Caledonia Mining Corporation Plc Notification of relevant change to significant shareholder

Rhea-AI Summary

Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) announced a significant change in shareholdings on January 7, 2022. Van Eck Associates Corporation notified the company that it crossed a threshold regarding its ownership of voting rights as of January 6, 2022. The current stake held is 3.9838%, amounting to 508,200 shares, decreasing from a previous holding of 540,381 shares, which represented 4.2361%. This notification aligns with the AIM Rules for Companies regarding major holdings.

Positive

• Van Eck Associates Corporation holds 3.9838% of voting rights, indicating continued institutional interest.
• The company remains compliant with AIM Rules for Companies in disclosing significant shareholder changes.

Negative

• Decreased shareholding from 4.2361% to 3.9838% may indicate a lack of confidence or strategic reallocation by Van Eck.

ST HELIER, Jersey, Jan. 11, 2022 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VEFX: CMCL) ("Caledonia" or the "Company") announces that it received notification on January 7, 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 January 6, 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 7728 02131

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 issuer						X
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights						X
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
Name			Van 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
Name			VanEck Junior Gold Miners ETF VanEck Vectors Junior Gold Miners UCITS ETF
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi:			06/01/2022
6. Date on which issuer notified (DD/MM/YYYY):			07/01/2022
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 reached	3.9838%			3.9838%	508,200
Position of previous notification (if applicable)	540,381			4.2361%

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)
JE00BF0XVB15	508,200			3.9838%
SUBTOTAL 8. A	508,200			3.9838%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument	Expiration 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 instrument	Expiration 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 threshold	Total of both if it equals or is higher than the notifiable threshold
VanEck Junior Gold Miners ETF	3.5837%		3.5837%
VanEck Vectors Junior Gold Miners UCITS ETF	0.4001%		0.4001%
10. In case of proxy voting, please identify:
Name of the proxy holder		Glass Lewis
The number and % of voting rights held		508,200 shares and 3.9838% voting right
The date until which the voting rights will be held		Open
11. Additional informationxvi

Place of completion	Tampa, FL
Date of completion	7 January 2022

FAQ

What recent change occurred in Caledonia Mining's shareholder structure as of January 2022?

Van Eck Associates Corporation notified Caledonia Mining that it reduced its stake from 4.2361% to 3.9838% as of January 6, 2022.

What percentage of voting rights does Van Eck Associates Corporation now hold in CMCL?

As of January 6, 2022, Van Eck Associates Corporation holds 3.9838% of the voting rights in Caledonia Mining Corporation.

When did Van Eck Associates notify Caledonia Mining about the change in ownership?

Van Eck Associates notified Caledonia Mining on January 7, 2022.

What is the significance of the notification received by Caledonia Mining?

The notification signifies a change in significant shareholder status according to AIM Rules, impacting the company's ownership structure.