Caledonia Mining Corporation Plc Issue of Securities Pursuant to Long Term Incentive Plan Awards and Issue of New Long Term Incentive Plan Awards

Core Points - Caledonia Mining Corporation Plc announced the issuance of 80,230 common shares under its 2015 Omnibus Equity Incentive Compensation Plan, following the financial results for the year ended December 31, 2024 [1] - The issuance is expected to take place on or about April 4, 2025, with trading in the depositary interests anticipated to commence on or about April 10, 2025 [2] - After the issuance, the total number of shares in issue will be 19,294,784 common shares [3] Summary of Securities Issued - John Mark Learmonth, Director and Chief Executive Officer, will receive 29,817 securities, resulting in a total interest of 216,848 shares, representing 1.12% of the company's share capital [2] - Other key managerial personnel will also receive securities, including James Mufara (Chief Operations Officer) and Victor Gapare (Executive Director), with respective awards of 18,710 and 16,447 securities [12][14] Long Term Incentive Plan Awards - The Compensation Committee approved new long-term incentive plan awards for staff, with values as of April 1, 2025, including US$491,715.90 for John Mark Learmonth and US$233,700.02 for James Mufara [4] - The awards consist of target Performance Units (PUs) and Restricted Share Units (RSUs), with vesting dates set for April 2028 for PUs and staggered vesting for RSUs [4][7] Performance Metrics - The final number of PUs that vest will be adjusted based on the company's performance metrics, including gold production and mineral resource increases [6] - RSUs will vest based solely on continued employment, with dividends reinvested in additional RSUs for certain executives [7] Fair Market Value - The Fair Market Value for the shares was determined to be US$12.49, which was used to calculate the number of PUs and RSUs awarded [5]