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ST HELIER, Jersey, May 21, 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 20, 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, 2,280 common shares in the Company on May 20, 2025 at a volume weighted average price of $16.96 per share (the “Purchases”).
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Following the Purchases, Mr Victor Gapare now holds an interest, as the settlor of that trust, in common shares representing 12.57 per cent. of the Company’s issued share capital.
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A copy of the notification is below.
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Enquiries:
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| 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 |
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| 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$16.96 | 2,280 | ||
| d) | Aggregated information – Aggregated volume – Price | N/A | |
| e) | Date of the transaction | May 20, 2025 | |
| f) | Place of the transaction | NYSE American LLC | |
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English (US)