Caledonia Mining Corporation Plc: Director/PDMR Shareholding Notification

Rhea-AI Summary

Caledonia Mining Corporation Plc (NYSE: CMCL) announced that Toziyana Resources Limited, its largest shareholder, has purchased 12,449 common shares at a volume-weighted average price of $14.47 per share on May 15, 2025. The purchase was made through a discretionary trust connected to Victor Gapare, an executive director of Caledonia and the settlor of the trust that owns Toziyana. Following this transaction, Gapare's interest in the company through the trust represents 12.56% of Caledonia's issued share capital.

ST HELIER, Jersey, May 19, 2025 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) ("Caledonia" or "the Company") announces that it received notification on May 16, 2025 from Mr Victor Gapare, an executive director of Caledonia and the settlor of a discretionary trust which ultimately owns the shares in Toziyana Resources Limited, the largest shareholder in the Company, (“Toziyana”) that Toziyana has purchased, in aggregate, 12,449 common shares in the Company on May 15, 2025 at a volume weighted average price of $14.47 per share (the “Purchases”).

Following the Purchases, Mr Victor Gapare now holds an interest, as the settlor of that trust, in common shares representing 12.56 per cent. of the Company’s issued share capital.

A copy of the notification is 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/ Ailsa MacMaster	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	Victor Gapare
2	Reason for the notification
a)	Position/status	Executive Director
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   Identification code	Common shares of no par value   JE00BF0XVB15
b)	Nature of the transaction	Purchase of securities
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		US$14.47	12,449
d)	Aggregated information   - Aggregated volume     - Price	N/A
e)	Date of the transaction	May 15, 2025
f)	Place of the transaction	NYSE American LLC

FAQ

What is the recent insider purchase of CMCL stock by Toziyana Resources Limited?

On May 15, 2025, Toziyana Resources Limited purchased 12,449 common shares of Caledonia Mining at $14.47 per share, bringing their total ownership to 12.56% of the company's issued share capital.

Who is Victor Gapare and what is his connection to CMCL?

Victor Gapare is an executive director of Caledonia Mining Corporation and the settlor of a discretionary trust that owns Toziyana Resources Limited, which is the largest shareholder in the company.

What percentage of Caledonia Mining does Toziyana Resources own after the May 2025 purchase?

Following the purchase, Toziyana Resources Limited owns 12.56% of Caledonia Mining Corporation's issued share capital.

How many shares did CMCL director Victor Gapare purchase and at what price?

Through Toziyana Resources Limited, the purchase involved 12,449 common shares at a volume-weighted average price of $14.47 per share on May 15, 2025.