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

Rhea-AI Summary

Caledonia Mining Corporation Plc received notification from BlackRock, Inc. that it crossed a threshold for notification of a relevant change. BlackRock, Inc. now holds 4.84% of the voting rights in the company, a decrease from the previous 4.97%. This notification was received on January 22, 2024, and it is in compliance with the AIM Rules for Companies.

Insights

Market Research Analyst

The notification of major holdings in Caledonia Mining Corporation by BlackRock, Inc. represents a shift in the investment landscape for the company. A change in major shareholding can indicate a shift in investor sentiment, potentially affecting the stock's liquidity and volatility. The market may react to this news based on BlackRock's reputation as a leading investment firm; its investment decisions are often considered a signal of confidence or concern.

From a market research perspective, analyzing the historical performance of stocks following similar announcements can provide insights into potential market reactions. Moreover, the decrease in BlackRock's holding from 4.97% to 4.84% might be seen as a slight reduction in their interest, which could be interpreted in various ways depending on the context of their overall investment strategy.

Financial Analyst

BlackRock's adjustment in its holdings of Caledonia Mining Corporation, crossing the notification threshold, is a financial event that warrants attention. A financial analyst would evaluate the implications of this change on the company's share price and investor perception. The reduction in both voting rights attached to shares and through financial instruments could suggest portfolio rebalancing or a strategic shift by BlackRock.

It is essential to consider the financial instruments involved, such as Contracts for Difference (CFDs), which may have a different impact on the stock than direct share ownership due to their leverage and potential for short-term trading. The analysis of the company's fundamentals, in light of this ownership change, would be crucial in understanding the potential impact on its financial health and operational strategy.

Investment Strategist

The strategic implications of BlackRock's notification of crossing a threshold in Caledonia Mining Corporation's holdings are multifaceted. An investment strategist would assess the broader market trends, the mining sector's outlook and how BlackRock's investment decision aligns with these factors. This news could influence other institutional investors and the strategic decisions made by Caledonia's management.

Understanding BlackRock's investment thesis and how it might correlate with Caledonia's business prospects is crucial. If the reduction in shareholding is part of a trend among similar firms or sectors, it could indicate a shift in investment focus away from the mining industry or toward other opportunities. Long-term implications for the company's capital raising abilities and strategic partnerships also merit consideration.

ST HELIER, Jersey, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or the "Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces that it received notification on January 22, 2024 from BlackRock, Inc. that on January 19, 2024 it had crossed a threshold for notification of a relevant change (as defined by the AIM Rules for Companies).

A copy of the notification is below.

Enquiries:

Caledonia Mining Corporation Plc
Mark Learmonth	Tel: +44 1534 679 800
Camilla Horsfall	Tel: +44 7817 841 793
Cavendish Capital Markets Limited (Nomad and Joint Broker)
Adrian Hadden	Tel: +44 207 397 1965
Pearl Kellie	Tel: +44 131 220 9775
Liberum Capital Limited (Joint Broker)
Scott Mathieson/Kane Collings	Tel: +44 20 3100 2000
Camarco, Financial PR (UK)
Gordon Poole	Tel: +44 20 3757 4980
Julia Tilley
Elfie Kent
3PPB (Financial PR, North America)
Patrick Chidley	Tel: +1 917 991 7701
Paul Durham	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 attached ii:			CALEDONIA MINING CORPORATION 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 obligation iv
Name			BlackRock, Inc.
City and country of registered office (if applicable)			Wilmington, DE, USA
4. Full name of shareholder(s) (if different from 3.) v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached vi:			19/01/2024
6. Date on which issuer notified (DD/MM/YYYY):			22/01/2024
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 held in issuer (8.A + 8.B) vii
Resulting situation on the date on which threshold was crossed or reached	3.96%	0.88%		4.84%	930,722
Position of previous notification (if applicable)	4.27%	0.70%		4.97%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
A: Voting rights attached to shares
Class/type of shares	Number of voting rights ix					% of voting rights
ISIN code (if possible)	Direct (DTR5.1)		Indirect (DTR5.2.1)			Direct (DTR5.1)		Indirect (DTR5.2.1)
JE00BF0XVB15			760,728					3.96%
SUBTOTAL 8. A	760,728					3.96%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument	Expiration date x	Exercise/ Conversion Period xi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
Securities Lending	N/A	N/A			77,965			0.40%
		SUBTOTAL 8. B 1			77,965			0.40%
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrument	Expiration date x	Exercise/ Conversion Period xi		Physical or cash Settlement xii			Number of voting rights	% of voting rights
CFD	N/A	N/A		Cash			92,029	0.47%
				SUBTOTAL 8.B.2			92,029	0.47%

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) issuer xiii
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 entity (please add additional rows as necessary) xiv				X
Name xv	% 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
BlackRock, Inc.
Trident Merger, LLC
BlackRock Investment Management, LLC
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Holdco 4, LLC
BlackRock Holdco 6, LLC
BlackRock Delaware Holdings Inc.
BlackRock Institutional Trust Company, National Association
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Holdco 4, LLC
BlackRock Holdco 6, LLC
BlackRock Delaware Holdings Inc.
BlackRock Fund Advisors
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Capital Holdings, Inc.
BlackRock Advisors, LLC
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information xvi
BlackRock Regulatory Threshold Reporting Team Jana Blumenstein 020 7743 3650

Place of completion	12 Throgmorton Avenue, London, EC2N 2DL, U.K.
Date of completion	22 January 2024

FAQ

What is the recent notification that Caledonia Mining Corporation Plc received?

Caledonia Mining Corporation Plc received notification from BlackRock, Inc. that it crossed a threshold for notification of a relevant change.

Who is the company that sent the notification to Caledonia Mining Corporation Plc?

The notification was sent by BlackRock, Inc.

What percentage of voting rights does BlackRock, Inc. now hold in Caledonia Mining Corporation Plc?

BlackRock, Inc. now holds 4.84% of the voting rights in Caledonia Mining Corporation Plc.

When was the notification received by Caledonia Mining Corporation Plc?

The notification was received on January 22, 2024.

What is the significance of the notification from BlackRock, Inc. to Caledonia Mining Corporation Plc?

The notification signifies that BlackRock, Inc. has crossed a threshold for notification of a relevant change, impacting the voting rights in Caledonia Mining Corporation Plc.