Workflow
Common shares of no par value
icon
Search documents
Caledonia Mining Corporation Plc Issue of Securities Pursuant to Long Term Incentive Plan Awards and Issue of New Long Term Incentive Plan Awards
Newsfilterยท 2025-04-02 06:00
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]