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

Rhea-AI Summary

Caledonia Mining (CMCL) received notice from BlackRock, Inc. that on 29/04/2026 BlackRock crossed a notification threshold. Resulting holdings were 4.79% voting rights in shares plus 1.18% via financial instruments, totaling 5.98% (1,156,399 voting rights).

Previous notified position was 6.44%. The notification was completed on 30 April 2026 from BlackRock's London reporting address.

News Market Reaction – CMCL

+3.80%

1 alert

+3.80% Session close to close

$458.63M Market Cap

0.0x Rel. Volume

In the May 5 session, CMCL gained 3.80%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details a notifiable change in BlackRock’s holding, with total voting rights in Ca...

Analysis

This announcement details a notifiable change in BlackRock’s holding, with total voting rights in Caledonia at 5.98%, down from a previously reported 6.44%. The position includes 4.79% via shares and 1.18% through instruments such as securities lending and CFDs. In the weeks around this filing, Caledonia reported Q1 production, regulatory filings and board changes, so monitoring future ownership disclosures and upcoming Q1 2026 results on May 11, 2026 may be important for context.

Key Figures

Total voting rights: 1,156,399 Total holding %: 5.98% Voting rights via shares: 4.79% +5 more

8 metrics

Total voting rights 1,156,399 BlackRock total voting rights in issuer (shares + instruments)

Total holding % 5.98% Resulting total percentage after threshold crossing

Voting rights via shares 4.79% Percentage of voting rights attached to shares (JE00BF0XVB15)

Voting rights via instruments 1.18% Percentage through financial instruments

Securities lending rights 147,434 Voting rights potentially acquired via securities lending

CFD voting rights 81,896 Voting rights exposure via CFD positions

Previous total holding 6.44% Total voting rights position before this notification

Threshold date 29/04/2026 Date on which the notifiable threshold was crossed

Historical Context

5 past events · Latest: Apr 30 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 30	Board leadership change	Neutral	+1.4%	Chairman stepping down post-AGM with succession plan outlined.
Apr 28	Earnings schedule	Neutral	-6.1%	Notice of Q1 2026 results release and investor presentation.
Apr 24	Annual report filing	Neutral	+2.7%	Form 20-F for 2025 filed and made available to investors.
Apr 20	Production update	Negative	-0.2%	Q1 2026 Blanket Mine gold output down versus Q1 2025.
Apr 17	Dividend timing	Positive	+2.8%	Confirmation of US$0.14 dividend with revised AIM payment date.

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

Pattern Detected

Recent announcements of operational, reporting and governance updates have generally seen price moves that align with the tone of the news.

Recent Company History

Over the last few weeks, Caledonia released several operational and corporate updates. A Q1 2026 production report on April 20 highlighted lower output but maintained full-year guidance. Regulatory filings on April 23–24 covered the 2025 Form 20-F and its availability. The company adjusted a dividend payment date for a US$0.14 quarterly payout, and announced a forthcoming Q1 results release on May 11, 2026. A change of chairman was also outlined. The current BlackRock holding change fits into this sequence of governance and disclosure events.

Key Terms

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

5 terms

financial instruments financial

"An acquisition or disposal of financial instruments | X"

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 financial

"An acquisition or disposal of voting rights | X"

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.

securities lending financial

"Securities Lending | N/A | N/A | 147,434 | 0.76%"

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 | 81,896 | 0.42%"

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.

proxy voting financial

"10. In case of proxy voting, please identify:"

Proxy voting is a process that allows investors to have their voting power on company decisions exercised by someone else if they cannot attend meetings in person. It ensures that their opinions are still represented, similar to authorizing someone else to vote on their behalf at an election. This helps investors influence company actions even when they cannot be physically present.

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 / May 5, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that it received notification on April 30, 2026 from BlackRock, Inc. that on April 29, 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) Gordon Poole 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:			29/04/2026
6. Date on which issuer notified (DD/MM/YYYY):			30/04/2026
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	4.79%	1.18%		5.98%	1,156,399
Position of previous notification (if applicable)	4.83%	1.61%		6.44%

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				927,069					4.79%
SUBTOTAL 8. A		927,069					4.79%
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			147,434			0.76%
			SUBTOTAL 8. B 1			147,434			0.76%
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			81,896	0.42%
					SUBTOTAL 8.B.2			81,896	0.42%

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.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock (Singapore) Holdco Pte. Ltd.
BlackRock HK Holdco Limited
BlackRock Lux Finco S.a.r.l.
BlackRock Japan Holdings GK
BlackRock Japan Co., Ltd.
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
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	30 April 2026

SOURCE: Caledonia Mining Corporation Plc

View the original press release on ACCESS Newswire

FAQ

What stake did BlackRock report in Caledonia Mining (CMCL) on 29 April 2026?

BlackRock reported a total stake of 5.98% in CMCL on 29 April 2026. According to the company, that total comprises 4.79% in direct voting shares and 1.18% via financial instruments, equal to 1,156,399 voting rights.

How many voting rights does BlackRock hold in CMCL after the April 29, 2026 notification?

BlackRock holds 1,156,399 voting rights in CMCL following the 29 April 2026 crossing. According to the company, this total combines direct share holdings and positions from securities lending and CFDs.

Did BlackRock increase or decrease its notified position in CMCL compared with the previous notification?

The notified position decreased from 6.44% previously to 5.98% on 29 April 2026. According to the company, the current breakdown shows a lower percentage in financial instruments versus the prior notice.

When did Caledonia Mining receive BlackRock's notification about CMCL holdings?

Caledonia Mining received BlackRock's notification on 30 April 2026. According to the company, BlackRock crossed the relevant threshold on 29 April 2026, and the notification form was completed in London.

What instruments make up BlackRock's 1.18% financial-instrument holding in CMCL?

BlackRock's 1.18% in financial instruments comprises securities lending (0.76%) and CFDs (0.42%). According to the company, these figures are reported separately from the 4.79% direct shareholding.