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

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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 11, 2024. According to the notification, BlackRock's total position increased to 5.02% of voting rights, consisting of 4.76% voting rights attached to shares (915,643 shares) and 0.25% through financial instruments (49,190 CFDs). This represents a total of 964,833 voting rights in the issuer.

Caledonia Mining (NYSE AMERICAN: CMCL) ha annunciato di aver ricevuto una notifica da BlackRock, Inc. riguardo a un cambiamento nella partecipazione azionaria che ha superato una soglia di notifica l'11 novembre 2024. Secondo la notifica, la posizione totale di BlackRock è aumentata al 5,02% dei diritti di voto, composta da 4,76% di diritti di voto associati a azioni (915.643 azioni) e 0,25% attraverso strumenti finanziari (49.190 CFD). Questo rappresenta un totale di 964.833 diritti di voto nell'emittente.

Caledonia Mining (NYSE AMERICAN: CMCL) anunció haber recibido una notificación de BlackRock, Inc. sobre un cambio en la participación accionaria que superó un umbral de notificación el 11 de noviembre de 2024. Según la notificación, la posición total de BlackRock aumentó al 5.02% de los derechos de voto, compuesta por 4.76% de derechos de voto asociados a acciones (915,643 acciones) y 0.25% a través de instrumentos financieros (49,190 CFD). Esto representa un total de 964,833 derechos de voto en el emisor.

칼레도니아 마이닝(NYSE AMERICAN: CMCL)은 블랙락, Inc.로부터 2024년 11월 11일에 알림을 받았다고 발표했습니다. 이번 알림에 따르면 블랙락의 총 보유 지분이 투표권의 5.02%로 증가했으며, 이는 4.76%의 투표권이 주식(915,643주)에 연결되었고 0.25%는 금융 상품(49,190 CFD)을 통해 이루어졌습니다. 이는 발행인의 총 투표권 964,833개를 나타냅니다.

Caledonia Mining (NYSE AMERICAN: CMCL) a annoncé avoir reçu une notification de BlackRock, Inc. concernant un changement dans la participation actionnariale qui a franchi un seuil de notification le 11 novembre 2024. Selon la notification, la position totale de BlackRock a augmenté à 5,02% des droits de vote, composée de 4,76% de droits de vote attachés à des actions (915 643 actions) et 0,25% par le biais d'instruments financiers (49 190 CFD). Cela représente un total de 964 833 droits de vote dans l'émetteur.

Caledonia Mining (NYSE AMERICAN: CMCL) gab bekannt, dass es eine Mitteilung von BlackRock, Inc. erhalten hat, die eine Änderung der Beteiligung betrifft, die am 11. November 2024 eine Benachrichtigungsschwelle überschritt. Laut der Mitteilung erhöhte sich die Gesamtposition von BlackRock auf 5,02% der Stimmrechte, bestehend aus 4,76% Stimmrechten, die an Aktien (915.643 Aktien) gebunden sind, und 0,25% über Finanzinstrumente (49.190 CFDs). Dies entspricht insgesamt 964.833 Stimmrechten im Emittenten.

Positive
  • BlackRock increased its total position to 5.02%, showing institutional investor confidence
Negative
  • None.

Insights

BlackRock's increased stake in Caledonia Mining to 5.02% through combined direct holdings and financial instruments represents a marginally positive development. The institutional investor's growing position, while modest, signals confidence in CMCL's fundamentals and future prospects.

The breakdown shows 4.76% in direct voting rights (915,643 shares) and 0.25% through cash-settled CFDs (49,190 shares). BlackRock's Fund Advisors division holds the largest portion at 3.17%, indicating a structured, long-term investment approach rather than speculative positioning.

For a small-cap mining company with a market cap of $292M, having BlackRock as a significant shareholder enhances credibility and may improve access to capital markets. However, the relatively small position size in BlackRock's portfolio context suggests immediate market impact.

ST HELIER, Jersey, Nov. 13, 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 12, 2024 from BlackRock, Inc. that on November 11 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 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 issuerX
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rightsX
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
NameBlackRock, 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:11/11/2024
6. Date on which issuer notified (DD/MM/YYYY):12/11/2024
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 reached4.76%0.25%5.02%964,833
Position of previous notification (if
applicable)
4.72%0.25%4.97% 



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 915,643 4.76%
     
     
SUBTOTAL 8. A915,6434.76%
 
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrumentExpiration
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 instrumentExpiration
date x
Exercise/
Conversion Period xi
Physical or cash
Settlement xii
Number of voting rights % of voting rights
CFDN/AN/ACash49,1900.25%
      
      
   SUBTOTAL 8.B.249,1900.25%
 


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 thresholdTotal 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 Advisors3.170%0.000%3.170%
    
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 completion12 Throgmorton Avenue, London, EC2N 2DL, U.K.
Date of completion12 November 2024

FAQ

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

BlackRock holds a 5.02% total position in Caledonia Mining, comprising 4.76% in direct voting rights and 0.25% through financial instruments as of November 11, 2024.

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

BlackRock owns 915,643 shares with voting rights and has exposure to 49,190 shares through CFDs, totaling 964,833 voting rights in Caledonia Mining.

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

BlackRock crossed the notification threshold on November 11, 2024, and notified Caledonia Mining on November 12, 2024.

Caledonia Mining Corporation Plc

NYSE:CMCL

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227.21M
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48.14%
1.02%
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Saint Helier