Caledonia Mining Corporation Plc: Issue of Securities to Directors and Long Term Incentive Awards
(firmenpresse) - Caledonia Mining Corporation Plc: Issue of Securities to Directors and Long Term Incentive Awards
(NYSE American: CMCL; AIM: CMCL; TSX: CAL)
St Helier, January 14, 2019: Caledonia Mining Corporation Plc (the Company or Caledonia - http://www.commodity-tv.net/c/search_adv/?v=298787) announces that following the maturing of long term incentive plan awards on January 11, 2019 (i) a total of 93,664 securities in the Company have been issued to Caledonias Chief Executive Officer and Chief Financial Officer and (ii) the Company has made new long term incentive plan awards to members of its senior management team.
The securities have been issued in the form of depositary interests representing shares in the Company. The number of securities issued and the resulting interests of the recipients in the share capital of the Company are set out below:
Name Position Number of Resulting
depositary interest in
interests share capital of
issued the Company
(number and
percentage)
Steve CurtisDirector and Chief 67,082 161,382 (1.5%)
Executive
Officer
Mark Director and Chief 26,582 96,688 (0.9%)
Learmonth Financial
Officer
Application has been made by Caledonia for the admission of the depositary interests to trading on AIM and it is anticipated that trading in such securities will commence on January 16, 2019.
Following issue of the shares underlying the depositary interests, the Company has a total number of shares in issue of 10,696,817 common shares of no par value each. Caledonia has no shares in treasury; therefore, this figure may be used by holders of securities in the Company 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.
Further details of the transactions are set out in the notifications below.
Caledonia also announces that the Compensation Committee of the board of directors has made new long term incentive plan awards under the Companys 2015 Omnibus Equity Incentive Compensation Plan (the Plan) to the following members of its senior management:
Name Position Grant values
Steve CurtisDirector and Chief USD270,000
Executive
Officer
Dana Roets Chief Operating Officer USD170,000
Caxton General Manager, Blanket USD143,401
Mangezi Mine
The awards are in the form of Performance Units (PSUs) as defined in the Plan and constitute the combined Tranche 4 PSUs and Tranche 5 PSUs as set out in the announcement of the Company made on January 12, 2016, as increased commensurate with increases in recipients salaries since 2016. The vesting date for the PSUs shall be the third anniversary of the date of the award, being January 11, 2022.
The number of PSUs awarded is equal to the monetary value of the award divided by the Fair Market Value (as defined in the Plan) of the Companys shares, being the greater of (i) the closing price of Caledonias shares on the Toronto Stock Exchange on the trading day preceding the date of the award or (ii) the volume-weighted average closing price of Caledonias shares on the Toronto Stock Exchange for the five days preceding the date of the award, converted to the USD equivalent based on the CAD/USD exchange rate for the 3 months immediately preceding the valuation date, i.e. approximately USD 6.09.
The final number of PSUs which vest on maturity of the awards will be adjusted to reflect the actual performance of the Company in terms of targeted gold production. If actual performance is less than 70% of target, no PSUs will vest; if actual performance is greater than 70% of target, the number of vesting PSUs will be adjusted pro rata on a linear basis, subject to a maximum of 200% of the initial target PSUs. Each PSU entitles the participant to receive the cash equivalent of the Fair Market Value of one Caledonia common share on the maturity of the award or alternatively to elect to receive some or all of the PSUs in the form of securities in the Company.
For further information please contact:
Caledonia Mining Corporation Plc.
Mark Learmonth
Tel: +44 1534 679 802 802
Maurice Mason
Tel: +44 759 078 1139 1139
WH Irland
Adrian Hadden/Jessica Cave/James Sinclair-Ford
Tel: +44 20 7220 7220 1751
Blytheweigh
Tim Blythe/Camilla Horsfall/Megan Ray
Tel: +44 207 138 138 3204
Swiss Resource Capital AG
Jochen Staiger
www.resource-capital.ch
info(at)resource-capital.ch
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-responsibili
ties/person
closely associated
a) Name Steve Curtis
2 Reason for the-notification-
a) Position/status Director and Chief Executive
Officer
b) Initial notification/ AmenInitial notification
dment
3 Details-of the issuer, emission allowance market particip
ant,
-auction-platform, auctioneer or auction monitor
a) Name Caledonia Mining Corporation P
lc
b) LEI 21380093ZBI4BFM75Y51
4 Details-of the transaction(s): section to be repeated for
(i) each type-of instrument;-(ii) each type of transactio
n;
(iii) each date; and (iv) each place where transactions
have
been conducted
a) Description of the financiDepositary interests
al representing common shares
instrument, type of instr of no par
ument value
Identification code JE00BF0XVB15
b) Nature of the transaction Issue of securities
c) Price(s)-and volume(s) Price(s)- Volume(s)
CAD8.0742 67,082
d) Aggregated information-
- Aggregated volume- 67,082
- Price CAD8.0742
e) Date of the transaction 11 January 2019
f) Place of the transaction AIM of the London Stock
Exchange
plc
NOTIFICATION- AND PUBLIC DISCLOSURE OF TRANSACTIONS BY-PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED-WITH THEM
1 Details-of the person discharging managerial-responsibili
ties/person
closely associated
a) Name Mark Learmonth
2 Reason for the-notification-
a) Position/status Director and Chief Financial
Officer
b) Initial notification/ AmenInitial notification
dment
3 Details-of the issuer, emission allowance market particip
ant,
-auction-platform, auctioneer or auction monitor
a) Name Caledonia Mining Corporation P
lc
b) LEI 21380093ZBI4BFM75Y51
4 Details-of the transaction(s): section to be repeated for
(i) each type-of instrument;-(ii) each type of transactio
n;
(iii) each date; and (iv) each place where transactions
have
been conducted
a) Description of the financiDepositary interests
al representing
instrument, type of instr c
ument ommon shares of no par value
JE00BF0XVB15
Identification code
b) Nature of the transaction Issue of securities
c) Price(s)-and volume(s) Price(s)- Volume(s)
CAD8.0742 26,582
d) Aggregated information-
- Aggregated volume- 26,582
- Price CAD8.0742
e) Date of the transaction 11 January 2019
f) Place of the transaction AIM of the London Stock
Exchange
plc
Leseranfragen:
Caledonia ist ein Bergbau-, Explorations- und Entwicklungsunternehmen mit Schwerpunkt auf das südliche Afrika. Nach Umsetzung des Indigenisierungs-Gesetzes in Simbabwe ist Caledonias hauptsächliches Asset ein 49-%-Anteil an einer laufenden Goldmine in Simbabwe („Blanket“).
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Datum: 14.01.2019 - 13:06 Uhr
Sprache: Deutsch
News-ID 586226
Anzahl Zeichen: 9650
contact information:
Town:
Wien
Kategorie:
Business News
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