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Caledonia Mining Corporation Plc: Sale of securities by director

In This Article:

ST HELIER, Jersey, Sept. 21, 2020 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (the “Company” or “Caledonia”) (NYSE American: CMCL; AIM: CMCL) announces that it has been notified that John Kelly, a director of Caledonia, has sold a total of 13,163 common shares of the Company. Mr Kelly now holds 16,330 shares which represent a holding of approximately 0.013% of the share capital of the Company.

Further details of the transaction are set out in the notification below.

For further information please contact:

Caledonia Mining Corporation Plc

Mark Learmonth

Tel: +44 1534 679 802

Camilla Horsfall

Tel: +44 7817 841793

WH Ireland

Adrian Hadden/James Sinclair-Ford

Tel: +44 20 7220 1751

Blytheweigh

Tim Blythe/Megan Ray

Tel: +44 207 138 3204

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 Kelly

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification/ Amendment

Initial notification

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 instrument, type of instrument

Common shares of no par value

Identification code

JE00BF0XVB15

b)

Nature of the transaction

Sale of securities

c)

Price(s) and volume(s)

Price(s)

Volume(s)

16 September 2020

USD19.62

5,181

18 September 2020

USD19.40

7,982

d)

Aggregated information

- Aggregated volume

13,163

- Price

USD19.49

e)

Date of the transaction

16 and 18 September 2020

f)

Place of the transaction

NYSE American LLC, NYSE ARCA, NASDAQ-NMS, BATS and off market transactions