Caledonia Mining Corporation Plc Issue of Securities Pursuant to Long Term Incentive Plan Awards and Issue of New Long Term Incentive Plan Awards
Caledonia Mining (NYSE AMERICAN, AIM, VFEX: CMCL) announces the issuance of 80,230 common shares on April 4, 2025, following the vesting of awards under their 2015 Omnibus Equity Incentive Compensation Plan. CEO John Mark Learmonth will receive 29,817 shares, increasing his holding to 216,848 shares (1.12%).
The company has also approved new long-term incentive plan awards to key executives, with CEO John Mark Learmonth receiving US$491,715.90, COO James Mufara US$233,700.02, CFO Ross Jerrard US$301,630.14 (including RSUs), and Executive Director Victor Gapare US$205,427.81. The awards are primarily in Performance Units (PUs) vesting in April 2028, with performance metrics tied to gold production, mineral resources, and cost reduction at Blanket Mine and Motapa.
Caledonia Mining (NYSE AMERICAN, AIM, VFEX: CMCL) annuncia l'emissione di 80.230 azioni ordinarie il 4 aprile 2025, a seguito dell'assegnazione di premi nel loro Piano di Compensazione Incentivante per l'Equità Omnibus del 2015. Il CEO John Mark Learmonth riceverà 29.817 azioni, aumentando la sua partecipazione a 216.848 azioni (1,12%).
L'azienda ha anche approvato nuovi premi per il piano di incentivazione a lungo termine per i dirigenti chiave, con il CEO John Mark Learmonth che riceverà 491.715,90 USD, il COO James Mufara 233.700,02 USD, il CFO Ross Jerrard 301.630,14 USD (inclusi RSU) e il Direttore Esecutivo Victor Gapare 205.427,81 USD. I premi sono principalmente in Unità di Performance (PU) che matureranno ad aprile 2028, con metriche di performance legate alla produzione di oro, risorse minerarie e riduzione dei costi presso Blanket Mine e Motapa.
Caledonia Mining (NYSE AMERICAN, AIM, VFEX: CMCL) anuncia la emisión de 80,230 acciones ordinarias el 4 de abril de 2025, tras la adquisición de premios bajo su Plan de Compensación por Incentivos de Capital Omnibus de 2015. El CEO John Mark Learmonth recibirá 29,817 acciones, aumentando su participación a 216,848 acciones (1.12%).
La empresa también ha aprobado nuevos premios para el plan de incentivos a largo plazo para ejecutivos clave, con el CEO John Mark Learmonth recibiendo 491,715.90 USD, el COO James Mufara 233,700.02 USD, el CFO Ross Jerrard 301,630.14 USD (incluyendo RSU) y el Director Ejecutivo Victor Gapare 205,427.81 USD. Los premios son principalmente en Unidades de Rendimiento (PU) que se otorgarán en abril de 2028, con métricas de rendimiento vinculadas a la producción de oro, recursos minerales y reducción de costos en Blanket Mine y Motapa.
칼레도니아 마이닝 (NYSE AMERICAN, AIM, VFEX: CMCL)는 2015년 포괄적 자본 인센티브 보상 계획에 따른 보상의 행사 이후 2025년 4월 4일에 80,230주를 발행한다고 발표했습니다. CEO 존 마크 리어몬스는 29,817주를 받아 보유 주식이 216,848주(1.12%)로 증가합니다.
회사는 또한 주요 임원들에게 새로운 장기 인센티브 계획 상을 승인했으며, CEO 존 마크 리어몬스는 491,715.90 USD, COO 제임스 무파라 233,700.02 USD, CFO 로스 제라드 301,630.14 USD(주식 보상 포함), 그리고 임원 디렉터 빅터 가파레 205,427.81 USD를 받게 됩니다. 이 상은 주로 2028년 4월에 행사되는 성과 단위(PU)로, 성과 지표는 블랭킷 광산 및 모타파의 금 생산, 광물 자원 및 비용 절감과 관련이 있습니다.
Caledonia Mining (NYSE AMERICAN, AIM, VFEX: CMCL) annonce l'émission de 80 230 actions ordinaires le 4 avril 2025, suite à l'acquisition de récompenses dans le cadre de leur Plan de Compensation par Incitation en Actions Omnibus de 2015. Le PDG John Mark Learmonth recevra 29 817 actions, portant sa participation à 216 848 actions (1,12%).
L'entreprise a également approuvé de nouvelles récompenses dans le cadre du plan d'incitation à long terme pour les cadres clés, le PDG John Mark Learmonth recevant 491 715,90 USD, le COO James Mufara 233 700,02 USD, le CFO Ross Jerrard 301 630,14 USD (y compris les RSU) et le Directeur Exécutif Victor Gapare 205 427,81 USD. Les récompenses sont principalement en Unités de Performance (PU) qui seront acquises en avril 2028, avec des indicateurs de performance liés à la production d'or, aux ressources minérales et à la réduction des coûts à Blanket Mine et Motapa.
Caledonia Mining (NYSE AMERICAN, AIM, VFEX: CMCL) gibt die Ausgabe von 80.230 Stammaktien am 4. April 2025 bekannt, nachdem die Auszeichnungen im Rahmen ihres 2015 Omnibus Equity Incentive Compensation Plans fällig wurden. CEO John Mark Learmonth erhält 29.817 Aktien, wodurch sich sein Bestand auf 216.848 Aktien (1,12%) erhöht.
Das Unternehmen hat außerdem neue langfristige Anreizplan-Auszeichnungen für Schlüsselmanager genehmigt, wobei CEO John Mark Learmonth 491.715,90 USD, COO James Mufara 233.700,02 USD, CFO Ross Jerrard 301.630,14 USD (einschließlich RSUs) und der geschäftsführende Direktor Victor Gapare 205.427,81 USD erhält. Die Auszeichnungen bestehen hauptsächlich aus Performance Units (PUs), die im April 2028 fällig werden, mit Leistungskennzahlen, die an die Goldproduktion, Mineralressourcen und Kostenreduzierung in der Blanket Mine und Motapa gebunden sind.
- Long-term executive compensation aligned with operational performance metrics
- CEO increases stake in company to 216,848 shares (1.12%)
- Performance-based vesting tied to gold production and resource expansion
- None.
ST HELIER, Jersey, April 02, 2025 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (“the Company” or “Caledonia”) (NYSE AMERICAN, AIM and VFEX: CMCL) announces that, pursuant to the vesting of awards made under the 2015 Omnibus Equity Incentive Compensation Plan of the Company (the “Plan”) and following the publication of financial results for the year ended December 31, 2024, a total of 80,230 common shares of no par value in the Company are being issued on or about April 4, 2025 to members of staff within the Company’s group, including in the form of depositary interests and Zimbabwe depositary receipts in respect of such shares (together the “Securities”).
The following “Persons Discharging Managerial Responsibility” within the meaning of the Market Abuse Regulation (EU) No. 596/2014 (“PDMRs”) shall receive the following Securities as set out below:
| Name | Position | Number of Securities | Resulting interest in share capital of the Company (number and percentage) |
| John Mark Learmonth | Director and Chief Executive Officer | 29,817 | 216,848 ( |
Application has been made by Caledonia for the admission of depositary interests representing all the issued shares to trading on AIM and it is anticipated that trading in such Securities will commence on or about April 10, 2025.
Following issue of all the Securities, the Company will have a total number of shares in issue of 19,294,784 common shares of no par value each. Caledonia has no shares in treasury; therefore, this figure may be used by holders of Securities 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.
Caledonia further announces that the Compensation Committee of the Board of Directors of the Company has approved the grant of new long term incentive plan awards under the Plan to members of staff in the group (the “Grant”), including to the following PDMRs with the following values as at April 1, 2025 (the “Grant Date”):
| Name of PDMR | Position | Values |
| John Mark Learmonth | Director and Chief Executive Officer | US |
| James Mufara | Chief Operations Officer | US |
| Ross Jerrard | Chief Financial Officer | US and US |
| Victor Gapare | Executive Director | US |
The Grant, other than the award shown above to Mr Jerrard of
The numbers of PUs and RSUs awarded are equal to the monetary values of the Grant divided by the "Fair Market Value" (as defined in the Plan) of the Company's shares, being the greater of (i) the closing price of Caledonia's shares on the NYSE American on the trading day preceding the date of the award or (ii) the volume-weighted average closing price of Caledonia's shares on the NYSE American for the five days preceding the date of the award, which resulted in a price of US
The final number of PUs which vest on maturity of the awards will be adjusted to reflect the actual performance of the Company in terms of various operating metrics including gold production at Blanket Mine, increase in the amount of mineral resources at Blanket Mine and Motapa and a reduction in controllable all-in-sustaining cost, subject to certain minimum and maximum thresholds. The RSUs have no performance requirement other than continued employment.
Each PU and RSU that vests entitles the PDMR to receive one Caledonia common share (or a security representing a share) on the maturity of the award. Securities that are issued to PDMRs pursuant to vesting PUs and RSUs are subject to a minimum holding period of one year in case vested awards become subject to forfeiture, reduction or cancellation.
Enquiries:
| Caledonia Mining Corporation Plc Mark Learmonth Camilla Horsfall | Tel: +44 1534 679 800 Tel: +44 7817 841 793 |
| Cavendish Capital Markets Limited (Nomad and Joint Broker) Adrian Hadden Pearl Kellie | Tel: +44 207 397 1965 Tel: +44 131 220 9775 |
| Panmure Liberum Limited (Joint Broker) Scott Mathieson/Ailsa MacMaster | Tel: +44 20 3100 2000 |
| Camarco, Financial PR (UK) Gordon Poole/Fergus Young/Elfie Kent | Tel: +44 20 3757 4980 |
| 3PPB (Financial PR, North America) Patrick Chidley Paul Durham | Tel: +1 917 991 7701 Tel: +1 203 940 2538 |
| 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 |
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 Mark Learmonth | |
| 2 | Reason for the notification | ||
| a) | Position/status | Director and Chief Executive Officer | |
| 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 | Depositary interests representing common shares of no par value JE00BF0XVB15 | |
| b) | Nature of the transaction | Issue of securities | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| US | 29,817 | ||
| d) | Aggregated information - Aggregated volume - Price | n/a | |
| e) | Date of the transaction | 1 April 2025 | |
| f) | Place of the transaction | AIM of the London Stock Exchange plc | |
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 Mark Learmonth | |
| 2 | Reason for the notification | ||
| a) | Position/status | Director and Chief Executive Officer | |
| 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 or depositary interests representing such common shares JE00BF0XVB15 | |
| b) | Nature of the transaction | Award of target performance units under the 2015 Omnibus Equity Incentive Compensation Plan which vest in the form of shares | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 39,368 | ||
| d) | Aggregated information - Aggregated volume - Price | n/a | |
| e) | Date of the transaction | 1 April 2025 | |
| f) | Place of the transaction | Outside a trading venue | |
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 | Victor Gapare | |
| 2 | Reason for the notification | ||
| a) | Position/status | 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, or depositary interests or depositary receipts representing such common shares JE00BF0XVB15 | |
| b) | Nature of the transaction | Award of target performance units under the 2015 Omnibus Equity Incentive Compensation Plan which vest in the form of shares | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 16,447 | ||
| d) | Aggregated information - Aggregated volume - Price | n/a | |
| e) | Date of the transaction | 1 April 2025 | |
| f) | Place of the transaction | Outside a trading venue | |
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 | James Mufara | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Operations Officer | |
| 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, or depositary interests or depositary receipts representing such common shares JE00BF0XVB15 | |
| b) | Nature of the transaction | Award of target performance units under the 2015 Omnibus Equity Incentive Compensation Plan which vest in the form of shares | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 18,710 | ||
| d) | Aggregated information - Aggregated volume - Price | n/a | |
| e) | Date of the transaction | 1 April 2025 | |
| f) | Place of the transaction | Outside a trading venue | |
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 | Ross Jerrard | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Financial Officer | |
| 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 or depositary interests representing such common shares JE00BF0XVB15 | |
| b) | Nature of the transaction | Award of target performance units under the 2015 Omnibus Equity Incentive Compensation Plan which vest in the form of shares | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 18,144 | ||
| d) | Aggregated information - Aggregated volume - Price | n/a | |
| e) | Date of the transaction | 1 April 2025 | |
| f) | Place of the transaction | Outside a trading venue | |
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 | Ross Jerrard | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Financial Officer | |
| 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 or depositary interests representing such common shares JE00BF0XVB15 | |
| b) | Nature of the transaction | Award of restricted share units under the 2015 Omnibus Equity Incentive Compensation Plan which vest in the form of shares | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 6,004 | ||
| d) | Aggregated information - Aggregated volume - Price | n/a | |
| e) | Date of the transaction | 1 April 2025 | |
| f) | Place of the transaction | Outside a trading venue | |
FAQ
How many shares will CMCL issue on April 4, 2025?
What is the total value of the new incentive plan award granted to CMCL's CEO?
When will the new CMCL Performance Units (PUs) vest?
What performance metrics will determine CMCL's PU vesting in 2028?
