ST HELIER, CHANNEL ISLANDS--(Marketwired - Dec. 14, 2016) - Caledonia Mining Corporation Plc (TSX:CAL)(OTCQX:CALVF)(AIM:CMCL) ("Caledonia" or the "Company") announces that it received notice yesterday that Mr Johan Holtzhausen (an independent non-executive director and chairman of the audit committee) has exercised options over 90,000 common shares of no par value each ("Option Shares") in the Company at an exercise price of 72 Canadian cents per share. Caledonia will apply for these 90,000 Option Shares to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on 20 December 2016 ("Admission"). Following Admission, Mr. Holtzhausen will hold 90,000 Caledonia common shares, representing approximately 0.18 per cent of the total number of common shares in issue.
The total number of shares in issue following Admission will be 52,787,428.
Caledonia has no shares in Treasury, therefore this figure may be used by Shareholders, from Admission, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
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 | Johan Holtzhausen | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Non-Executive 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 | N/A | |||
| 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 each | |||
| Identification code | JE00BD35H902 | ||||
| b) | Nature of the transaction | Exercise of share options | |||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| 72 Canadian cents | 90,000 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 90,000 | ||||
| - Price | 72 Canadian cents | ||||
| e) | Date of the transaction | 13 December 2016 | |||
| f) | Place of the transaction | London Stock Exchange, AIM | |||
Contact Information:
Mark Learmonth
CFO
+44 1534 702 998
marklearmonth@caledoniamining.com
Caledonia Mining Corporation Plc
Maurice Mason
Investor Relations
+44 759 078 1139
mauricemason@caledoniamining.com
WH Ireland
Adrian Hadden/Nick Prowting
+44 20 7220 1751
Blytheweigh
Tim Blythe/Camilla Horsfall/Megan Ray
+44 20 7138 3204