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Caledonia Mining Corporation Plc Notification of relevant change to significant shareholder

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Caledonia Mining Corporation Plc (CMCL) announced on March 4, 2022, that Van Eck Associates Corporation, a significant shareholder, notified the company of a change in its holdings. The notification confirmed that as of March 3, 2022, Van Eck crossed a threshold, now holding 4.008% of voting rights in Caledonia, up from 3.9838%. The reporting aligns with AIM Rules for Companies.

This notification constitutes inside information under EU Market Abuse Regulation.

Positive
  • Increase in Van Eck Associates Corporation's holdings from 3.9838% to 4.008%, indicating growing investor confidence.
Negative
  • None.

ST HELIER, Jersey, March 07, 2022 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) ("Caledonia" or the "Company") announces that it received notification on March 4, 2022 from Van Eck Associates Corporation, which is a "significant shareholder" of the Company as defined by the AIM Rules for Companies, that it has changed its interest in the Company and on March 3, 2022 crossed a particular threshold for notification of its holdings in the Company. 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
WH Ireland
Adrian Hadden/ Andrew De Andrade


Tel: +44 20 7220 1751
Blytheweigh 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

Note: The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

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 attachedii:Caledonia Mining Corp 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 obligationiv
NameVan Eck Associates Corporation
City and country of registered office (if applicable)New York, NY USA
4. Full name of shareholder(s) (if different from 3.)v
NameVanEck Junior Gold Miners ETF
VanEck Junior Gold Miners UCITS ETF
City and country of registered office (if applicable) 
5. Date on which the threshold was crossed or reachedvi:03/03/2022
6. Date on which issuer notified (DD/MM/YYYY):04/03/2022
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 of issuervii
Resulting situation on the date on which threshold was crossed or reached4.008% 4.008%514,346
Position of previous notification (if
applicable)
508,200  3.9838% 


8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of
shares
ISIN code (if possible)

Number of voting rightsix% of voting rights
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
JE00BF0XVB15514,346 4.008% 
     
     
SUBTOTAL 8. A514,3464.008%
 
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrumentExpiration
datex
Exercise/
Conversion Periodxi
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 Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrumentExpiration
datex
Exercise/
Conversion Period xi
Physical or cash
settlementxii
Number of voting rights % of voting rights
      
      
      
   SUBTOTAL 8.B.2  
 


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) issuerxiii 
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 entityxiv (please add additional rows as necessary)
 
Namexv% 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
VanEck Junior Gold Miners ETF3.64% 3.64%
VanEck Junior Gold Miners UCITS ETF0.368% 0.368%
    
    
    
 
10. In case of proxy voting, please identify:
Name of the proxy holderGlass Lewis
The number and % of voting rights held514,346 shares and 4.008% voting right
The date until which the voting rights will be heldOpen
 
11. Additional informationxvi
 


Place of completionTampa, FL
Date of completion4 March 2022

FAQ

What change did Van Eck Associates Corporation make to its CMCL holdings?

Van Eck Associates Corporation increased its holdings in Caledonia Mining from 3.9838% to 4.008% on March 3, 2022.

What is the significance of Van Eck's shareholding in CMCL?

As a significant shareholder, Van Eck's increased stake reflects confidence in Caledonia Mining's potential.

When did Van Eck notify Caledonia Mining about its holdings?

Van Eck notified Caledonia Mining on March 4, 2022, about the change in its holdings that occurred on March 3, 2022.

Caledonia Mining Corporation Plc

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Saint Helier