Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder

Rhea-AI Summary

Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) announced on June 21, 2022, that Van Eck Associates Corporation, a significant shareholder, has adjusted its holdings. On June 17, 2022, Van Eck crossed a notification threshold, now owning 3.58% of voting rights, down from 4.01%. This decrease indicates a reduction in their stake in the company. The press release confirms that this notification complies with AIM Rules for Companies.

Positive

• None.

Negative

• Reduction in Van Eck Associates Corporation's holdings from 4.01% to 3.58% of total voting rights.

ST HELIER, Jersey, June 24, 2022 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or the "Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces that it received notification on June 21, 2022 from Van Eck Associates Corporation, which is, through two of its funds, a "significant shareholder" of the Company as defined by the AIM Rules for Companies, that it has changed its interest in the Company and on June 17, 2022 crossed a particular threshold for notification of its holdings in the Company. 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
Cenkos Securities plc (Nomad and Joint Broker) Neil McDonald Pearl Kellie	Tel: +44 131 220 9771 Tel: +44 131 220 9775
Liberum Capital Limited (Joint Broker) Scott Mathieson/Kane Collings	Tel: +44 20 3100 2000
BlytheRay Financial PR (UK) Tim Blythe/Megan Ray	Tel: +44 207 138 3204
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

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			Caledonia Mining Corp PLC
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuer						X
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name			Van Eck Associates Corporation
City and country of registered office (if applicable)			New York, NY USA
4. Full name of shareholder(s) (if different from 3.)v
Name			VanEck Junior Gold Miners ETF VanEck Junior Gold Miners UCITS ETF
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi:			17/06/2022
6. Date on which issuer notified (DD/MM/YYYY):			21/06/2022
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	3.58%			3.58%	459,458
Position of previous notification (if applicable)	4.01%			4.01%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)	Number of voting rightsix			% of voting rights
	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
JE00BF0XVB15	459,458			3.58%
SUBTOTAL 8. A	459,458			3.58%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument	Expiration datex	Exercise/ Conversion Periodxi		Number of voting rights that may be acquired if the instrument is exercised/converted.	% of voting rights
		SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex	Exercise/ Conversion Periodxi	Physical or cash settlementxii	Number of voting rights	% of voting rights
			SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv(please add additional rows as necessary)				X
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
VanEck Junior Gold Miners ETF	3.24%		3.24%
VanEck Junior Gold Miners UCITS ETF	0.34%		0.34%
10. In case of proxy voting, please identify:
Name of the proxy holder		Glass Lewis
The number and % of voting rights held		459,458 shares and 3.58% voting right
The date until which the voting rights will be held		Open
11. Additional informationxvi

Place of completion	Tampa, FL
Date of completion	21 June 2022

FAQ

What did Van Eck Associates Corporation disclose about its holdings in Caledonia Mining (CMCL)?

Van Eck Associates Corporation disclosed a reduction in its holdings from 4.01% to 3.58% of Caledonia Mining's voting rights.

What is the significance of the notification received by Caledonia Mining on June 21, 2022?

The notification signifies that Van Eck Associates Corporation, a major shareholder, crossed a threshold for notifying changes in its holdings.

When did Van Eck Associates Corporation change its interest in Caledonia Mining (CMCL)?

Van Eck changed its interest in Caledonia Mining on June 17, 2022, as per the notification received on June 21, 2022.

What percentage of voting rights does Van Eck Associates Corporation currently hold in CMCL?

Van Eck Associates Corporation currently holds 3.58% of the voting rights in Caledonia Mining Corporation.