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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 15, 2024. According to the detailed notification, BlackRock's total position decreased to 4.99% of voting rights, consisting of 4.74% in direct shares (911,442 voting rights) and 0.25% through financial instruments (49,190 voting rights through CFDs), down from a previous position of 5.02%.

Caledonia Mining (NYSE AMERICAN: CMCL) ha annunciato di aver ricevuto una comunicazione da BlackRock, Inc. riguardante un cambiamento nella partecipazione azionaria che ha superato una soglia di notifica il 15 novembre 2024. Secondo la comunicazione dettagliata, la posizione totale di BlackRock è diminuita al 4,99% dei diritti di voto, di cui il 4,74% in azioni dirette (911.442 diritti di voto) e lo 0,25% attraverso strumenti finanziari (49.190 diritti di voto attraverso CFD), in calo rispetto alla posizione precedente del 5,02%.

Caledonia Mining (NYSE AMERICAN: CMCL) anunció haber recibido una notificación de BlackRock, Inc. sobre un cambio en la participación accionaria que cruzó un umbral de notificación el 15 de noviembre de 2024. Según la notificación detallada, la posición total de BlackRock disminuyó al 4,99% de los derechos de voto, consistente en un 4,74% en acciones directas (911,442 derechos de voto) y un 0,25% a través de instrumentos financieros (49,190 derechos de voto a través de CFDs), bajando desde una posición anterior del 5,02%.

칼레도니아 마이닝 (NYSE AMERICAN: CMCL)가 블랙록, Inc.으로부터 2024년 11월 15일 통지경계인 주식 보유 변경 알림을 받았다고 발표했습니다. 상세 통지에 따르면 블랙록의 총 지분은 투표권의 4.99%로 감소했으며, 이 중 4.74%는 직접 보유한 주식(투표권 911,442주)이고, 0.25%는 금융 상품(CFD를 통한 투표권 49,190주)을 통해서입니다. 이전 지분은 5.02%였습니다.

Caledonia Mining (NYSE AMERICAN: CMCL) a annoncé avoir reçu une notification de BlackRock, Inc. concernant un changement dans l'actionnariat qui a franchi un seuil de notification le 15 novembre 2024. Selon la notification détaillée, la position totale de BlackRock a diminué à 4,99% des droits de vote, dont 4,74% en actions directes (911.442 droits de vote) et 0,25% via des instruments financiers (49.190 droits de vote via des CFDs), en baisse par rapport à une position précédente de 5,02%.

Caledonia Mining (NYSE AMERICAN: CMCL) hat bekannt gegeben, dass es eine Mitteilung von BlackRock, Inc. über eine Änderung des Aktienbesitzes erhalten hat, die am 15. November 2024 einen Benachrichtigungsschwelle überschritt. Laut der detaillierten Mitteilung sank die Gesamtposition von BlackRock auf 4,99% der Stimmrechte, bestehend aus 4,74% in direkten Aktien (911.442 Stimmrechte) und 0,25% durch Finanzinstrumente (49.190 Stimmrechte durch CFDs), gegenüber einer vorherigen Position von 5,02%.

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Insights

BlackRock's slight reduction in ownership stake in Caledonia Mining from 5.02% to 4.99% represents a minor shift in institutional holdings. The change consists of 4.74% in direct voting rights and 0.25% through financial instruments. While crossing below the 5% threshold triggers regulatory disclosure requirements, this marginal decrease doesn't signal a significant change in institutional confidence.

BlackRock's continued substantial position, managed through various subsidiaries including BlackRock Fund Advisors, suggests maintained interest in Caledonia's mining operations. For a small-cap mining company with a market cap of $215.6M, retaining significant institutional ownership is important for market stability and trading liquidity.

ST HELIER, Jersey, Nov. 20, 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 18, 2024 from BlackRock, Inc. that on November 15, 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:15/11/2024
6. Date on which issuer notified (DD/MM/YYYY):18/11/2024
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 reached4.74%0.25%4.99%960,632
Position of previous notification (if
applicable)
4.76%0.25%5.02% 



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 911,442 4.74%
     
     
SUBTOTAL 8. A911,4424.74%
 
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) xivX
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 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 Advisors3.150%0.000%3.150%
    
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 completion18 November 2024

FAQ

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

As of November 15, 2024, BlackRock holds a 4.99% total position in Caledonia Mining, consisting of 4.74% in shares and 0.25% through financial instruments.

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

BlackRock owns 960,632 total voting rights in Caledonia Mining, with 911,442 direct voting rights and 49,190 through financial instruments.

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

BlackRock crossed the notification threshold on November 15, 2024, with the company being notified on November 18, 2024.

Caledonia Mining Corporation Plc

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210.40M
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47.82%
0.89%
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Saint Helier