Caledonia Mining CEO Mark Learmonth purchased 2,047 shares at GBP8.30, increasing his total shareholding to 187,031.
Quiver AI Summary
Caledonia Mining Corporation Plc announced that its CEO and Director, Mr. Mark Learmonth, purchased 2,047 depositary interests in the company, equating to 2,047 common shares, for a price of GBP 8.30 each on December 6, 2024. Following this acquisition, Learmonth's total shareholding in Caledonia amounts to 187,031 shares, representing approximately 0.97% of the company's issued share capital. The press release includes additional details about the transaction and provides contact information for further inquiries.
Potential Positives
- Mr. Mark Learmonth, the CEO and a Director of Caledonia Mining Corporation, demonstrated confidence in the company's future by purchasing 2,047 depositary interests, indicating alignment with shareholder interests.
- The purchase increases Mr. Learmonth's total shareholding to approximately 0.97% of the issued share capital, signifying significant personal investment in the company's success.
Potential Negatives
- The press release indicates that the CEO's purchase of shares may raise concerns about the company's stock performance, suggesting a lack of confidence in its value if insiders are buying up shares at a low price.
- Only 0.97% of the company's issued share capital is held by the CEO, which may signal limited ownership and alignment with shareholders' interests.
- The need to publicly disclose such transactions can imply increased scrutiny on insider trading practices and governance within the company.
FAQ
What recent transaction did Mark Learmonth perform with Caledonia Mining Corporation?
Mark Learmonth purchased 2,047 depositary interests in Caledonia at GBP8.30 each on December 6, 2024.
What is Mark Learmonth's current shareholding in Caledonia Mining?
Mark Learmonth holds 187,031 shares, representing approximately 0.97% of Caledonia's issued share capital.
What type of financial instrument was involved in the transaction?
The transaction involved depositary interests representing common shares of Caledonia Mining Corporation.
When was the transaction involving Caledonia Mining Corporation announced?
The transaction was announced on December 9, 2024, following the purchase made on December 6, 2024.
Who can be contacted for further inquiries about this transaction?
Inquiries can be directed to Mark Learmonth or Camilla Horsfall at Caledonia Mining Corporation at the provided contact numbers.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
ST HELIER, Jersey, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that on December 6, 2024 Mr Mark Learmonth, a Director and the CEO of the Company, purchased 2,047 depositary interests of the Company representing the same number of common shares of no par value in the Company at a price per depositary interest of GBP8.30.
Following this transaction, Mr Learmonth has an interest in 187,031 shares in the Company representing approximately 0.97% of the issued share capital of Caledonia. Further details of the transaction are set out below.
Enquiries:
|
Caledonia Mining Corporation Plc
Mark Learmonth Camilla Horsfall |
Tel: +44 1534 679 800 Tel: +44 7817 841 793 |
|
Cavendish Capital Markets Limited (Nomad and Joint Broker)
Adrian Hadden Pearl Kellie |
Tel: +44 207 397 1965 Tel: +44 131 220 9775 |
|
Panmure Liberum (Joint Broker)
Scott Mathieson/Matt Hogg |
Tel: +44 20 3100 2000 |
|
Camarco, Financial PR (UK)
Gordon Poole Julia Tilley Elfie Kent |
Tel: +44 20 3757 4980 |
|
3PPB (Financial PR, North America)
Patrick Chidley Paul Durham |
Tel: +1 917 991 7701 Tel: +1 203 940 2538 |
|
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 |
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Mr Mark Learmonth | |
| 2 | Reason for the notification | ||
| a) | Position/status | Director and CEO | |
| b) | Initial notification/ Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Caledonia Mining Corporation Plc | |
| b) | LEI | 21380093ZBI4BFM75Y51 | |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| a) | Description of the financial instrument, type of instrument | Depositary interests representing common shares of no par value | |
| Identification code | JE00BF0XVB15 | ||
| b) | Nature of the transaction | Purchase of securities | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| GBP8.30 | 2,047 | ||
| d) | Aggregated information | ||
| - Aggregated volume | n/a | ||
| - Price | |||
| e) | Date of the transaction | 6 December 2024 | |
| f) | Place of the transaction | AIM | |
