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Caledonia Mining Corporation Plc Issue of Securities Pursuant to Long Term Incentive Plan Awards and Issue of New Long Term Incentive Plan Awards

1. Caledonia Mining announces share issuance due to incentive plan awards. 2. 80,230 common shares to be issued around April 4, 2025. 3. PDMRs will receive shares based on performance metrics and ongoing employment. 4. Shares priced at approximately US$12.49, affecting employee equity compensation. 5. Total shares issued after this will be 19,294,784 with no treasury shares.

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Why Bullish?

The issuance of shares as incentives reflects confidence in company performance. Historical trends show positive stock reactions to employee equity incentives, as they align workforce interests with shareholder value.

How important is it?

The incentive plan directly affects employee motivation and aligns interests, positively influencing overall company performance and stock price. The planned issuance of shares indicates strategic growth intentions and is likely to resonate with investors.

Why Long Term?

The performance-based nature of the awards fosters alignment with long-term success. Similar companies have benefited from sustained employee engagement linked to performance-oriented compensation, indicating positive future outcomes.

Related Companies

GOLDAUMNSAND
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: NamePositionNumber of SecuritiesResulting interest in share capital of the Company (number and percentage)John Mark LearmonthDirector and Chief Executive Officer29,817216,848 (1.12%) 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 PDMRPositionValuesJohn Mark LearmonthDirector and Chief Executive OfficerUS$491,715.90James MufaraChief Operations OfficerUS$233,700.02Ross JerrardChief Financial OfficerUS$226,630.14andUS$75,000Victor GapareExecutive DirectorUS$205,427.81 The Grant, other than the award shown above to Mr Jerrard of $75,000 in value, is in the form of target Performance Units ("PUs"), as defined in the Plan. The vesting date for the PUs shall be the first business day in April 2028, or on the next applicable date that is not within a closed period. The award shown above to Mr Jerrard of $75,000 in value is in the form of Restricted Share Units (“RSUs”) and made as a one-off award in order to increase his compensation to be closer to the compensation he received at his former employment without increasing his base salary. The RSUs vest in tranches of a third on the first business day in April 2026, 2027 and 2028, or on the next applicable date that is not within a closed period. Dividends paid during the vesting period will be reinvested in additional RSUs for Mr Jerrard. 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$12.49 for the PUs and RSUs awarded on the Grant Date. 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 PlcMark LearmonthCamilla HorsfallTel: +44 1534 679 800Tel: +44 7817 841 793  Cavendish Capital Markets Limited (Nomad and Joint Broker)Adrian HaddenPearl KellieTel: +44 207 397 1965Tel: +44 131 220 9775  Panmure Liberum Limited (Joint Broker)Scott Mathieson/Ailsa MacMasterTel: +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 ChidleyPaul DurhamTel: +1 917 991 7701Tel: +1 203 940 2538  Curate Public Relations (Zimbabwe)Debra TatendaTel: +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 1Details of the person discharging managerial responsibilities/person closely associateda)NameJohn Mark Learmonth2Reason for the notification        a)Position/statusDirector and Chief Executive Officerb)Initial notification/ AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameCaledonia Mining Corporation Plcb)LEI21380093ZBI4BFM75Y514Details  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 conducteda)Description of the financial instrument, type of instrumentIdentification codeDepositary interests representing common shares of no par valueJE00BF0XVB15b)Nature of the transactionIssue of securitiesc)Price(s) and volume(s)Price(s)        Volume(s)US$12.4929,817d)Aggregated information        - Aggregated volume        - Pricen/ae)Date of the transaction1 April 2025f)Place of the transactionAIM of the London Stock Exchange plc NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM 1Details of the person discharging managerial responsibilities/person closely associateda)NameJohn Mark Learmonth2Reason for the notification        a)Position/statusDirector and Chief Executive Officerb)Initial notification/ AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameCaledonia Mining Corporation Plcb)LEI21380093ZBI4BFM75Y514Details 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 conducteda)Description of the financial instrument, type of instrumentIdentification codeCommon shares of no par value or depositary interests representing such common sharesJE00BF0XVB15b)Nature of the transactionAward of target performance units under the 2015 Omnibus Equity Incentive Compensation Plan which vest in the form of sharesc)Price(s) and volume(s)Price(s)Volume(s)Nil39,368d)Aggregated information        - Aggregated volume        - Pricen/ae)Date of the transaction1 April 2025f)Place of the transactionOutside a trading venue NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM 1Details of the person discharging managerial responsibilities/person closely associateda)NameVictor Gapare2Reason for the notification        a)Position/statusExecutive Directorb)Initial notification/ AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameCaledonia Mining Corporation Plcb)LEI21380093ZBI4BFM75Y514Details 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 conducteda)Description of the financial instrument, type of instrumentIdentification codeCommon shares of no par value, or depositary interests or depositary receipts representing such common sharesJE00BF0XVB15b)Nature of the transactionAward of target performance units under the 2015 Omnibus Equity Incentive Compensation Plan which vest in the form of sharesc)Price(s) and volume(s)Price(s)        Volume(s)Nil16,447d)Aggregated information        - Aggregated volume        - Pricen/ae)Date of the transaction1 April 2025f)Place of the transactionOutside a trading venue NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM 1Details of the person discharging managerial responsibilities/person closely associateda)NameJames Mufara2Reason for the notification        a)Position/statusChief Operations Officerb)Initial notification/ AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameCaledonia Mining Corporation Plcb)LEI21380093ZBI4BFM75Y514Details 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 conducteda)Description of the financial instrument, type of instrumentIdentification codeCommon shares of no par value, or depositary interests or depositary receipts representing such common sharesJE00BF0XVB15b)Nature of the transactionAward of target performance units under the 2015 Omnibus Equity Incentive Compensation Plan which vest in the form of sharesc)Price(s) and volume(s)Price(s)Volume(s)Nil18,710d)Aggregated information        - Aggregated volume        - Pricen/ae)Date of the transaction1 April 2025f)Place of the transactionOutside a trading venue NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM 1Details of the person discharging managerial responsibilities/person closely associateda)NameRoss Jerrard2Reason for the notification        a)Position/statusChief Financial Officerb)Initial notification/ AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameCaledonia Mining Corporation Plcb)LEI21380093ZBI4BFM75Y514Details 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 conducteda)Description of the financial instrument, type of instrumentIdentification codeCommon shares of no par value or depositary interests representing such common sharesJE00BF0XVB15b)Nature of the transactionAward of target performance units under the 2015 Omnibus Equity Incentive Compensation Plan which vest in the form of sharesc)Price(s) and volume(s)Price(s)Volume(s)Nil18,144d)Aggregated information        - Aggregated volume        - Pricen/ae)Date of the transaction1 April 2025f)Place of the transactionOutside a trading venue NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM 1Details of the person discharging managerial responsibilities/person closely associateda)NameRoss Jerrard2Reason for the notification        a)Position/statusChief Financial Officerb)Initial notification/ AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameCaledonia Mining Corporation Plcb)LEI21380093ZBI4BFM75Y514Details 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 conducteda)Description of the financial instrument, type of instrumentIdentification codeCommon shares of no par value or depositary interests representing such common sharesJE00BF0XVB15b)Nature of the transactionAward of restricted share units under the 2015 Omnibus Equity Incentive Compensation Plan which vest in the form of sharesc)Price(s) and volume(s)Price(s)Volume(s)Nil6,004d)Aggregated information        - Aggregated volume        - Pricen/ae)Date of the transaction1 April 2025f)Place of the transactionOutside a trading venue

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