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


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ST HELIER, Jersey, Jan. 23, 2023 (GLOBE NEWSWIRE) — Caledonia Mining Corporation Plc (“Caledonia” or the “Company”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces that it received notification on January 19, 2023 from Van Eck Associates Corporation (“Van Eck”), a “significant shareholder” of the Company as defined by the AIM Rules for Companies.

Upon the recent completion of the transaction to acquire Bilboes Gold Limited (see announcement by the Company on January 6, 2023), the Company issued 4,425,797 new shares representing 25.64 per cent of Caledonia’s fully diluted share capital. The Company now has three new significant shareholders, as set out in the announcement, and, as a consequence, Van Eck’s percentage interest in the fully diluted share capital has decreased and the Company has been notified by Van Eck accordingly.

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A copy of the notification is below.


Caledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall

Tel: +44 1534 679 802
Tel: +44 7817 841793

Cenkos Securities plc (Nomad and Joint Broker)
Adrian Hadden
Neil McDonald
Pearl Kellie

Tel: +44 207 397 1965
Tel: +44 131 220 9771
Tel: +44 131 220 9775

Liberum Capital Limited (Joint Broker)
Scott Mathieson/Kane Collings

Tel: +44 20 3100 2000

BlytheRay Financial PR
Tim Blythe/Megan Ray

Tel: +44 207 138 3204

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)
Dzika Dhana
Lloyd Mlotshwa

Tel: +263 (242) 745 119/33/39

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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 attachedii: Caledonia Mining Corp 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 obligationiv
Name Van Eck Associates Corporation
City and country of registered office (if applicable) New York, NY USA
4. Full name of shareholder(s) (if different from 3.)v
Name VanEck Junior Gold Miners ETF
VanEck Junior Gold Miners UCITS ETF
City and country of registered office (if applicable)  
5. Date on which the threshold was crossed or reached (DD/MM/YYYY)vi: 18/01/2023
6. Date on which issuer notified (DD/MM/YYYY): 19/01/2023
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 of issuervii
Resulting situation on the date on which threshold was crossed or reached 3.08%   3.08% 17,258,923
Position of previous notification (if
529,779   4.128%  


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