Caledonia Mining Corporation Plc Notification of Relevant Change to Significant Shareholder

Rhea-AI Summary

Caledonia Mining (NYSE American: CMCL; AIM: CMCL; VFEX: CMCL) reports that on July 29, 2026 it received a notification from BlackRock that, on July 28, 2026, BlackRock crossed a relevant shareholding threshold under the AIM Rules for Companies.

According to Caledonia Mining, BlackRock now holds 5.11% of voting rights attached to shares (988,271 voting rights) and a further 1.99% through financial instruments, giving a total of 7.10% and 1,374,662 voting rights in the company. The previous notified position was 6.18%. The financial instruments include securities lending representing 0.98% (189,690 voting rights) and CFDs representing 1.01% (196,701 voting rights).

Market Context

Recent shareholder notifications produced -1.27% and 1.7% 24-hour reactions, showing varied historic...

Analysis

Recent shareholder notifications produced -1.27% and 1.7% 24-hour reactions, showing varied historical responses. The platform also records Net Buying by insiders; moderate short positioning is a relevant risk factor to monitor.

Key Figures

Threshold crossed: July 28, 2026 Voting rights through shares: 5.11% Voting rights through financial instruments: 1.99% +5 more

8 metrics

Threshold crossed July 28, 2026 BlackRock notification

Voting rights through shares 5.11% Resulting BlackRock position

Voting rights through financial instruments 1.99% Resulting BlackRock position

Total voting rights 7.10% Resulting BlackRock position

Voting rights held 1,374,662 Resulting BlackRock position

Previous total voting rights 6.18% Position of previous notification

Securities lending 189,690 voting rights (0.98%) Financial instruments

Cash-settled CFD 196,701 voting rights (1.01%) Financial instruments

Historical Context

5 past events · Latest: Jul 28 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 28	Results scheduling notice	Neutral	-1.3%	Company scheduled Q2 2026 results and an investor presentation for August 10.
Jul 23	Exploration results	Positive	-0.5%	K-Pits drilling defined a near-surface gold zone with oxide and sulphide mineralisation.
Jul 20	Production update	Positive	-1.1%	Q2 Blanket production increased 18% from Q1 and 2026 guidance was reaffirmed.
Jul 16	Shareholder notification	Neutral	-1.3%	BlackRock reported 6.18% total voting rights through shares and financial instruments.
Jul 15	Shareholder notification	Neutral	+1.7%	BlackRock reported 6.22% of total voting rights after crossing an AIM threshold.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

The two recent positive operational updates were followed by negative 24-hour reactions, while shareholder notifications produced mixed reactions.

Key Terms

aim rules for companies, tr-1, securities lending, cash-settled CFDs

4 terms

aim rules for companies regulatory

"crossed a threshold for notification of a relevant change (as defined by the AIM Rules for Companies)"

AIM rules for companies are the set of listing and ongoing obligations that firms must follow to trade on the AIM market, a venue for smaller or growing companies. They matter to investors because the rules require regular financial updates, disclosure of major events and standards of conduct—like a rulebook that helps ensure companies behave predictably and share the information investors need to judge risk and value.

tr-1 regulatory

"TR-1: Standard form for notification of major holdings"

A TR-1 is a financial form used by investors to report significant ownership stakes in a company, typically when they acquire or dispose of a large number of shares. It helps keep the market informed about major shareholders and potential changes in control, allowing other investors to make better-informed decisions. This transparency encourages fair trading and reduces surprises related to ownership shifts.

securities lending financial

"Securities Lending | N/A | N/A | 189,690 | 0.98%"

Securities lending is when an owner of stocks or bonds temporarily loans them to another party, usually so the borrower can sell them short or meet settlement needs; the lender receives a fee and typically some form of security in return. Investors should care because lending can generate extra income on holdings and affects market liquidity and short-selling activity, much like renting out a spare room brings income while someone else uses the space.

View in glossary

cash-settled CFDs financial

"CFD | N/A | N/A | Cash | 196,701 | 1.01%"

A cash-settled CFD (contract for difference) is a derivative agreement between two parties to exchange the difference in value of an underlying asset from the time the contract is opened to when it is closed, with gains or losses paid in cash rather than delivering the actual asset. It matters to investors because it provides a way to gain price exposure to stocks, indices, or commodities without owning them, often with leverage and specific margin and counterparty considerations similar to borrowing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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(NYSE American:CMCL)(AIM:CMCL)(VFEX:CMCL)

SAINT HELIER, JE / ACCESS Newswire / July 31, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that it received notification on July 29, 2026 from BlackRock, Inc. that on July 28, 2026 it had crossed a threshold for notification of a relevant change (as defined by the AIM Rules for Companies).

A copy of the notification is below.

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 Broker) Adrian Hadden George Lawson	Tel: +44 207 397 1965 Tel: +44 131 220 9775
Camarco, Financial PR (UK) Elfie Kent	Tel: +44 20 3757 4980
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

 

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 attached ii:			CALEDONIA MINING CORPORATION 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						X
An event changing the breakdown of voting rights
Other (please specify) iii:
3. Details of person subject to the notification obligation iv
Name			BlackRock, Inc.
City and country of registered office (if applicable)			Wilmington, DE, USA
4. Full name of shareholder(s) (if different from 3.) v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached vi:			28/07/2026
6. Date on which issuer notified (DD/MM/YYYY):			29/07/2026
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 held in issuer (8.A + 8.B) vii
Resulting situation on the date on which threshold was crossed or reached	5.11%	1.99%		7.10%	1,374,662
Position of previous notification (if applicable)	5.00%	1.18%		6.18%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rights ix					% of voting rights
		Direct (DTR5.1)		Indirect (DTR5.2.1)			Direct (DTR5.1)		Indirect (DTR5.2.1)
JE00BF0XVB15				988,271					5.11%
SUBTOTAL 8. A		988,271					5.11%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument		Expiration date x	Exercise/ Conversion Period xi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
Securities Lending		N/A	N/A			189,690			0.98%
			SUBTOTAL 8. B 1			189,690			0.98%
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrument	Expiration date x		Exercise/ Conversion Period xi		Physical or cash Settlement xii			Number of voting rights	% of voting rights
CFD	N/A		N/A		Cash			196,701	1.01%
					SUBTOTAL 8.B.2			196,701	1.01%

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) issuer xiii
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 entity (please add additional rows as necessary) xiv				X
Name xv	% 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
BlackRock, Inc.
BlackRock Saturn Subco, LLC
BlackRock Finance, Inc.
Trident Merger, LLC
BlackRock Investment Management, LLC
BlackRock, Inc.
BlackRock Saturn Subco, LLC
BlackRock Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock Holdco 3, LLC
BlackRock Cayman 1 LP
BlackRock Cayman West Bay Finco Limited
BlackRock Cayman West Bay IV Limited
BlackRock Group Limited
BlackRock Investment Management (UK) Limited
BlackRock, Inc.
BlackRock Saturn Subco, LLC
BlackRock Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Holdco 4, LLC
BlackRock Holdco 6, LLC
BlackRock Delaware Holdings Inc.
BlackRock Institutional Trust Company, National Association
BlackRock, Inc.
BlackRock Saturn Subco, LLC
BlackRock Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Holdco 4, LLC
BlackRock Holdco 6, LLC
BlackRock Delaware Holdings Inc.
BlackRock Fund Advisors	3.460%	0.010%	3.470%
BlackRock, Inc.
BlackRock Saturn Subco, LLC
BlackRock Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock, Inc.
BlackRock Saturn Subco, LLC
BlackRock Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BlackRock Canada Holdings ULC
BlackRock Asset Management Canada Limited
BlackRock, Inc.
BlackRock Saturn Subco, LLC
BlackRock Finance, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Capital Holdings, Inc.
BlackRock Advisors, LLC
BlackRock, Inc.
BlackRock Saturn Subco, LLC
BlackRock Finance, Inc.
Trident Merger, LLC
BlackRock Investment Management, LLC
Amethyst Intermediate, LLC
Aperio Holdings, LLC
Aperio Group, LLC
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information xvi
BlackRock Regulatory Threshold Reporting Team Jana Blumenstein 020 7743 3650

Place of completion	12 Throgmorton Avenue, London, EC2N 2DL, U.K.
Date of completion	29 July 2026

SOURCE: Caledonia Mining Corporation Plc

View the original press release on ACCESS Newswire

FAQ

What change did BlackRock disclose in its shareholding of Caledonia Mining (CMCL) on July 28, 2026?

BlackRock disclosed that its total interest in Caledonia Mining rose to 7.10% of voting rights. According to Caledonia Mining, this reflects 5.11% from shares and 1.99% via financial instruments, up from a previously notified total position of 6.18%.

How many Caledonia Mining (CMCL) voting rights does BlackRock now hold after the July 2026 notification?

BlackRock now holds 1,374,662 voting rights in Caledonia Mining. According to Caledonia Mining, this comprises 988,271 voting rights attached to shares and additional voting rights linked to securities lending and CFD financial instruments reported in the TR-1 notification.

What is the breakdown of BlackRock's direct and indirect holdings in Caledonia Mining (CMCL)?

BlackRock’s holding in Caledonia Mining is 5.11% via shares and 1.99% via financial instruments. According to Caledonia Mining, instruments include 0.98% from securities lending and 1.01% from cash-settled CFDs, giving a combined total of 7.10% voting rights.

Why did BlackRock have to notify Caledonia Mining (CMCL) of its shareholding change in July 2026?

BlackRock notified Caledonia Mining because it crossed a relevant shareholding threshold under AIM Rules. According to Caledonia Mining, the threshold event occurred on July 28, 2026, triggering a TR-1 major holdings notification sent to the company and the UK regulator.

When did Caledonia Mining (CMCL) receive BlackRock's major holdings notification and what was the reference date?

Caledonia Mining received BlackRock’s notification on July 29, 2026, referencing a threshold crossing on July 28, 2026. According to Caledonia Mining, the TR-1 form confirms these dates for the change in BlackRock’s notifiable interest in the company’s voting rights.

What financial instruments does BlackRock use for its exposure to Caledonia Mining (CMCL)?

BlackRock uses securities lending and cash-settled CFDs for additional exposure to Caledonia Mining. According to Caledonia Mining, securities lending represents 0.98% (189,690 voting rights) and CFDs represent 1.01% (196,701 voting rights) of the company’s voting rights.