Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder
ST HELIER, Jan. 16, 2023 - Caledonia Mining Corporation plc ("Caledonia" or the "Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces that it received notification on January 13, 2023 from Sales Promotion Services SA, a "significant shareholder" of the Company as defined by the AIM Rules for Companies, of a relevant change in its holding.
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, Sales Promotion Services SA has notified the Company that its percentage interest in the fully diluted share capital has decreased from 4.03% to 3.197%.
Enquiries:
| 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 |
| 3PPB 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 |