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

Rhea-AI Summary

Caledonia Mining Corporation Plc (NYSE American: CMCL; AIM: CMCL) reported on October 15, 2020, a decline in the shareholding of Sales Promotion Services S.A. from 848,773 shares (7.89%) to 663,773 shares (5.48%), as of October 13, 2020. This change reflects a significant shareholder's reduced interest, according to AIM Rules. The beneficial owner of Sales Promotion Services S.A. is Heinrich Auwärter, as previously disclosed on November 13, 2017. No further details on this reduction have been provided by the company.

Positive

• None.

Negative

• Reduction in significant shareholder's interest from 7.89% to 5.48%, indicating potential loss of investor confidence.

ST HELIER, Jersey, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE American: CMCL; AIM: CMCL) (“Caledonia” or the “Company”) announces that it received notification on October 13, 2020 that the interest of Sales Promotion Services S.A., being a significant shareholder as defined by the AIM Rules, in shares of the Company has reduced to 663,773 shares representing 5.48% of the Company’s total issued share capital. No other details regarding the decrease have been disclosed to the Company.

The holder notified Caledonia on June 26, 2019 that it held an interest in 848,773 shares which, as at that date, represented 7.89% of the Company’s total issued share capital.

Caledonia announced on November 13, 2017 that it had been informed that the beneficial owner of Sales Promotion Services S.A. is Heinrich Auwärter.

For further information please contact:

Caledonia Mining Corporation Plc
Mark Learmonth Camilla Horsfall	Tel: +44 1534 679 802 Tel: +44 7817 841793
WH Ireland
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

FAQ

What recent shareholder changes has Caledonia Mining (CMCL) announced?

Caledonia Mining announced that Sales Promotion Services S.A. reduced its shareholding from 7.89% to 5.48%.

Who is the beneficial owner of Sales Promotion Services S.A. related to CMCL?

Heinrich Auwärter is the beneficial owner of Sales Promotion Services S.A.

When did Caledonia Mining receive notification about the shareholding change?

Caledonia Mining received notification on October 13, 2020.

What percentage of shares does Sales Promotion Services S.A. hold in Caledonia Mining now?

Sales Promotion Services S.A. now holds 5.48% of Caledonia Mining's total issued share capital.