Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder
ST HELIER, Jersey, July 25, 2025 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or "the Company") (NYSE American: CMCL; AIM: CMCL; VFEX: CMCL) announces that it has received notification that Baker Steel Resources Trust Ltd has 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: 0 Tel: 3 |
| Cavendish Capital Markets Limited (Nomad and Joint Broker) Adrian Hadden George Lawson | Tel: 5 |
| Panmure Liberum Limited (Joint Broker) Scott Mathieson | Tel: 0 |
| Camarco, Financial PR (UK) Gordon Poole Elfie Kent | Tel: 0 |
| 3PPB (Financial PR, North America) Patrick Chidley Paul Durham | Tel: Tel: |
| Curate Public Relations (Zimbabwe) Debra Tatenda | Tel: |
| IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe) Lloyd Mlotshwa | Tel: +263 (242) 745 119/33/39 |
TR-1Standard form for notification of major holdings
| NOTIFICATION OF MAJOR HOLDINGS | ||||||||
| 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 | BAKER STEEL CAPITAL MANAGERS LLP (DISCRETIONARY CLIENTS OF AND ASSOCIATED OR CONNECTED/RELATED PARTIES) | |||||||
| City and country of registered office (if applicable) | London, United Kingdom. | |||||||
| 4. Full name of shareholder(s) (if different from 3.)v | ||||||||
| Name | Baker Steel Resources Trust Ltd | |||||||
| City and country of registered office (if applicable) | St Peter’s Port, Guernsey | |||||||
| 5. Date on which the threshold was crossed or reachedvi: | 06/09/2023 | |||||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 22/07/2025 | |||||||
| 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 | 2.97 | % | 2.97 | % | 570,000 | |||
| Position of previous notification (if applicable) | 4.4 | % | 4.4 | % | ||||
8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii | |||||||||||
| A: Voting rights attached to shares | |||||||||||
| Class/type of shares ISIN code (if possible) | Number of voting rightsix | % of voting rights | |||||||||
| Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | ||||||||
| JE00BF0XVB15 | 570,000 | 2.97 | % | ||||||||
| SUBTOTAL 8. A | 570,000 | 2.97 | % | ||||||||
| B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||||
| Type of financial instrument | Expiration datex | Exercise/ Conversion Periodxi | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||||
| SUBTOTAL 8. B 1 | |||||||||||
| B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||||
| Type of financial instrument | Expiration datex | Exercise/ Conversion Period xi | Physical or cash settlementxii | Number of voting rights | % of voting rights | ||||||
| SUBTOTAL 8.B.2 | |||||||||||
| 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) issuerxiii | X | |||
| 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 entityxiv (please add additional rows as necessary) | ||||
| Namexv | % 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 | |
| 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 informationxvi | ||||
| Place of completion | London |
| Date of completion | 23-July-2025 |
