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

(Moderate)

(Neutral)

Rhea-AI Summary

Caledonia Mining (NYSE American:CMCL) reported a relevant change in a significant shareholder’s position. BlackRock notified Caledonia that on July 6, 2026 it crossed a disclosure threshold, now holding 6.14% of voting rights in total, including 5.20% via shares and 0.94% via financial instruments, representing 1,188,812 voting rights.

Market reaction after significant shareholder threshold update: CMCL -3.33% in the Jul 8 session

-3.33%

1 alert

-3.33% Session close to close

$365.21M Market Cap

0.5x Rel. Volume

In the Jul 8 session, CMCL declined 3.33%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

BlackRock’s latest filing shows its total exposure rising to 6.14% of Caledonia’s voting rights, spl...

Analysis

BlackRock’s latest filing shows its total exposure rising to 6.14% of Caledonia’s voting rights, split between shares and instruments. Investors may compare this to earlier threshold notices and ongoing net insider buying when assessing longer-term ownership dynamics.

Key Figures

Total voting rights %: 6.14% Voting rights via shares: 5.20% Voting rights via instruments: 0.94% +5 more

8 metrics

Total voting rights % 6.14% BlackRock position after July 6, 2026 threshold crossing

Voting rights via shares 5.20% Resulting situation on threshold crossing date

Voting rights via instruments 0.94% Resulting situation on threshold crossing date

Total voting rights count 1,188,812 voting rights BlackRock total voting rights in issuer

Previous total voting rights % 6.12% Position of previous notification

Shares voting rights count 1,006,040 voting rights Voting rights attached to shares (JE00BF0XVB15)

Securities lending exposure 115,815 voting rights (0.59%) Financial instruments under DTR5.3.1R B1

CFD exposure 66,957 voting rights (0.34%) Cash‑settled CFDs under DTR5.3.1R B2

Historical Context

5 past events · Latest: Jul 01 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 01	Shareholder threshold notice	Neutral	+0.8%	BlackRock reported a prior threshold change, lifting its total voting rights exposure in Caledonia.
Jun 15	ESG report	Positive	+4.0%	Publication of the 2025 ESG report outlining risk management integration and community ownership.
Jun 12	Insider share purchase	Positive	+3.8%	Executive-linked entity Toziyana Resources increased its stake via open-market share purchases.
Jun 12	ATM facility update	Neutral	+3.8%	Update that no securities were issued under the existing ATM sales agreement period.
Jun 10	Exploration results	Positive	-1.3%	Motapa drilling results confirmed multi‑kilometre gold mineralisation with several high‑grade intercepts.

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

Pattern Detected

Recent single-issue disclosures, including shareholder and governance updates, have generally produced modestly positive next-day moves with one negative reaction on exploration results.

Key Terms

securities lending, cfd, financial instruments, voting rights, +1 more

5 terms

securities lending financial

"Securities Lending | N/A | N/A | 115,815 | 0.59%"

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 | 66,957 | 0.34%"

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.

financial instruments financial

"% of voting rights through financial instruments (total of 8."

Financial instruments are assets or contracts that hold monetary value and can be bought, sold, or traded. They serve as tools for investors to grow, protect, or transfer money, much like how a ticket or voucher can be used to access goods or services. These instruments help individuals and organizations manage financial goals and risks across different markets and economic conditions.

voting rights regulatory

"Total number of voting rights held in issuer (8."

Voting rights are the ability of shareholders to have a say in important company decisions, like choosing leaders or approving big changes. They matter because they give owners a voice in how the company is run, similar to how voters influence elections, ensuring the company acts in shareholders’ interests.

non-uk issuer regulatory

"Please indicate if the issuer is a non-UK issuer (please mark with an "X")"

A non-UK issuer is a company or other entity that issues securities but is based, incorporated, or primarily regulated outside the United Kingdom. For investors, this matters because such issuers often follow different reporting rules, legal protections and market practices than UK-based issuers, so buying their securities can be like shopping in a different country: you may face different information, oversight, tax treatment and claim rights if things go wrong.

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

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07/08/2026 - 02:00 AM

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

SAINT HELIER, JE / ACCESS Newswire / July 8, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that it received notification on July 7, 2026 from BlackRock, Inc. that on July 6, 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.

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
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:			06/07/2026
6. Date on which issuer notified (DD/MM/YYYY):			07/07/2026
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	5.20%	0.94%		6.14%	1,188,812
Position of previous notification (if applicable)	4.83%	1.28%		6.12%

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				1,006,040					5.20%


SUBTOTAL 8. A		1,006,040					5.20%

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			115,815			0.59%


			SUBTOTAL 8. B 1			115,815			0.59%

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			66,957	0.34%


					SUBTOTAL 8.B.2			66,957	0.34%

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 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	3.420%	0.010%	3.430%

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	07 July 2026

SOURCE: Caledonia Mining Corporation Plc

View the original press release on ACCESS Newswire

FAQ

What change did BlackRock report in its shareholding of Caledonia Mining (CMCL) on July 6, 2026?

BlackRock reported crossing a disclosure threshold in Caledonia Mining on July 6, 2026. According to Caledonia, BlackRock now holds 6.14% of total voting rights, combining 5.20% from shares and 0.94% through financial instruments.

How many Caledonia Mining (CMCL) voting rights does BlackRock currently control?

BlackRock controls 1,188,812 voting rights in Caledonia Mining. According to Caledonia, this includes 1,006,040 voting rights attached to shares and additional rights from securities lending and CFDs, giving BlackRock a total voting power of 6.14%.

What is BlackRock’s percentage ownership in Caledonia Mining (CMCL) shares and derivatives after the July 2026 threshold change?

BlackRock holds 5.20% of Caledonia Mining’s voting rights via shares and 0.94% via financial instruments. According to Caledonia, these include securities lending representing 0.59% and CFDs representing 0.34% of voting rights, totaling 6.14%.

When did Caledonia Mining (CMCL) receive BlackRock’s major holdings notification in July 2026?

Caledonia Mining received BlackRock’s major holdings notification on July 7, 2026. According to Caledonia, the relevant threshold was crossed on July 6, 2026, triggering disclosure under AIM Rules and UK FCA major shareholding regulations.

How did BlackRock’s total voting rights in Caledonia Mining (CMCL) change compared with its previous notification?

BlackRock’s total voting rights in Caledonia Mining increased slightly to 6.14% from 6.12%. According to Caledonia, voting rights attached to shares rose from 4.83% to 5.20%, while rights via financial instruments declined from 1.28% to 0.94%.

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

BlackRock uses securities lending and CFDs to gain additional exposure to Caledonia Mining. According to Caledonia, securities lending represent 115,815 voting rights (0.59%) and CFDs represent 66,957 voting rights (0.34%), together adding 0.94% to BlackRock’s voting rights.