Caledonia Mining Corporation PLC Exercise of share options (9888X)

TIDMCMCL

RNS Number : 9888X

Caledonia Mining Corporation PLC

01 December 2017

Caledonia Mining Corporation Plc

(NYSE American: CMCL; AIM: CMCL; TSX: CAL)

Exercise of share options

St Helier, December 1, 2017: Caledonia Mining Corporation Plc ("Caledonia" or the "Company") announces that Mr John Kelly, a 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$4.50 per Option Share. Following this transaction, Mr Kelly owns 29,493 shares in the Company representing approximately 0.28 per cent of the issued share capital of the Company.

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 December 4, 2017.

Following issue of the Option Shares, the Company has a total number of shares in issue of 10,603,153 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                        Tel: [phone] 
  Maurice Mason                         Tel: [phone] 
 WH Ireland 
  Adrian Hadden/Ed Allsopp              Tel: [phone] 
 Blytheweigh 
  Tim Blythe/Camilla Horsfall/Megan     Tel: [phone] 
  Ray 
 

Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

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 L. Kelly 
---  -----------------------------  ----------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------- 
 a)   Position/status                Non-Executive Director 
---  -----------------------------  ----------------------------- 
 b)   Initial notification/          Initial notification 
       Amendment 
---  -----------------------------  ----------------------------- 
 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   Common shares of no par 
       instrument, type of            value 
       instrument 
 
       Identification code            JE00BF0XVB15 
---  -----------------------------  ----------------------------- 
 b)   Nature of the transaction      Exercise of share options 
---  -----------------------------  ----------------------------- 
 c)   Price(s) and volume(s)          Price(s)    Volume(s) 
                                      ----------  ---------- 
                                       CAD4.50     18,000 
                                      ----------  ---------- 
---  -----------------------------  ----------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume             18,000 
 
       - Price                         CAD81,000 
---  -----------------------------  ----------------------------- 
 e)   Date of the transaction        30 November 2017 
---  -----------------------------  ----------------------------- 
 f)   Place of the transaction       Outside a trading venue 
---  -----------------------------  ----------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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December 01, 2017 02:01 ET (07:01 GMT)