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

Rhea-AI Summary

Caledonia Mining (NYSE AMERICAN: CMCL) announced receiving a notification from BlackRock, Inc. regarding a change in shareholding that crossed a threshold for notification on November 7, 2024. According to the notification, BlackRock's total position decreased to 4.97% of voting rights, consisting of 4.72% in direct shares (907,873 voting rights) and 0.25% through financial instruments (48,864 voting rights through CFDs), totaling 956,737 voting rights. This represents a slight decrease from their previous position of 5.00%.

Insights

Financial Analyst

BlackRock's reduction in ownership stake to 4.97% from 5.00% in Caledonia Mining represents a minor but notable shift in institutional holdings. The change consists of 4.72% direct voting rights and 0.25% through financial instruments, primarily CFDs. While the decrease is minimal, it's worth monitoring as BlackRock is a significant institutional investor whose position changes can influence market sentiment.

The timing of this disclosure, coming amid volatile precious metals markets and mining sector challenges, warrants attention. For a small-cap mining company like Caledonia, with a market cap of $292 million, maintaining strong institutional backing is important for market stability and future capital raising capabilities.

ST HELIER, Jersey, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or "the Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces that it received notification on November 8, 2024 from BlackRock, Inc. that on November 7, 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/Matt Hogg	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 attachedii:				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 obligationiv
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 reachedvi:				07/11/2024
6.Date on which issuer notified (DD/MM/YYYY):				08/11/2024
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	4.72%		0.25%			4.97%		956,737
Position of previous notification (if applicable)	4.74%		0.26%			5.00%

 

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 (DTR5.1)		Indirect (DTR5.2.1)			Direct (DTR5.1)		Indirect (DTR5.2.1)
JE00BF0XVB15				907,873					4.72%
SUBTOTAL 8. A		907,873					4.72%
B 1: Financial Instruments according to DTR5.3.1R (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 DTR5.3.1R (1) (b)
Type of financial instrument	Expiration datex		Exercise/ Conversion Periodxi		Physical or cash Settlementxii			Number of voting rights	% of voting rights
CFD	N/A		N/A		Cash			48,864	0.25%
					SUBTOTAL 8.B.2			48,864	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) issuerxiii
Fullchain 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
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
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	3.130%		0.000%		3.130%
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 informationxvi
BlackRock Regulatory Threshold Reporting Team Jana Blumenstein 020 7743 3650

 

Place of completion	12 Throgmorton Avenue, London, EC2N 2DL, U.K.
Date of completion	08 November 2024

FAQ

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

As of November 7, 2024, BlackRock holds a 4.97% total position in Caledonia Mining, consisting of 4.72% in direct shares and 0.25% through financial instruments.

How many voting rights does BlackRock own in Caledonia Mining (CMCL)?

BlackRock owns a total of 956,737 voting rights in Caledonia Mining, with 907,873 direct voting rights and 48,864 voting rights through CFDs.

When did BlackRock cross the notification threshold for Caledonia Mining (CMCL)?

BlackRock crossed the notification threshold on November 7, 2024, with the company being notified on November 8, 2024.