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Caledonia Mining Corporation Plc: Sale of securities by director

ST HELIER, Jersey, June 08, 2020 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE American: CMCL; AIM: CMCL; TSX: CAL) (the “Company” or “Caledonia”) announces that it has been notified today that Mark Learmonth, a director of Caledonia, has sold 10,000 depositary interests in common shares of the Company. Mr Learmonth now holds 139,775 depositary interests which represent a holding of approximately 1.2% 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
Maurice Mason


Tel: +44 1534 679 802
Tel: +44 759 078 1139

WH Ireland
Adrian Hadden/James Sinclair-Ford


Tel: +44 20 7220 1751

Blytheweigh
Tim Blythe/Camilla Horsfall/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

Mark Learmonth

2

Reason for the notification

a)

Position/status

Director and Chief Financial Officer

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

Identification code

Depositary interests representing common shares of no par value

JE00BF0XVB15

b)

Nature of the transaction

Sale of securities

c)

Price(s) and volume(s)

Price(s)

Volume(s)

GBP12.025

10,000

d)

Aggregated information

- Aggregated volume

- Price



10,000

GBP12.025

e)

Date of the transaction

8 June 2020

f)

Place of the transaction

AIM of the London Stock Exchange plc