Caledonia Mining Corp Plc | CIK:0000766011 | 3

  • Filed: 4/2/2018
  • Entity registrant name: Caledonia Mining Corp Plc (CIK: 0000766011)
  • Generator: Thunderdome
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/766011/000117184318002450/0001171843-18-002450-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/766011/000117184318002450/cmcl-20171231.xml
  • XBRL Cloud Viewer: Click to open XBRL Cloud Viewer
  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0000766011
  • Open this page in separate window: Click

    • ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory

    19
    Share capital
     
    Authorised
    Unlimited number of ordinary shares of
    no
    par value.
    Unlimited number of preference shares of
    no
    par value.
     
       
    Number of fully paid shares
    *
    		     Amount  
    Issued ordinary shares            
    January 1, 2015    
    10,518,032
    		      
    54,569
    		  
    Cancelled
    **
    		    
    (7,800
    		 )    
    -
    		  
    December 31, 2015    
    10,510,232
    		      
    54,569
    		  
    Issued during the year    
    141,704
    		      
    433
    		  
    December 31, 2016    
    10,651,936
    		      
    55,002
    		  
    Share repurchased    
    (118,063
    		 )    
    (146
    		 )
    Issued during the year    
    69,280
    		      
    246
    		  
    December 31, 2017    
    10,603,153
    		      
    55,102
    		  
     
    * Amounts stated after the
    1:5
    share consolidation
    **
    7,800
    treasury shares of the Company were cancelled during
    2015.
     
    Share consolidation and repurchase
     
    At the Company’s annual general meeting of shareholders held on
    June 19, 2017
    resolutions were passed, amongst others, which:
     
    (a) authorised the consolidation of the Company’s share capital on the basis of
    1
    share for every
    100
    shares held;
     
    (b)
    approved the repurchase of fractions of shares created by the consolidation which were held by shareholders with fewer than
    100
    shares prior to the consolidation
    at a price of
    CAD1.664
    per pre-consolidation share held
    ;
     
    (c) authorised the division of the consolidated shares immediately following the steps above on the basis of
    20
    shares for every
    1
    share; and
     
    (d) approved the repurchase of fractions of shares remaining following the steps above at the same price as at (b)
     
    payments made for repurchases pursuant to (b) and (d) were subject to a minimum with the Company being entitled to retain amounts of
    GBP5
    or less.
     
    The combined effect of the above steps which was effected on
    June 26, 2017
    was an effective consolidation of the company’s shares on the basis of
    1
    share for every
    5
    shares previously held, the repurchase and cancellation of all shareholdings of fewer than
    100
    shares before the implementation of the
    1
    for
    100
    consolidation and the repurchase and cancellation of all remaining fractions following the
    20
    for
    1
    division.   This resulted in an effective repurchase of
    118,063
    shares at a cost of
    $146
    and a reduction in the number of issued shares of
    42,135,492
    shares arising from the consolidation.
     
    The holders of ordinary shares are entitled to receive dividends as declared from time to time, and are entitled to
    one
    vote per share at meetings of the Company. The Company has
    no
    preference shares in issue.