Caledonia Mining Corporation Plc: Notification of Relevant Change to Significant Shareholder

BlackRock has increased its disclosed holding in Caledonia Mining to 7.01% of total voting rights, triggering a major shareholding notification.

Rhea-AI Summary

Caledonia Mining (CMCL) reports that BlackRock, Inc. crossed a major shareholding notification threshold in the company on 21 September 2026.

BlackRock now holds a total of 7.01% of Caledonia’s voting rights, comprising 4.94% attached to shares and 2.07% through financial instruments, corresponding to 1,355,473 voting rights in total. Within the shareholding, 955,233 voting rights are attached to ordinary shares (ISIN JE00BF0XVB15). The financial instruments exposure consists of securities lending over 182,058 voting rights (0.94%) and cash-settled CFDs over 218,182 voting rights (1.12%).

The previous disclosed position was 6.98% of total voting rights. The notification was completed by BlackRock’s Regulatory Threshold Reporting Team in London on 22 September 2026.

Market Context

The Sep 22 BlackRock notice recorded a 6.98% total voting-rights position, compared with 7.01% in th...

Analysis

The Sep 22 BlackRock notice recorded a 6.98% total voting-rights position, compared with 7.01% in this update, providing a directly comparable baseline for the newly disclosed threshold change.

Key Figures

Resulting voting-rights position: 7.01% Total voting rights held: 1,355,473 voting rights Voting rights attached to shares: 4.94% +4 more

Resulting voting-rights position

7.01%

At the threshold crossing

Total voting rights held

1,355,473 voting rights

Resulting position

Voting rights attached to shares

4.94%

Resulting position

Voting rights through financial instruments

2.07%

Resulting position

Securities lending

182,058 voting rights (0.94%)

Financial instruments

CFD

218,182 voting rights (1.12%)

Financial instruments

Previous notified position

6.98%

Previous notification

Historical Context

1 past event · Latest: Sep 22

1 event

1. Sep 22

   shareholding notification

   24h Move

   +3.3%

   BlackRock's prior notification reported a total voting-rights position of 6.98%.

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

Key Terms

securities lending, cfd

2 terms

securities lending financial

"Securities Lending | N/A | N/A | 182,058 | 0.94%"

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

cfd financial

"CFD | N/A | N/A | Cash | 218,182 | 1.12%"

A CFD (contract for difference) is a financial agreement that lets an investor profit from the change in an asset’s price without actually owning that asset — like betting on a car’s value rising or falling without buying the car. It matters because CFDs use leverage, which can amplify gains and losses and allow easy access to different markets, so they change an investor’s potential return and risk profile and can lead to rapid losses if prices move unfavorably.

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

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SAINT HELIER, JE / ACCESS Newswire / September 23, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that it received notification on September 22, 2026 from BlackRock, Inc. that on September 21, 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 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 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:			21/09/2026
6. Date on which issuer notified (DD/MM/YYYY):			22/09/2026
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	4.94%	2.07%		7.01%	1,355,473
Position of previous notification (if applicable)	4.90%	2.08%		6.98%

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				955,233					4.94%
SUBTOTAL 8. A		955,233					4.94%
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			182,058			0.94%
			SUBTOTAL 8. B 1			182,058			0.94%
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			218,182	1.12%
					SUBTOTAL 8.B.2			218,182	1.12%

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	3.320%	0.010%	3.330%
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	22 September 2026

SOURCE: Caledonia Mining Corporation Plc

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How is BlackRock’s 7.01% total interest in Caledonia Mining structured between shares and derivatives?

BlackRock’s total interest of 7.01% comprises 4.94% (955,233 voting rights) via ordinary shares and 2.07% via financial instruments. The financial instruments element includes 0.94% (182,058 voting rights) from securities lending positions and 1.12% (218,182 voting rights) from cash-settled CFDs.

What was BlackRock’s previously notified percentage holding in Caledonia Mining?

The previous notification showed BlackRock holding 6.98% of total voting rights, made up of 4.90% attached to shares and 2.08% through financial instruments.

When did BlackRock cross the relevant threshold and when was Caledonia notified?

The threshold was crossed or reached on 21 September 2026, and Caledonia was notified on 22 September 2026. The TR-1 notification was completed in London on the same date.