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

Rhea-AI Summary

Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL) announced on June 30, 2021, that BlackRock, Inc. notified them about a change in their holdings. As of June 25, 2021, BlackRock’s interest in voting rights has fallen below 3% of Caledonia's issued share capital. This notification is crucial as it indicates a reduction in one of the company’s significant shareholders, which could affect market perception and stock performance.

Positive

• None.

Negative

• BlackRock's holdings have decreased below 3%, indicating a reduced confidence from a major institutional investor.

ST HELIER, Jersey, June 30, 2021 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or the "Company") (NYSE AMERICAN: CMCL; AIM: CMCL) announces that it received notification on June 28, 2021 from BlackRock, Inc. that it crossed a particular threshold for notification of its holdings in the Company on June 25, 2021. 

Blackrock Inc.’s total interest in voting rights is now below 3% of the Company's issued share capital.

For further information please contact:

Caledonia Mining Corporation Plc Mark Learmonth Camilla Horsfall	Tel: +44 1534 679 800 Tel: +44 7817 841793
WH Ireland (Nomad and Broker) Adrian Hadden/James Sinclair-Ford	Tel: +44 20 7220 1751
Blytheweigh Tim Blythe/Megan Ray	Tel: +44 207 138 3204
3PPB Patrick Chidley Paul Durham	Tel: +1 917 991 7701 Tel: +1 203 940 2538

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

FAQ

What does BlackRock's ownership change mean for Caledonia Mining Corporation (CMCL)?

BlackRock's decline in holdings below 3% may signal reduced confidence in Caledonia Mining Corporation, which could impact market perception.

When did BlackRock notify Caledonia Mining Corporation about its reduced shares?

BlackRock notified Caledonia Mining Corporation on June 28, 2021, regarding its holdings that changed on June 25, 2021.

What is the current status of BlackRock's holdings in CMCL?

BlackRock’s total interest in voting rights in Caledonia Mining Corporation is now below 3% of the company's issued share capital.