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

Rhea-AI Summary

Caledonia Mining Corporation Plc (CMCL) announced on July 15, 2020, that BlackRock, Inc., a significant shareholder, has notified the Company of its holdings surpassing a reporting threshold. As of July 13, 2020, BlackRock indirectly holds 391,141 voting rights, representing 3.39% of CMCL's issued share capital, and an additional interest of 1.64% through financial instruments. This brings BlackRock's total interest in voting rights to 5.04%. Caledonia welcomes this investment as a sign of confidence.

Positive

• BlackRock's total interest in CMCL has reached 5.04%, indicating strong institutional support.

Negative

• None.

ST HELIER, Jersey, July 15, 2020 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (“Caledonia” or the “Company”) (NYSE AMERICAN: CMCL; AIM: CMCL) announces that it received notification yesterday, on July 14, 2020, from BlackRock, Inc., which is a “significant shareholder” of the Company as defined by the AIM Rules for Companies, that it crossed a particular threshold for notification of its holdings in the Company on July 13, 2020. 

According to the notification, as at that date the shareholder holds indirectly 391,141 voting rights attached to the shares in the Company, which represents 3.39% of the Company’s issued share capital; and has an interest in 1.64% of voting rights through financial instruments (represented by 169,300 voting rights that may be acquired through securities lending and 20,699 voting rights in the form of CFD). 

Accordingly, the shareholder’s total interest in voting rights equates to 5.04% of the Company’s issued share capital which, as at this date, comprises 11,520,860 shares of no par value.

A copy of the notification can be found on the Company’s website at:

https://www.caledoniamining.com/investors/shareholder-information/

Caledonia welcomes BlackRock, Inc.’s investment in the Company.

For further information please contact:

Caledonia Mining Corporation Plc
Mark Learmonth Maurice Mason	Tel: +44 1534 679 802 Tel: +44 759 078 1139
WH Ireland Adrian Hadden/James Sinclair-Ford	Tel: +44 20 7220 1751
Blytheweigh Tim Blythe/Camilla Horsfall/Megan Ray	Tel: +44 207 138 3204
3PPB
Patrick Chidley Paul Durham	Tel: +1 917 991 7701 Tel: +1 203 940 2538

FAQ

What is BlackRock's stake in Caledonia Mining Corporation (CMCL)?

As of July 13, 2020, BlackRock holds a total interest of 5.04% in Caledonia Mining Corporation.

When did BlackRock notify Caledonia Mining about its shareholding?

BlackRock notified Caledonia Mining on July 14, 2020, about its shareholding status as of July 13, 2020.

What percentage of Caledonia's issued share capital does BlackRock hold?

BlackRock holds 3.39% of Caledonia's issued share capital directly and an additional 1.64% indirectly through financial instruments.

Where can I find more information about Caledonia Mining's shareholders?

More information about Caledonia Mining's shareholders can be found on their website.