EX-99.1 2 exh_991.htm EXHIBIT 99.1

Exhibit 99.1

Caledonia Mining Corporation Plc

Notification of relevant change to significant shareholder

(NYSE AMERICAN: CMCL; AIM: CMCL; VEFX: CMCL)

December 17, 2021: Caledonia Mining Corporation Plc ("Caledonia" or the "Company") announces that it received notification on December 15, 2021 from Van Eck Associates Corporation, which is a "significant shareholder" of the Company as defined by the AIM Rules for Companies, that it has increased its interest in the Company and on December 13, 2021 crossed a particular threshold for notification of its holdings in the Company. A copy of the notification is below.

Caledonia Mining Corporation Plc

Mark Learmonth

Camilla Horsfall

Tel: +44 1534 679 802

Tel: +44 7817 841793

WH Ireland

Adrian Hadden/ Andrew De Andrade

Tel: +44 20 7220 1751

Blytheweigh 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

Note: The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014 (“MAR”) as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

Head and Registered Office: Caledonia Mining Corporation Plc

Unit B006, Millais House, Castle Quay, St Helier, Jersey, Channel Islands, JE2 3EF

info@caledoniamining.com | | www.caledoniamining.com

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 obligation^iv
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 Vectors Junior Gold Miners UCITS ETF
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached^vi:			13 December 2021
6. Date on which issuer notified (DD/MM/YYYY):			15 December 2021
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 issuer^vii
Resulting situation on the date on which threshold was crossed or reached	4.2361%			4.2361%	540,381
Position of previous notification (if applicable)	462,374			3.8153%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached^viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)	Number of voting rights^ix				% 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	540,381				4.2361%


SUBTOTAL 8. A	540,381				4.2361%

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 date^x	Exercise/ Conversion Period^xi		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 date^x	Exercise/ Conversion Period ^xi	Physical or cash settlement^xii	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) issuer^xiii

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 entity^xiv(please add additional rows as necessary)

Name^xv

% 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

VanEck Junior Gold Miners ETF

3.8245%

VanEck Vectors Junior Gold Miners UCITS ETF

0.4116%

10. In case of proxy voting, please identify:
Name of the proxy holder	Glass Lewis
The number and % of voting rights held	540,381 shares and 4.2361% voting right
The date until which the voting rights will be held	Open

11. Additional information^xvi

Place of completion	Tampa, FL
Date of completion	15 December 2021