Caledonia Mining Corporation Plc: Director/PDMR Shareholding Notification

Rhea-AI Summary

Caledonia Mining Corporation Plc (NYSE: CMCL) announced that Toziyana Resources Limited, the company's largest shareholder, purchased 10,000 common shares at $18.45 per share on June 11, 2025. The purchase was made through Toziyana, which is ultimately owned by a discretionary trust where Mr. Victor Gapare, an executive director of Caledonia, serves as the settlor. Following this transaction, Mr. Gapare's interest through the trust represents 12.62% of Caledonia's issued share capital. The transaction was executed on the NYSE American LLC.

Positive

• Insider buying demonstrates management's confidence in the company's value and future prospects
• Increased ownership stake by major shareholder shows long-term commitment

Negative

• None.

ST HELIER, Jersey, June 12, 2025 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) ("Caledonia" or "the Company") announces that it received notification on June 11, 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 purchased 10,000 common shares in the Company on June 11, 2025 at a price of $18.45 per share (the “Purchase”).

Following the Purchase, Mr Victor Gapare now holds an interest, as the settlor of that trust, in common shares representing 12.62 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$18.45	10,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	June 11, 2025
f)	Place of the transaction	NYSE American LLC

FAQ

What is the significance of Victor Gapare's share purchase in Caledonia Mining (CMCL)?

The purchase demonstrates insider confidence, with Gapare's trust-controlled entity Toziyana Resources acquiring 10,000 shares at $18.45, increasing his beneficial ownership to 12.62% of the company.

How many shares did Toziyana Resources purchase of Caledonia Mining (CMCL)?

Toziyana Resources purchased 10,000 common shares of Caledonia Mining at a price of $18.45 per share on June 11, 2025.

What percentage of Caledonia Mining (CMCL) does Victor Gapare control after the purchase?

After the purchase, Victor Gapare holds an interest of 12.62% in Caledonia Mining's issued share capital through his position as settlor of the trust that owns Toziyana Resources.

What was the share price of the CMCL stock purchase by Toziyana Resources?

Toziyana Resources purchased the shares at a price of $18.45 per share on June 11, 2025.