Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder
Caledonia Mining Corporation Plc (NYSE American: CMCL; AIM: CMCL) reported on October 15, 2020, a decline in the shareholding of Sales Promotion Services S.A. from 848,773 shares (7.89%) to 663,773 shares (5.48%), as of October 13, 2020.
Sentiment and the balance of points
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Rhea-AI Summary
Caledonia Mining Corporation Plc (NYSE American: CMCL; AIM: CMCL) reported on October 15, 2020, a decline in the shareholding of Sales Promotion Services S.A. from 848,773 shares (7.89%) to 663,773 shares (5.48%), as of October 13, 2020. This change reflects a significant shareholder's reduced interest, according to AIM Rules. The beneficial owner of Sales Promotion Services S.A. is Heinrich Auwärter, as previously disclosed on November 13, 2017. No further details on this reduction have been provided by the company.
Positive
- None.
Negative
- Reduction in significant shareholder's interest from 7.89% to 5.48%, indicating potential loss of investor confidence.
Details
News Market Reaction – CMCL
The recorded move for CMCL in the trading session of this news was -5.06%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ST HELIER, Jersey, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE American: CMCL; AIM: CMCL) (“Caledonia” or the “Company”) announces that it received notification on October 13, 2020 that the interest of Sales Promotion Services S.A., being a significant shareholder as defined by the AIM Rules, in shares of the Company has reduced to 663,773 shares representing
The holder notified Caledonia on June 26, 2019 that it held an interest in 848,773 shares which, as at that date, represented
Caledonia announced on November 13, 2017 that it had been informed that the beneficial owner of Sales Promotion Services S.A. is Heinrich Auwärter.
For further information please contact:
| Caledonia Mining Corporation Plc | |
| Mark Learmonth Camilla Horsfall | Tel: +44 1534 679 802 Tel: +44 7817 841793 |
| WH Ireland | |
| Adrian Hadden/James Sinclair-Ford | Tel: +44 20 7220 1751 |
| Blytheweigh | |
| Tim Blythe/Megan Ray | Tel: +44 207 138 3204 |
| 3PPB | |
| Patrick Chidley Paul Durham | Tel: +1 917 991 7701 Tel: +1 203 940 2538 |
FAQ
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