Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder
25-Jul-2025 02:00:01 EDT
Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder
GlobeNewswire July 25, 2025
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: +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
Panmure Liberum Limited (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
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
