Caledonia Mining Corporation PLC Final Results of Share Consolidation (7132J)
30 June 2017 - 5:17PM
UK Regulatory
TIDMCMCL
RNS Number : 7132J
Caledonia Mining Corporation PLC
30 June 2017
Caledonia Mining Corporation Plc
(TSX: CAL, OTCQX: CALVD, AIM: CMCL)
Final Results of Share Consolidation
St Helier, June 30, 2017: Caledonia Mining Corporation Plc (the
"Company") announces that following the completion of the
consolidation of the common shares of the Company (the "Common
Shares") which became effective at 5pm (Eastern Time) on June 26,
2017 and the finalisation of the purchase and cancellation of
fractional entitlements to post-consolidation Common Shares, the
issued share capital of the Company is 10,553,873 Common Shares (of
which 3,406,082 are represented by depositary interests in Common
Shares that are traded on AIM (the "Depositary Interests")). There
are no shares held in treasury. The total number of voting rights
in the Company is therefore 10,553,873 and this figure may be used
by shareholders 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.
The CUSIP number in respect of the post-consolidation Common
Shares is G1757E113 and the ISIN code in respect of the
post-consolidation Depositary Interests is JE00BF0XVB15.
The Common Shares continued to trade without interruption during
the consolidation process. The Company is aware that some third
party market information systems, for which it is not responsible,
may not yet be providing accurate post-consolidation price
information for the Common Shares and Depository Interests.
Shareholders, if they are unsure as to any information provided by
third parties, should refer to the official TSX, OTCQX and AIM
quotation systems or contact their broker.
Following completion of the share consolidation and as stated in
the Company's press release published on June 19, 2017, the Company
intends to pursue a listing on the NYSE MKT LLC ("NYSE MKT").
Before it approves a listing, the NYSE MKT is expected to amongst
other things observe the share price of the post-consolidation
Common Shares for a short period in order to be satisfied that
listing requirements continue to be met. The listing is therefore
expected to occur on or about the middle of July 2017. The Company
intends to terminate its trading facility for the Common Shares on
the OTCQX at the same time as completion of the listing on NYSE
MKT.
The Company repeats its statement from a previous press release
of June 27, 2017 that for regulatory reasons following the
implementation of the consolidation, the Company's stock trading
symbol on the OTCQX has temporarily changed from CALVF to CALVD.
This change will remain in effect until July 26, 2017, by which
time it is anticipated that the Common Shares will have commenced
trading on the NYSE MKT and the OTCQX trading facility for the
Company will have been terminated. The trading symbol for the NYSE
MKT will be advised in due course. Trading of Depository Interests
(on AIM) under the trading symbol CMCL and trading of Common Shares
(on the TSX) under the trading symbol CAL are unaffected.
For further information please contact:
Caledonia Mining Corporation
Plc Tel: +44 1534 679 802
Mark Learmonth Tel: +44 759 078 1139
Maurice Mason
WH Ireland
Adrian Hadden/Ed Allsopp Tel: +44 20 7220 1751
Blytheweigh
Tim Blythe/Camilla Horsfall/Megan Tel: +44 207 138 3204
Ray
Cautionary Note Concerning Forward-Looking Information
Information and statements contained in this news release that
are not historical facts are "forward-looking information" within
the meaning of applicable securities legislation that involve risks
and uncertainties relating, but not limited to the Company's
current expectations, intentions, plans, and beliefs.
Forward-looking information can often be identified by
forward-looking words such as "anticipate", "believe", "expect",
"goal", "plan", "target", "intend", "estimate", "could", "should",
"may" and "will" or the negative of these terms or similar words
suggesting future outcomes, or other expectations, beliefs, plans,
objectives, assumptions, intentions or statements about future
events or performance. Examples of forward-looking information in
this news release include listing of the Common Shares on NYSE MKT
and termination of the Company's trading facility on the OTCQX.
This forward looking information is based, in part, on assumptions
and factors that may change or prove to be incorrect, thus causing
actual results, performance or achievements to be materially
different from those expressed or implied by forward-looking
information. Such factors and assumptions include, but are not
limited to: delays in obtaining or failures to obtain required
governmental, regulatory or securities exchange approvals, changes
in exchange rates, fluctuations in the prices of securities,
general delays and other factors.
Shareholders, potential shareholders and prospective investors
should be aware that these statements are subject to known and
unknown risks, uncertainties and other factors that could cause
actual results and events to differ materially from those suggested
by the forward-looking statements. Such factors include, but are
not limited to: regulatory approvals and developments, failure of
the Company to meet listing requirements of any securities exchange
and other factors. Shareholders are cautioned not to place undue
reliance on forward-looking information. By its nature,
forward-looking information involves numerous assumptions, inherent
risks and uncertainties, both general and specific, that contribute
to the possibility that the predictions, forecasts, projections and
various future events will not occur. The Company undertakes no
obligation to update publicly or otherwise revise any
forward-looking information whether as a result of new information,
future events or other such factors which affect this information,
except as required by law.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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