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Caledonia Mining (NYSE: CMCL) plans Chairman handover after AGM

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Caledonia Mining Corporation Plc has outlined a planned change in board leadership. John Kelly intends to step down as chairman after the annual general meeting on May 5, 2026, as part of the board’s succession plan, and he has agreed to remain on the board as a non-executive director if re-elected.

The board expects to elect current independent non-executive director July Ndlovu as the new chairman immediately following the meeting, in line with its annual chairman election process. The company highlights continued strong performance at Blanket Mine and views the Bilboes project as a key driver of its next phase of growth.

Positive

  • None.

Negative

  • None.
AGM date May 5, 2026 Effective date for John Kelly stepping down as chairman
Chairman tenure three years Period John Kelly has served as chairman
Board service start May 2012 Date John Kelly joined the board
Form type Form 6-K Report of foreign private issuer for April 2026
independent non-executive director financial
"July Ndlovu, currently an independent non-executive director, has offered"
An independent non-executive director is a board member who is not part of a company’s day-to-day management and has no close ties to major owners, so they can offer unbiased oversight of strategy, risks, and executive pay. For investors, they act like an impartial referee who helps prevent conflicts of interest, improve transparency and hold management accountable, which can reduce governance risk and protect shareholder value.
succession plan financial
"as part of the Board’s succession plan, to step down as chairman"
Blanket Mine financial
"operational delivery at Blanket Mine while supporting the advancement"
Bilboes project financial
"a compelling growth opportunity in the Bilboes project, which has the potential"
non-executive director financial
"continue to serve on the Board as a non-executive director, thus providing continuity"
A non-executive director is a member of a company’s board who does not work for the company day-to-day but provides independent oversight, strategic guidance and checks on management. For investors, they matter because they act like an impartial referee or outside advisor, helping ensure decisions protect shareholder interests, reduce risks of poor governance, and add credibility to financial reporting and long-term strategy.
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
Of the Securities Exchange Act of 1934

For the month of April 2026
Commission File Number: 001-38164

CALEDONIA MINING CORPORATION PLC
(Translation of registrant's name into English)

2 Mulcaster Street
St Helier
Jersey JE2 3NJ

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒      Form 40-F ☐

 

   

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

      CALEDONIA MINING CORPORATION PLC    
  (Registrant)
   
  
Date: April 30, 2026     /s/ JOHN MARK LEARMONTH    
  John Mark Learmonth
  CEO and Director
  

 

 

 

 

 

 

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EXHIBIT INDEX

 

Exhibit Number Description
  
99.1 Press Release dated April 30, 2026

 

 

 

 

 

 3 

Exhibit 99.1

 

 

  

Caledonia Mining Corporation Plc

 

(NYSE American, AIM and VFEX: CMCL)

 

Change of Chairman

 

St Helier, Jersey – April 30, 2026: Caledonia Mining Corporation Plc (“Caledonia” or “the Company”) announces that John Kelly has notified the board of directors of the Company (the “Board”) of his intention, as part of the Board’s succession plan, to step down as chairman of the Board (the “Chairman”) with effect from the end of the annual general meeting of the shareholders of the Company to be held on May 5, 2026 (the “AGM”).

 

The Board is pleased to announce that July Ndlovu, currently an independent non-executive director, has offered to become the new Chairman. His appointment as Chairman is subject to election by the Board immediately following the AGM in accordance with the annual Chairman election process. An announcement of the new Chairman will accompany the announcement of the results of the AGM.

 

Mr Kelly, who joined the Board in May 2012 and has served as Chairman for the past three years will, providing he is re-elected as a director of the Company by shareholders at the AGM, continue to serve on the Board as a non-executive director, thus providing continuity and the ongoing benefit of his experience and insight.

 

During his tenure as Chairman, Mr Kelly has guided the Board through a significant period of transition and change at Caledonia, providing stewardship over the continued operational delivery at Blanket Mine while supporting the advancement of the Company’s growth strategy.

 

Commenting on handing over the role of Chairman, John Kelly said:

 

“It has been a privilege to serve as Chairman over the past three years, and to have supported the Company through a period of significant transition and change. Caledonia is well positioned for the future, underpinned by the strong performance of Blanket Mine and the progress being made towards Caledonia’s next phase of growth. I have no doubt that July as Chairman will enhance the prospects for our continued success. I look forward to continuing to support the Board and management as a non-executive director and to working closely with the new Chairman.”

 

July Ndlovu commented:

 

“I am honoured to be considered for the role of Chairman at an important point in the Company’s development. The business has strong operating foundations and a compelling growth opportunity in the Bilboes project, which has the potential to take Caledonia into its next stage of growth.

 

“I would also like to thank John, on behalf of the Board, for his leadership and guidance as Chairman. I am very pleased that he will continue to serve as a non-executive director, and I look forward to working closely with him, the Board and management team to help guide the Company through this next phase and to deliver long-term value for shareholders.”

 

 

 

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Mark Learmonth, Chief Executive Officer, added:

 

“On behalf of the Board and management team, I would like to thank John for his contribution and counsel over many years, and particularly for his stewardship as Chairman over the past three years during a period of change for the Company. His guidance and focus on governance and strategic progress have been invaluable, and I am glad that he intends to remain on the Board. I look forward to working closely with July once he is formally elected by the Board as Chairman as we continue to advance Caledonia’s strategy, including the development of the Bilboes project.”

 

For further information please contact:

 

Caledonia Mining Corporation Plc

Mark Learmonth

Camilla Horsfall

 

Tel: +44 1534 679 800

Tel: +44 7817 841 793

 

Cavendish Capital Markets Limited (Nomad and Broker)

Adrian Hadden

Pearl Kellie

 

Tel: +44 207 397 1965

Tel: +44 131 220 9775

 

Camarco, Financial PR (UK)

Gordon Poole

Julia Tilley

Elfie Kent

 

 

Tel: +44 20 3757 4980

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

 

 

 

 

 

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FAQ

What board change did Caledonia Mining (CMCL) announce in this 6-K?

Caledonia Mining announced that John Kelly plans to step down as chairman after the May 5, 2026 AGM. He is expected to remain on the board as a non-executive director, subject to shareholder re-election at the meeting.

Who is expected to become the new Chairman of Caledonia Mining (CMCL)?

Independent non-executive director July Ndlovu has offered to become the new chairman. His appointment is subject to election by the board immediately after the May 5, 2026 AGM, following the company’s annual chairman election process.

Will John Kelly remain involved with Caledonia Mining (CMCL) after stepping down as Chairman?

John Kelly is expected to continue serving on the board as a non-executive director, provided shareholders re-elect him at the May 5, 2026 AGM. This is intended to preserve continuity and retain his experience and insight within the company’s governance structure.

How does Caledonia Mining (CMCL) describe its current business position in this filing?

Caledonia describes itself as well positioned for the future, supported by strong operational performance at Blanket Mine. It also highlights the Bilboes project as a compelling growth opportunity that could drive the company’s next stage of development.

What is the Bilboes project mentioned by Caledonia Mining (CMCL)?

The Bilboes project is cited as a key growth opportunity for Caledonia Mining. Management states that Bilboes has the potential to take the company into its next stage of growth, complementing existing operations like Blanket Mine in its long-term strategy.

When will Caledonia Mining (CMCL) confirm its new Chairman appointment?

Caledonia plans to announce the new chairman at the same time it releases results of the May 5, 2026 AGM. The board intends to elect the chairman immediately after the AGM, in line with its regular annual chairman election process.

Filing Exhibits & Attachments

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