Caledonia Mining Corporation Plc: Notification of Relevant Change to Significant Shareholder

Rhea-AI Summary

Caledonia Mining (CMCL) received a notification from BlackRock, Inc. regarding a change in shareholding that crossed a notification threshold on December 27, 2024. BlackRock's total position decreased slightly to 4.99% of voting rights, consisting of 4.74% direct voting rights (910,828 shares) and 0.25% through financial instruments (49,190 shares via CFDs). The notification was received on December 30, 2024, and represents a minor reduction from the previous position of 5.00%.

Insights

Financial Analyst

BlackRock's position change in Caledonia Mining (CMCL) is marginally notable but not significantly impactful. The investment giant has reduced its total holding from 5.00% to 4.99%, maintaining 4.74% in direct voting rights and 0.25% through financial instruments. This minimal reduction of 0.01% represents a technical threshold crossing rather than a meaningful shift in institutional confidence.

The breakdown shows 910,828 voting rights attached to shares and 49,190 voting rights through CFDs (Contracts for Difference), totaling 960,018 shares. For a small-cap mining company with a market cap of $179M, BlackRock's continued substantial position suggests institutional confidence in CMCL's fundamentals, despite the minor adjustment.

This type of threshold notification is a regulatory requirement rather than a strategic portfolio adjustment. The structure of BlackRock's holding, split between direct ownership and CFDs, indicates a sophisticated approach to maintaining exposure while managing risk in a relatively illiquid small-cap mining stock.

SAINT HELIER, JE / ACCESSWIRE / December 31, 2024 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that it received notification on December 30, 2024 from BlackRock, Inc. that on December 27, 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 Camilla Horsfall	Tel: +44 1534 679 800 Tel: +44 7817 841 793
Cavendish Capital Markets Limited (Nomad and Joint Broker) Adrian Hadden Pearl Kellie	Tel: +44 207 397 1965 Tel: +44 131 220 9775
Panmure Liberum (Joint Broker) Scott Mathieson/Ailsa MacMaster	Tel: +44 20 3100 2000
Camarco, Financial PR (UK) Gordon Poole Julia Tilley Elfie Kent	Tel: +44 20 3757 4980
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 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:			27/12/2024
6. Date on which issuer notified (DD/MM/YYYY):			30/12/2024
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	4.74%	0.25%		4.99%	960,018
Position of previous notification (if applicable)	4.74%	0.25%		5.00%

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 ISIN code (if possible)		Number of voting rights ix					% of voting rights
		Direct (DTR5.1)		Indirect (DTR5.2.1)			Direct (DTR5.1)		Indirect (DTR5.2.1)
JE00BF0XVB15				910,828					4.74%
SUBTOTAL 8. A		910,828					4.74%
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
			SUBTOTAL 8. B 1
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			49,190	0.25%
					SUBTOTAL 8.B.2			49,190	0.25%

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.
BlackRock Finance, Inc.
Trident Merger, LLC
BlackRock Investment Management, LLC
BlackRock, Inc.
BlackRock Finance, 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 Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Holdco 4, LLC
BlackRock Holdco 6, LLC
BlackRock Delaware Holdings Inc.
BlackRock Fund Advisors	3.140%	0.000%	3.140%
BlackRock, Inc.
BlackRock Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock, Inc.
BlackRock Finance, 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	30 December 2024

SOURCE: Caledonia Mining Corporation Plc

View the original press release on accesswire.com

FAQ

What is BlackRock's current shareholding percentage in Caledonia Mining (CMCL)?

As of December 27, 2024, BlackRock holds a 4.99% total position in CMCL, comprising 4.74% in direct voting rights and 0.25% through financial instruments.

How many CMCL shares does BlackRock own as of December 2024?

BlackRock owns 910,828 shares with direct voting rights and has exposure to 49,190 shares through CFDs, totaling 960,018 shares.

When did BlackRock cross the notification threshold for CMCL?

BlackRock crossed the notification threshold on December 27, 2024, with the company being notified on December 30, 2024.

What was BlackRock's previous shareholding position in CMCL before the change?

BlackRock's previous position was 5.00% of total voting rights in CMCL.