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

Rhea-AI Summary

Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) has reported a change in major holdings as disclosed by Allan Gray Proprietary Limited. On April 17, 2023, Allan Gray crossed a notification threshold, leading to a formal notice sent out on April 19, 2023. The notification indicates that Allan Gray currently holds 11.2755% of the voting rights in the company, totaling 2,163,543 voting rights. This represents a decrease from a previous holding of 12.0679% as per earlier notifications. The changes reflect potential shifts in investor sentiment and voting power within Caledonia Mining, which may impact future corporate governance and decision-making.

Positive

• Allan Gray now holds 11.2755% of voting rights, indicating sustained institutional interest.
• The notification showcases compliance with regulatory requirements, maintaining transparency.

Negative

• Decrease in Allan Gray's voting rights from 12.0679% to 11.2755% could signal reduced confidence.

ST HELIER, Jersey, April 20, 2023 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (the "Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces that it received notification on April 19, 2023 from Allan Gray Proprietary Limited of a change to its interest in the Company and on April 17, 2023 crossed a particular threshold for notification.

A copy of the notification is below.

Enquiries:

Caledonia Mining Corporation Plc Mark Learmonth Camilla Horsfall	Tel: +44 1534 679 802 Tel: +44 7817 841793
Cenkos Securities plc (Nomad and Joint Broker) Adrian Hadden Neil McDonald Pearl Kellie	Tel: +44 207 397 1965 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 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 77802131

TR-1: Standard form for notification of major holdings

1. Issuer Details
ISIN
JE00BF0XVB15
Issuer Name
CALEDONIA MINING CORPORATION PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Allan Gray Proprietary Limited
City of registered office (if applicable)
Cape Town
Country of registered office (if applicable)
South Africa
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
17-Apr-2023
6. Date on which Issuer notified
19-Apr-2023
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
Resulting situation on the date on which threshold was crossed or reached	11.275500	0.000000	11.275500	2163543
Position of previous notification (if applicable)	12.067900	0.000000	12.067900
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
JE00BF0XVB15	2163543		11.275500
Sub Total 8.A	2163543		11.275500
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
Sub Total 8.B1
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Sub Total 8.B2
9. Information in relation to the person subject to the notification obligation
1. 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.
Ultimate controlling person	Name of controlled undertaking	% 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
10. In case of proxy voting
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
12. Date of Completion
19-Apr-2023
13. Place Of Completion
Cape Town, South Africa

FAQ

What recent changes occurred in Caledonia Mining's shareholder structure?

Allan Gray Proprietary Limited reduced its stake in Caledonia Mining Corporation from 12.0679% to 11.2755%.

When did Allan Gray notify about its change in interest in CMCL?

Allan Gray notified about the change on April 19, 2023.

What percentage of voting rights does Allan Gray hold in CMCL?

Allan Gray currently holds 11.2755% of the voting rights in Caledonia Mining Corporation.

What does the notification from Allan Gray mean for CMCL investors?

The notification indicates a change in significant shareholder influence which could impact corporate governance.