Caledonia Chairman-Linked Firm Sells Shares Worth Nearly £344k

 

London-listed Zimbabwe-based gold miner Caledonia Mining Corporation Plc has announced that a company linked to its board chairman, July Ndlovu, sold 20,000 common shares in the mining group in a transaction valued at approximately £343,800.

In a shareholder notification issued on May 20, 2026, Caledonia said Fremiro Investments (Private) Limited, a company closely associated with Ndlovu, disposed of the shares on May 18 at a price of £17.19 per share.

The transaction translates to a total value of £343,800 based on the disclosed share price and trading volume.

According to the notice, Fremiro Investments is classified as a person closely associated with Ndlovu, who serves as the non-executive director and chairman of Caledonia.

Caledonia said that following the disposal, Ndlovu retains a beneficial interest in 229,089 common shares in the company.

The miner further stated that the securities sold were depositary interests representing common shares of no par value under identification code JE00BF0XVB15.

The transaction was conducted on the Alternative Investment Market of the London Stock Exchange.