Caledonia Mining Company Plc: Non-Govt Director Modifications

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ST HELIER, Jersey, March 18, 2024 (GLOBE NEWSWIRE) — Caledonia Mining Company Plc (“Caledonia” or the “Firm”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) is happy to announce that Tariro Gadzikwa has joined Caledonia’s Board of Administrators as an Unbiased Non-Govt Director with impact from March 15, 2024.

It additionally broadcasts that Steve Curtis, who retired as Chief Govt Officer of the Firm in June 2022 and remained on the Board as a Director in a non-executive capability since then, has determined to step down from the Board and as such is not going to be in search of re-appointment as a Director on the subsequent annual normal assembly. He’ll subsequently depart the Board with impact from the subsequent annual normal assembly of the Firm.

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Mr John Kelly, Chairman of the Board, commented:

“I’m delighted to welcome Tariro to Caledonia’s Board. She has vital board expertise and specific experience in audit, danger administration, company finance and finance technique improvement. Her abilities shall be of nice worth to the Board. As a Zimbabwean nationwide primarily based in Johannesburg, Tariro will add additional depth to the Board’s appreciable expertise in Southern Africa. I look ahead to working along with her.

“I might additionally wish to thank Steve for his continued contribution to the Board in a non-executive capability since stepping down as Chief Govt Officer in June 2022 and am happy he has agreed to stay a guide to Caledonia, the place administration can proceed to profit from his expertise and perception.”

Tariro Gadzikwa

Tariro is a chartered accountant and the Founder and Chief Govt Officer of MWJ Consulting Proprietary Restricted, an advisory agency specialising in monetary reporting and due diligence for listed and personal fairness shoppers throughout the mining, oil and fuel and power sectors.

Previous to founding MWJ, she was Group Chief Monetary Officer of Efora Power Ltd (“Efora”, previously SacOil Holdings) at which she held varied govt roles within the finance staff over eight years. She began her profession at PwC in Zimbabwe and subsequently labored within the Johannesburg, Baltimore and London workplaces, the place she offered audit and monetary advisory providers together with monetary due diligence and technique improvement to medium and enormous corporates in Zimbabwe, South Africa, the US and UK.

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She has held quite a few board positions, together with most lately at Efora and a number of other of its subsidiaries in South Africa, Seychelles, Nigeria and Botswana, and presently serves on the board of Structured Threat Options the place she chairs the Nominations Committee.

She graduated from Rhodes College, South Africa with a B.Com in accounting in 2001.

Additional particulars required by the AIM Guidelines might be discovered at Appendix 1.

Enquiries:

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Appendix 1 – Present and Earlier Directorships of Tariro Gadzikwa and different issues required to be notified in accordance with paragraph (g) of Schedule 2 to the AIM Guidelines

The names of all firms and partnerships of which Tariro Gadzikwa has been a director or associate at any time within the earlier 5 years are set out beneath.

Tariro’s full identify is Tariro Rudo Gadzikwa (maiden identify Mudzimuirema). She is 46 years outdated.

Tariro holds no shares or share choices within the Firm.

Tariro was a non-executive director of Afric Oil Proprietary Restricted till July 2020. Afric Oil Proprietary Restricted was positioned underneath voluntary enterprise rescue in April 2021 as a direct consequence of the influence of COVID-19 lockdown measures on the enterprise.

There aren’t any different issues which have been disclosed to the Firm which are required to be introduced pursuant to paragraph (g) of Schedule 2 to the AIM Guidelines.

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