AIM: CMCL) (“Caledonia” or the “Company”) announces that Mr John McGloin, a non-executive director of the Company, has exercised options in respect of, and the Company has issued and allotted, 18,000 common shares of no par value each in the Company (the “Option Shares”). The exercise price was CAD
Application has been 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 or around November 19, 2021.
Following the issue of the Option Shares, the Company has a total number of shares in issue of 12,136,823 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 Camilla Horsfall | Tel: +44 1534 679 800 Tel: +44 7817 841 793 |
| WH Ireland (Nomad & Broker) Adrian Hadden/Andrew de Andrade | Tel: +44 20 7220 1751 |
| Blytheweigh Tim Blythe/Megan Ray | Tel: +44 207 138 3204 |
| 3PPB Patrick Chidley Paul Durham | Tel: +1 917 991 7701 Tel: +1 203 940 2538 |
| The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014 (“MAR”) as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR. | |
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | John McGloin | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Non-Executive Director | |||
| b) | Initial notification/ Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Caledonia Mining Corporation Plc | |||
| b) | LEI | 21380093ZBI4BFM75Y51 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Common shares of no par value JE00BF0XVB15 | |||
| b) | Nature of the transaction | Exercise of share options | |||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| CAD11.50 | 18,000 | ||||
| d) | Aggregated information - Aggregated volume - Price | 18,000 CAD207,000 | |||
| e) | Date of the transaction | 15 November 2021 | |||
| f) | Place of the transaction | Outside a trading venue | |||
FAQ
When did John McGloin exercise his options for CMCL shares?
How many shares did John McGloin acquire in Caledonia Mining Corporation?
What is the exercise price for the shares acquired by John McGloin?
What percentage of Caledonia Mining's issued shares does McGloin now hold?
When will trading for the new CMCL shares commence?
