Caledonia Mining Corporation's Recent Securities Issuance Update
Caledonia Mining Corporation Plc Announces Securities Issuance
Caledonia Mining Corporation Plc (NYSE American: CMCL; AIM: CMCL) has recently made a significant announcement regarding the issuance of securities. This pertains to an award granted under the 2015 Omnibus Equity Incentive Compensation Plan, specifically involving the Chief Operations Officer, James Mufara.
Overview of Award Details
With the vesting of his Restricted Share Units on September 30, 2024, Mr. Mufara will receive a total of 14,694 common shares. These shares will be issued as depositary interests, which represent a small fraction of the company's entire share capital. Following this issuance, Mr. Mufara will possess approximately 0.076% of the total shares outstanding.
Trading and Admission Information
Caledonia Mining Corporation is taking the necessary steps to ensure these newly issued shares can be traded effectively. An application has been made for the admission of depositary interests to the AIM Exchange, with trading expected to begin on approximately October 4, 2024. After this issuance, the total number of shares in circulation will rise to 19,214,554 common shares of no par value.
Considerations for Current and Prospective Shareholders
For current shareholders, this update is crucial as it provides them with the necessary information regarding their respective stakes following the issuance. As Caledonia has no shares held in treasury, the total share count serves as an essential reference point for any regulatory notifications regarding changes in their interests.
Contact Information for Inquiries
For more details about this announcement, stakeholders can reach out directly to the Caledonia Mining Corporation through their contacts:
Mark Learmonth
Camilla Horsfall
Tel: +44 1534 679 800
Tel: +44 7817 841 793
Additional Contacts for Financial Queries
Financial inquiries can also be directed to:
Cavendish Capital Markets Limited (Nomad and Joint Broker) at +44 207 397 1965 or +44 131 220 9775.
Communicating to the Public
Camarco, the Financial PR agency in the UK, can be reached at +44 20 3757 4980 for further inquiries about how this announcement aligns with broader market trends.
Understanding the Regulatory Context
It is pertinent to note that this information is considered inside information as per the Market Abuse Regulation (EU) No. 596/2014. Caledonia Mining Corporation is committed to compliance with these regulations and fulfilling its disclosure obligations.
Frequently Asked Questions
What are Restricted Share Units?
Restricted Share Units (RSUs) are a form of stock compensation awarded to employees, often tied to performance or time-based vesting requirements.
How will shareholders be affected by the new issuance?
The new issuance will dilute the ownership percentage of existing shareholders, making the total shares outstanding a vital reference for evaluating their stake.
When will trading on AIM commence?
Trading of the issued shares is anticipated to begin on or around October 4, 2024.
Who should I contact for more information regarding this announcement?
Shareholders and interested parties can contact Mark Learmonth or Camilla Horsfall at Caledonia Mining Corporation for inquiries related to this announcement.
What is the significance of the total shares outstanding?
The total shares outstanding provides a clear denominator for shareholders to calculate their interest and determine if any regulatory notifications are necessary.
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