Ndlovu July 4

What Happened Ndlovu July, a director of Caledonia Mining Corp Plc, disposed of 20,000 shares on May 18, 2026. The shares were sold at £17.19 each for a total proceeds of £343,800. The sale was effected by Fremiro Investments (Private) Limited, an entity in which Mr. Ndlovu is a shareholder. This was a sale (not a purchase), which is typically a routine liquidity event rather than a direct indicator of company prospects.

Key Details

• Transaction date and price: May 18, 2026 — 20,000 shares sold at £17.19 each (total £343,800). (Currency per footnote: GBP.)
• Shares owned after transaction: Fremiro Investments’ beneficial interest in Caledonia shares following the sale is 214,089 shares (per footnote).
• How the sale was done: Reported as an open market or private sale; footnote clarifies the shares were sold by Fremiro Investments (Private) Limited, an entity linked to Mr. Ndlovu.
• Filing timeliness: Form 4 was filed on May 19, 2026 (one day after the transaction), which appears timely under the usual two-business-day filing requirement.
• Footnotes: F1 indicates amounts are in Great British Pounds (GBP). F2 states the 20,000 shares were sold by Fremiro Investments (Private) Limited, in which Mr. Ndlovu is a shareholder; Fremiro holds 214,089 Caledonia shares after the sale.

Context This transaction is a straightforward sale by an affiliated private vehicle rather than an insider purchasing stock. Sales can reflect personal or entity-level liquidity needs and do not, by themselves, signify management’s view of company fundamentals. There is no indication of option exercise, 10b5-1 trading plan, or gift reporting in this filing.