Caledonia Mining Corporation Plc Announces Securities Issue and Long-Term Incentive Plan Awards

Caledonia Mining Corporation Plc announced the issuance of 22,051 common shares on April 9, 2026, pursuant to the vesting of awards under its 2015 Omnibus Equity Incentive Compensation Plan. This includes shares issued to Persons Discharging Managerial Responsibility (PDMRs), such as CEO John Mark Learmonth and CFO Ross Jerrard. The company also announced the grant of new long-term incentive awards under the same plan to staff, including to PDMRs. The value of these new awards, as of April 1, 2026, was US$504,009 for Mr. Learmonth and US$328,000 for Mr. Jerrard. These awards are in the form of target Performance Units (PUs) that will vest in April 2029, contingent on the company's performance metrics, including the construction of the Bilboes Gold Project and operational results at Blanket Mine and Motapa. The PUs are valued at US$22.59 each. Securities issued to PDMRs are subject to a one-year holding period.