Caledonia Mining Corporation Plc: Utilisation of the block admission in respect of ATM Sales Agreement

Rhea-AI Summary

Caledonia Mining Corporation Plc provides information on its 'At the Market' sales agreement with Cantor Fitzgerald & Co, including details on the number and class of securities issued and allotted during the period, as well as the balance under the scheme of securities not yet issued. This includes 2,000,000 depositary interests representing the same number of common shares that were admitted on May 19, 2023.

ST HELIER, Jersey, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) (“Caledonia” or the “Company”) gives below the information required by Schedule Six of the AIM Rules for Companies in connection with its "At the Market" or "ATM" sales agreement with Cantor Fitzgerald & Co (“Cantor”) (the “ATM Sales Agreement”), as announced on May 18, 2023.

Name of company:	Caledonia Mining Corporation Plc
Name of scheme:	ATM Sales Agreement
Period of return:	From May 19, 2023 to November 17, 2023
Number and class of securities not issued under the scheme:	2,000,000 depositary interests representing the same number of common shares
Number of securities issued/allotted under scheme during period:	Nil
Balance under scheme of securities not yet issued/allotted at end of period:	2,000,000 depositary interests representing the same number of common shares
Number and class of securities originally admitted pursuant to the scheme and the date of admission:	2,000,000 depositary interests representing the same number of common shares on May 19, 2023
Contact name and telephone number:	As below

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 Neil McDonald Pearl Kellie	Tel: +44 (0)20 7220 0500
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) 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

FAQ

What is the 'At the Market' sales agreement with Cantor Fitzgerald & Co?

The 'At the Market' sales agreement with Cantor Fitzgerald & Co is a method of offering shares into the market at prevailing market prices.

How many securities were issued under the scheme during the period?

No securities were issued or allotted under the scheme during the period from May 19, 2023, to November 17, 2023.

What is the balance under the scheme of securities not yet issued?

The balance under the scheme of securities not yet issued at the end of the period is 2,000,000 depositary interests representing the same number of common shares.