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

Rhea-AI Summary

Caledonia Mining Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announced that on July 10, 2024, Allan Gray Proprietary confirmed holding 1,343,747 shares. This represents 7.00% of Caledonia's issued share capital, marking a relevant change under AIM Rules for Companies. Allan Gray's interest is through its investment funds: Allan Gray Africa Equity Fund and Allan Gray Africa Ex SA Equity Fund This update reflects a change from their previously disclosed shareholding.

Positive

• Allan Gray Proprietary now holds 7.00% of Caledonia's issued share capital.

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• None.

ST HELIER, Jersey, July 12, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or "the Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces that, in response to its enquiries, Allan Gray Proprietary Limited, which has an interest in shares in the Company through two of its related investment funds Allan Gray Africa Equity Fund Limited and Allan Gray Africa Ex SA Equity Fund Limited, confirmed on July 10, 2024 that it holds 1,343,747 shares, representing 7.00% of the Company’s issued share capital, which constitutes a relevant change (as defined by the AIM Rules for Companies) to its previously disclosed shareholding.

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

FAQ

What is the new shareholding percentage of Allan Gray Proprietary in Caledonia Mining (CMCL)?

Allan Gray Proprietary now holds 7.00% of Caledonia Mining 's issued share capital.

When did Allan Gray confirm its new shareholding in Caledonia Mining (CMCL)?

Allan Gray confirmed its new shareholding on July 10, 2024.

Which investment funds are involved in Allan Gray's shareholding in Caledonia Mining (CMCL)?

Allan Gray's shareholding is through Allan Gray Africa Equity Fund and Allan Gray Africa Ex SA Equity Fund

Why is Allan Gray's change in shareholding considered relevant for Caledonia Mining (CMCL)?

The change is significant as it constitutes a relevant change under the AIM Rules for Companies.