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

Rhea-AI Summary

Caledonia Mining Corporation Plc (NYSE American: CMCL; AIM: CMCL, VFEX: CMCL) announced on March 28, 2022, that Sales Promotion Services S.A. has sold 15,299 shares, reducing its stake to 4.99% of the total issued share capital. This notification follows a threshold crossing on March 10, 2022. The adjustment in shareholding is notable as it may affect market perceptions and shareholder dynamics. Investors should monitor how this change influences future stock performance.

Positive

• Reduction of a significant shareholder's stake may create opportunities for other investors.

Negative

• A significant shareholder reducing their stake could indicate potential bearish sentiment.

ST HELIER, Jersey, March 28, 2022 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (“Caledonia” or the “Company”) (NYSE American: CMCL; AIM: CMCL, VFEX: CMCL) announces that it received notification on March 24, 2022 that, following sales of an aggregate of 15,299 shares, the interest of Sales Promotion Services S.A., being a significant shareholder as defined by the AIM Rules, in shares of the Company has reduced to 628,474 shares representing 4.99% of the Company’s total issued share capital and that its interest crossed a threshold for notification on March 10, 2022. 

Enquiries:

Caledonia Mining Corporation Plc Mark Learmonth Camilla Horsfall	Tel: +44 1534 679 802 Tel: +44 7817 841793
WH Ireland Adrian Hadden/ Jessica Cave/ Andrew De Andrade	Tel: +44 20 7220 1751
Blytheweigh Financial PR Tim Blythe/Megan Ray	Tel: +44 207 138 3204
3PPB Patrick Chidley Paul Durham	Tel: +1 917 991 7701 Tel: +1 203 940 2538
Curate Public Relations (Zimbabwe) Debra Tatenda	Tel: +263 772802131

 

FAQ

What is the current shareholding percentage of Sales Promotion Services S.A. in Caledonia Mining Corporation?

Sales Promotion Services S.A. currently holds 4.99% of Caledonia Mining Corporation's total issued share capital.

When did Sales Promotion Services S.A. notify Caledonia Mining Corporation about the share sale?

The notification regarding the share sale was received on March 24, 2022.

How many shares did Sales Promotion Services S.A. sell?

Sales Promotion Services S.A. sold an aggregate of 15,299 shares.

What is the significance of the threshold crossing notification on March 10, 2022?

The threshold crossing notification indicates a change in significant shareholder status, which may impact shareholder dynamics.