- Toziyana Resources Limited, the largest shareholder of Caledonia Mining Corporation Plc (CMCL, Financial), purchased 12,449 common shares on May 15, 2025.
- The shares were acquired at a volume-weighted average price of $14.47 each, increasing Toziyana's ownership to 12.56% of the issued share capital.
- Victor Gapare, an executive director at Caledonia and the founder of the trust owning Toziyana, maintains significant interest following this transaction.
On May 15, 2025, Caledonia Mining Corporation Plc (CMCL) announced that Toziyana Resources Limited, their largest shareholder, acquired 12,449 common shares at a volume-weighted average price of $14.47 per share. This purchase was completed through a discretionary trust linked to Victor Gapare, an executive director at Caledonia and the trust's settlor.
The acquisition raises Toziyana Resources Limited's stake in Caledonia Mining to 12.56% of the company's issued share capital. The transaction signifies Toziyana's continued confidence in Caledonia's growth potential and strategic direction. As a result, Victor Gapare retains significant influence within the company through the trust's holdings.
