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

Rhea-AI Summary

Caledonia Mining Plc has provided an update on its 'At the Market' (ATM) sales agreement with Cantor Fitzgerald & Co., covering the period from November 17, 2023, to May 17, 2024.

During this period, no securities were issued or allotted under the scheme. The company has a balance of 2,000,000 depositary interests representing the same number of common shares that have not yet been issued or allotted. The ATM Sales Agreement originally admitted 2,000,000 depositary interests on May 19, 2023.

This update is in compliance with Schedule Six of the AIM Rules for Companies.

Positive

• Caledonia Mining has maintained a balance of 2,000,000 depositary interests that can potentially be issued, indicating readiness for future capital raising.
• The company is compliant with AIM Rules for Companies, showcasing transparency and regulatory adherence.

Negative

• No securities were issued or allotted during the specified period, potentially indicating lack of investor interest or unfavorable market conditions.

ST HELIER, Jersey, May 20, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (“Caledonia” or “the Company”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) 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 November 17, 2023 to May 17, 2024
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 Pearl Kellie	Tel: +44 207 397 1965 Tel: +44 131 220 9775
Liberum Capital Limited (Joint Broker) Scott Mathieson Matt Hogg	Tel: +44 20 3100 2000
Camarco, Financial PR (UK) Gordon Poole Julia Tilley 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

FAQ

What is the ATM Sales Agreement of Caledonia Mining?

The ATM Sales Agreement is an 'At the Market' offering with Cantor Fitzgerald & Co. allowing Caledonia Mining to issue and sell its securities.

How many securities were issued under CMCL's ATM Sales Agreement from November 2023 to May 2024?

No securities were issued or allotted under the ATM Sales Agreement during this period.

What is the current balance of securities not yet issued under Caledonia Mining's ATM Sales Agreement?

The current balance of securities not yet issued under the ATM Sales Agreement is 2,000,000 depositary interests.

When were the 2,000,000 depositary interests originally admitted under Caledonia Mining's ATM Sales Agreement?

The 2,000,000 depositary interests were originally admitted on May 19, 2023.

Who is the broker for Caledonia Mining's ATM Sales Agreement?

Cantor Fitzgerald & Co. is the broker for Caledonia Mining's ATM Sales Agreement.