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

Caledonia Mining Corporation Plc (AIM:CMCL) has been notified that Allan Gray Bermuda Limited, acting as investment manager, reduced its clients' aggregate holding to below the 3% disclosure threshold.

Rhea-AI Summary

Caledonia Mining Corporation Plc (AIM:CMCL) has been notified that Allan Gray Bermuda Limited, acting as investment manager, reduced its clients' aggregate holding to below the 3% disclosure threshold.

Key facts: threshold crossed on 13 October 2025, issuer notified on 14 October 2025, and the percentage of direct voting rights reported at 2.9303%. Registered office for the significant shareholder: Cape Town, South Africa.

Argus Oct 17 session

-8.53% close to close 1.1x rel. volume Open Argus

Details

News Market Reaction – CMCL

On Oct 17, the day this news came out, CMCL closed 8.53% below the previous close.

Data tracked by StockTitan Argus for the Oct 17 session.

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

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ST HELIER, Jersey, Oct. 17, 2025 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that it has been advised by Allan Gray Bermuda Limited (“AGBL”), in its capacity as an investment manager, that its clients’ aggregate shareholding now constitutes a total interest of below 3% of the total issued shares in the Company.

Further information was provided on behalf of AGBL as follows:

Issuer name – CALEDONIA MINING CORPORATION PLC

ISIN – JE00BF0XVB15

Significant shareholder – Allan Gray Bermuda Limited

City of registered office – Cape Town

Country of registered office – South Africa

Date on which threshold was crossed – 13 October 2025

Date on which Issuer notified – 14 October 2025

% of direct voting rights – 2.9303%

Date of completion – 14 October 2025

Place of completion – Cape Town

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 Joint Broker) Adrian Hadden George Lawson	Tel: +44 207 397 1965 Tel: +44 131 220 9775
Panmure Liberum (Joint Broker) Scott Mathieson	Tel: +44 20 3100 2000
Camarco, Financial PR (UK) Gordon Poole Elfie Kent	Tel: +44 20 3757 4980
3PPB (Financial PR, North America) Patrick Chidley Paul Durham	Tel: +1 917 991 7701 Tel: +1 203 940 2538
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

FAQ

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

What change did Allan Gray Bermuda report for Caledonia Mining (CMCL) on 13 October 2025?

They reported their clients' aggregate holding fell below 3%, with direct voting rights at 2.9303%.

When did Caledonia Mining (CMCL) receive notification of the Allan Gray Bermuda shareholding change?

The company was notified on 14 October 2025 that the threshold had been crossed on 13 October 2025.

What is the disclosed percentage of direct voting rights held by Allan Gray Bermuda in CMCL?

The disclosed percentage of direct voting rights is 2.9303%.

Does the Allan Gray Bermuda change trigger a takeover or mandatory offer for Caledonia Mining (CMCL)?

No mandatory offer or takeover is indicated by this disclosure; it reports a holding below the 3% threshold.

Where is Allan Gray Bermuda's registered office listed in the CMCL notification?

The registered office for the significant shareholder is listed as Cape Town, South Africa.

Who can investors contact for further information about Caledonia Mining (CMCL) disclosures?

Investor enquiries contact details are provided in the announcement, including company and broker phone numbers.