Caledonia Mining Corporation Plc: Exercise of share options

Rhea-AI Summary

Caledonia Mining Corporation Plc (NYSE American, AIM, VFEX: CMCL) announced on 3 October 2025 that two consultants exercised options for a total of 10,000 common shares at an exercise price of US$9.49 per share. Following issuance, the Company reports no outstanding share options and a new total ordinary share count of 19,304,784 common shares, with no shares held in treasury.

Caledonia has applied for depositary interests representing the Option Shares to be admitted to trading on AIM and expects trading to commence on 7 October 2025. The company notes the updated share count may be used as the denominator for shareholder notification calculations.

ST HELIER, Jersey, Oct. 03, 2025 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE American, AIM and VFEX: CMCL) (“Caledonia” or “the Company”) announces that two consultants to the Company have exercised options in respect of, in aggregate, 10,000 common shares of no par value each in the Company (the “Option Shares”). The exercise price was US$9.49 per Option Share. Following issue of the Option Shares, the Company will have no outstanding share options.

Application has been made by Caledonia for a number of depositary interests equivalent to the Option Shares to be admitted to trading on AIM and it is anticipated that trading in such securities will commence on October 7, 2025.

Following the issue of the Option Shares, the Company will have a total number of shares in issue of 19,304,784 common shares of no par value each. Caledonia has no shares in treasury; therefore, this figure may be used by holders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company.

Enquiries:
Caledonia Mining Corporation Plc Mark Learmonth Camilla Horsfall	Tel: +44 1534 679 800 Tel: +44 7817 841 793
Cavendish Capital Markets Limited (Nomad and Joint Broker) Adrian Hadden	Tel: +44 207 397 1965 Tel: +44 131 220 9775
Liberum Capital Limited (Joint Broker) Scott Mathieson	Tel: +44 20 3100 2000
Camarco, Financial PR (UK) Gordon Poole Elfie Kent	Tel: +44 20 3757 4980
3PPB (Financial PR, North America) Patrick Chidley Paul Durham	Tel: +1 917 991 7701 Tel: +1 203 940 2538
Curate Public Relations (Zimbabwe) Debra Tatenda	Tel: +263 77802131
IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe) Lloyd Mlotshwa	Tel: +263 (242) 745 119/33/39

FAQ

What did Caledonia (CMCL) announce on October 3, 2025 about share option exercises?

Two consultants exercised options for a total of 10,000 shares at US$9.49 per share.

How many shares will Caledonia (CMCL) have in issue after the October 2025 option exercise?

After issuance, Caledonia will have 19,304,784 common shares in issue.

Will Caledonia (CMCL) have any outstanding share options after the October 2025 exercise?

No. The company states it will have no outstanding share options following the exercise.

When will the depositary interests for the Option Shares of Caledonia (CMCL) begin trading on AIM?

Caledonia anticipates trading of the depositary interests to commence on 7 October 2025.

What exercise price was paid for the 10,000 Option Shares by Caledonia (CMCL)?

The exercise price was US$9.49 per Option Share.

How should shareholders use Caledonia's updated share count for disclosure thresholds?

Use the reported total of 19,304,784 shares as the denominator to determine notification requirements.