Caledonia Mining Corporation Plc: Director/PDMR Shareholding Notification

Rhea-AI Summary

Caledonia Mining (NYSE American:CMCL) reported a director/PDMR shareholding change. On June 11, 2026, Toziyana Resources, the largest shareholder and linked to executive director Victor Gapare, purchased 11,750 common shares at $18.70 each. Following this transaction, Gapare is interested in 2,455,122 shares, representing about 12.70% of issued share capital.

News Market Reaction – CMCL

+3.80%

+3.80% News Effect

On the day this news was published, CMCL gained 3.80%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details a director-linked trust purchasing 11,750 shares at $18.70, increasing Vic...

Analysis

This announcement details a director-linked trust purchasing 11,750 shares at $18.70, increasing Victor Gapare’s interest to 2,455,122 shares, or 12.70% of issued capital. It adds to a series of recent operational and governance updates, including exploration results and financial filings. Investors may track future director dealings, progress on Motapa and Bilboes, and how the company’s share price behaves while trading well below its 52‑week high within a volatile gold sector.

Key Figures

Director purchase volume: 11,750 shares Director purchase price: $18.70 per share Total insider-related holding: 2,455,122 shares +5 more

8 metrics

Director purchase volume 11,750 shares Toziyana purchase on June 11, 2026

Director purchase price $18.70 per share Toziyana purchase on NYSE American LLC

Total insider-related holding 2,455,122 shares Victor Gapare interest via discretionary trust

Ownership stake 12.70% of issued share capital Post-transaction interest of Victor Gapare

Current share price $19.47 Pre-news market context

1-day price change 3.84% Move prior to this announcement

52-week high $38.75 Pre-news trading range context

52-week low $18.17 Pre-news trading range context

Historical Context

5 past events · Latest: Jun 10 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 10	Exploration results	Positive	-1.3%	Reported 2025 Motapa drilling results with strong gold intercepts and 6km trend.
May 22	Technical report refiling	Neutral	-1.3%	Refiling Bilboes NI 43‑101 to address qualified person requirements only.
May 15	Director share purchase	Positive	-3.7%	Non‑executive chairman bought 15,000 shares on NYSE American at US$24.81.
May 11	Q1 2026 results	Positive	+1.5%	Q1 revenue and earnings rose sharply on higher realised gold price despite lower output.
May 07	Corporate communications	Neutral	+2.5%	Release of a new corporate video and related investor relations information.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Several positive or supportive updates, including exploration results and director buying, have previously met with mixed or negative next-day price reactions.

Recent Company History

Over the past months, Caledonia issued multiple operational and corporate updates. Motapa exploration results highlighted strong intercepts and a planned maiden resource in Q3 2026. The Bilboes NI 43‑101 refiling was a compliance-focused change, not altering project economics. Q1 2026 results showed higher revenue and earnings despite lower gold output and higher costs. There have also been director share dealings and a corporate video release. Today’s director/PDMR purchase adds to this stream of governance and insider-activity disclosures.

Key Terms

person discharging managerial responsibilities, lei

2 terms

person discharging managerial responsibilities regulatory

"NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING..."

A person discharging managerial responsibilities is an individual who holds a senior role with authority to make or influence a company’s strategic or operational decisions, such as executives, board members, or other top managers. Investors care because these people often have access to confidential information and their buying or selling of company shares must be disclosed—like a referee who knows the score before the crowd, their actions can signal important, non-public insights about a company's prospects.

lei regulatory

"b) | LEI | 21380093ZBI4BFM75Y51"

A Legal Entity Identifier (LEI) is a unique 20-character code assigned to a company or organization that participates in financial markets, like a corporate passport number. It helps investors and regulators unambiguously identify counterparties across databases and transactions, reducing confusion much like using a vehicle identification number to track a car’s history; clearer identification improves transparency, risk monitoring, and regulatory reporting.

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AI-generated analysis. How Rhea-AI works. Not financial advice.

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(NYSE American:CMCL)(AIM:CMCL)(VFEX:CMCL)

SAINT HELIER, JE / ACCESS Newswire / June 12, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that it received notification on June 11, 2026 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 11,750 common shares in the Company on June 11, 2026 at a price of $18.70 per share (the "Purchase").

Following the Purchase, Mr Victor Gapare now holds an interest, as the settlor of that trust, in 2,455,122 common shares which represents approximately 12.70 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 Broker) Adrian Hadden	Tel: +44 207 397 1965
Camarco, Financial PR (UK) Elfie Kent	Tel: +44 20 3757 4980
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$18.70 11,750
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	June 11, 2026
f)	Place of the transaction	NYSE American LLC

SOURCE: Caledonia Mining Corporation Plc

View the original press release on ACCESS Newswire

FAQ

What director share transaction did Caledonia Mining (CMCL) announce on June 12, 2026?

Caledonia Mining announced that Toziyana Resources bought 11,750 CMCL common shares at $18.70 on June 11, 2026. According to Caledonia, this trade relates to executive director Victor Gapare, as settlor of the discretionary trust that ultimately owns Toziyana.

How many Caledonia Mining (CMCL) shares is director Victor Gapare now interested in?

After the June 11, 2026 transaction, Victor Gapare is interested in 2,455,122 Caledonia common shares. According to Caledonia, this holding, via a discretionary trust owning Toziyana Resources, represents approximately 12.70% of the company’s issued share capital.

At what price were the new Caledonia Mining (CMCL) shares purchased by Toziyana Resources?

Toziyana Resources purchased 11,750 Caledonia Mining common shares at a price of $18.70 each on June 11, 2026. According to Caledonia, the transaction occurred on the NYSE American LLC and involved common shares of no par value.

Who is Toziyana Resources in relation to Caledonia Mining (CMCL)?

Toziyana Resources is described as the largest shareholder in Caledonia Mining. According to Caledonia, the company’s executive director, Victor Gapare, is the settlor of a discretionary trust that ultimately owns the shares in Toziyana Resources Limited.

What percentage of Caledonia Mining (CMCL) does Victor Gapare’s interest represent after the latest share purchase?

Following the June 11, 2026 purchase, Victor Gapare’s indirect interest represents about 12.70% of Caledonia’s issued share capital. According to Caledonia, this interest is held as settlor of a discretionary trust owning shares in Toziyana Resources.

On which market was the June 11, 2026 Caledonia Mining (CMCL) director-related trade executed?

The June 11, 2026 trade related to director Victor Gapare was executed on the NYSE American LLC. According to Caledonia, Toziyana Resources bought 11,750 common shares of no par value, with identification code JE00BF0XVB15, at a price of $18.70.

What type of transaction was reported in the Caledonia Mining (CMCL) PDMR notification for June 11, 2026?

The reported transaction was a purchase of securities by Toziyana Resources, connected to executive director Victor Gapare. According to Caledonia, the notification classifies it as a purchase of common shares, with no aggregated information figure provided for volume and price.