Caledonia Mining Corporation PLC Issue of Long-Term Incentive Awards (6256Z)
January 26 2022 - 2:00AM
UK Regulatory
TIDMCMCL
RNS Number : 6256Z
Caledonia Mining Corporation PLC
26 January 2022
Caledonia Mining Corporation Plc
(NYSE American: CMCL; AIM: CMCL; VFEX: CMCL)
Issue of Long-Term Incentive Awards
St Helier, January 26, 2022: Caledonia Mining Corporation Plc
(the "Company" or "Caledonia") announces that it has made new long
term incentive plan awards under the Company's 2015 Omnibus Equity
Incentive Compensation Plan (the "Plan"). Awards that have been
made to "Persons Discharging Managerial Responsibility" within the
meaning of the Market Abuse Regulation (EU) No. 596/2014 are as
follows :
Name Position Grant values
Steve Curtis Director and Chief Executive US$476,486.10
Officer
----------------------------- --------------
Mark Learmonth Director and Chief Financial US$441,945.00
Officer
----------------------------- --------------
Dana Roets Director and Chief Operating US$200,340.40
Officer
----------------------------- --------------
The awards are in the form of Performance Units ("PUs") as
defined in the Plan. The vesting date for the PUs shall be January
11, 2025.
The number of PUs awarded is equal to the monetary value of the
award divided by the "Fair Market Value" (as defined in the Plan)
of the Company's shares, being, in this case, 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$12.01 .
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, subject to certain minimum
and maximum thresholds.
Each PU that vests entitles the participant to receive one
Caledonia common share (or a security representing a share) on the
maturity of the award. Shares that are issued pursuant to vesting
PUs 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 Plc
Mark Learmonth Tel: +44 1534 679 802
Camilla Horsfall Tel: +44 7817 841793
WH Ireland
Adrian Hadden/ Andrew De Andrade Tel: +44 20 7220 1751
Blytheweigh Financial PR
Tim Blythe/Megan Ray Tel: +44 207 138 3204
3PPB
Patrick Chidley Tel: +1 917 991 7701
Paul Durham Tel: +1 203 940 2538
Curate Public Relations (Zimbabwe)
Debra Tatenda Tel: +263 77802131
Note: The information contained within this announcement is
deemed by the Company to constitute inside information under the
Market Abuse Regulation (EU) No. 596/2014 ("MAR") as it forms part
of UK domestic law by virtue of the European Union (Withdrawal) Act
2018 and is disclosed in accordance with the Company's obligations
under Article 17 of MAR.
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END
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