Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder
Caledonia Mining Corporation Plc (NYSE American: CMCL) has received a notification of a significant change in shareholding from Baker Steel Resources Trust Ltd. The notification indicates that Baker Steel's voting rights in Caledonia have decreased to 2.97% (570,000 shares) from their previous position of 4.4%.
The threshold crossing occurred on June 9, 2023, though the issuer was notified on July 22, 2025. This represents a significant reduction in Baker Steel's position in Caledonia Mining, crossing below the 3% threshold that typically triggers disclosure requirements.
Caledonia Mining Corporation Plc (NYSE American: CMCL) ha ricevuto una notifica di variazione significativa nella partecipazione azionaria da parte di Baker Steel Resources Trust Ltd. La notifica indica che i diritti di voto di Baker Steel in Caledonia sono scesi al 2,97% (570.000 azioni) rispetto alla precedente posizione del 4,4%.
Il superamento della soglia 猫 avvenuto il 9 giugno 2023, anche se l'emittente 猫 stato informato solo il 22 luglio 2025. Ci貌 rappresenta una riduzione significativa della posizione di Baker Steel in Caledonia Mining, scendendo al di sotto della soglia del 3% che solitamente richiede obblighi di comunicazione.
Caledonia Mining Corporation Plc (NYSE American: CMCL) ha recibido una notificaci贸n de un cambio significativo en la participaci贸n accionaria por parte de Baker Steel Resources Trust Ltd. La notificaci贸n indica que los derechos de voto de Baker Steel en Caledonia han disminuido al 2,97% (570,000 acciones) desde su posici贸n anterior del 4,4%.
El cruce del umbral ocurri贸 el 9 de junio de 2023, aunque el emisor fue notificado el 22 de julio de 2025. Esto representa una reducci贸n significativa en la posici贸n de Baker Steel en Caledonia Mining, cruzando por debajo del umbral del 3% que t铆picamente desencadena requisitos de divulgaci贸n.
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鞛勱硠臧� 齑堦臣電� 2023雲� 6鞗� 9鞚检棎 氚滌儩頄堨溂雮� 氚滍枆靷姅 2025雲� 7鞗� 22鞚检棎 韱奠毳� 氚涭晿鞀惦媹雼�. 鞚措姅 鞚茧皹鞝侅溂搿� 瓿店皽 鞚橂毳� 鞙犽皽頃橂姅 3% 鞛勱硠臧� 鞎勲灅搿� 霒柎歆� Baker Steel鞚� Caledonia Mining 雮� 鞛呾鞚� 靸侂嫻頃� 臧愳唽毳� 鞚橂頃╇媹雼�.
Caledonia Mining Corporation Plc (NYSE American : CMCL) a re莽u une notification de changement significatif dans la d茅tention d'actions de la part de Baker Steel Resources Trust Ltd. La notification indique que les droits de vote de Baker Steel dans Caledonia ont diminu茅 脿 2,97 % (570 000 actions) contre une position pr茅c茅dente de 4,4 %.
Le franchissement du seuil a eu lieu le 9 juin 2023, bien que l'茅metteur ait 茅t茅 inform茅 seulement le 22 juillet 2025. Cela repr茅sente une r茅duction significative de la position de Baker Steel dans Caledonia Mining, passant en dessous du seuil de 3 % qui d茅clenche g茅n茅ralement des obligations de divulgation.
Caledonia Mining Corporation Plc (NYSE American: CMCL) hat eine Mitteilung 眉ber eine wesentliche 脛nderung der Aktienbeteiligung von Baker Steel Resources Trust Ltd. erhalten. Die Mitteilung zeigt, dass die Stimmrechte von Baker Steel an Caledonia von zuvor 4,4% auf 2,97% (570.000 Aktien) gesunken sind.
Die 脺berschreitung der Schwelle ereignete sich am 9. Juni 2023, obwohl der Emittent erst am 22. Juli 2025 benachrichtigt wurde. Dies stellt eine erhebliche Verringerung der Position von Baker Steel bei Caledonia Mining dar, da die 3%-Schwelle unterschritten wurde, die 眉blicherweise Offenlegungspflichten ausl枚st.
- None.
- None.
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 | 听 Tel: +44 1534 679 800 Tel: +44 7817 841 793 |
| Cavendish Capital Markets Limited (Nomad and Joint Broker) Adrian Hadden George Lawson | 听 Tel: +44 207 397 1965 |
| Panmure Liberum Limited (Joint Broker) Scott Mathieson | Tel: +44 20 3100 2000 |
| Camarco, Financial PR (UK) Gordon Poole Elfie Kent | 听 Tel: +44 20 3757 4980 |
| 3PPB (Financial PR, North America) Patrick Chidley Paul Durham | 听 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听Mlotshwa | Tel: +263 (242) 745 119/33/39 |
TR-1Standard form for notification of major holdings
| NOTIFICATION OF MAJOR HOLDINGS | ||||||||
| 听 | ||||||||
| 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 鈥淴鈥� if appropriate) | ||||||||
| Non-UK issuer | X | |||||||
| 2. Reason for the notification (please mark the appropriate box or boxes with an 鈥淴鈥�) | ||||||||
| An acquisition or disposal of voting rights | X | |||||||
| An acquisition or disposal of financial instruments | 听 | |||||||
| An event changing the breakdown of voting rights | 听 | |||||||
| Other (please specify)iii: | 听 | |||||||
| 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鈥檚 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 | ||||||||
| 听 | % 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 | % | 听 | 2.97 | % | 570,000 | ||
| Position of previous notification (if applicable) | 4.4 | % | 听 | 4.4 | % | 听 | ||
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 | 听 | 2.97 | % | 听 | ||||||
| 听 | 听 | 听 | 听 | 听 | |||||||
| 听 | 听 | 听 | 听 | 听 | |||||||
| SUBTOTAL 8. A | 570,000 | 2.97 | % | ||||||||
| 听 | |||||||||||
| 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 | |||||||
| 听 | 听 | 听 | 听 | 听 | |||||||
| 听 | 听 | 听 | 听 | 听 | |||||||
| 听 | 听 | 听 | 听 | 听 | |||||||
| 听 | 听 | SUBTOTAL 8. B 1 | 听 | 听 | |||||||
| 听 | |||||||||||
| 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 | ||||||
| 听 | 听 | 听 | 听 | 听 | 听 | ||||||
| 听 | 听 | 听 | 听 | 听 | 听 | ||||||
| 听 | 听 | 听 | 听 | 听 | 听 | ||||||
| 听 | 听 | 听 | SUBTOTAL 8.B.2 | 听 | 听 | ||||||
| 听 | |||||||||||
| 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an 鈥淴鈥�) | ||||
| 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) | 听 | |||
| 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 | |
| 听 | 听 | 听 | 听 | |
| 听 | 听 | 听 | 听 | |
| 听 | 听 | 听 | 听 | |
| 听 | 听 | 听 | 听 | |
| 听 | 听 | 听 | 听 | |
| 听 | ||||
| 10. In case of proxy voting, please identify: | ||||
| Name of the proxy holder | 听 | |||
| The number and % of voting rights held | 听 | |||
| The date until which the voting rights will be held | 听 | |||
| 听 | ||||
| 11. Additional informationxvi | ||||
| 听 | ||||
| Place of completion | London |
| Date of completion | 23-July-2025 |
FAQ
What is Baker Steel's new ownership percentage in Caledonia Mining (CMCL)?
How much did Baker Steel Resources Trust reduce their position in CMCL?
When did Baker Steel cross the shareholding threshold in Caledonia Mining (CMCL)?
Does Baker Steel hold any other financial instruments in Caledonia Mining (CMCL)?
