Caledonia Mining Corporation Plc has announced that investment manager Allan Gray Bermuda Limited has reduced its clients’ aggregate shareholding in the company to below 3% of issued shares, in line with disclosure rules for significant shareholders.
The notice, dated October 17, 2025, confirmed that the threshold was crossed on October 13, with Caledonia notified the following day. AGBL, headquartered in Cape Town, South Africa, now holds 2.93% of the total issued shares, thereby ceasing to qualify as a significant shareholder under AIM Rule 17 of the London Stock Exchange.
The disclosure was made in compliance with regulations governing shareholding transparency across Caledonia’s listings on the NYSE American, AIM, and the Victoria Falls Stock Exchange.
Related Stories
Caledonia Mining Corporation Plc (ticker symbol CMCL) is a multi-listed mining company incorporated in Jersey, with listings on the NYSE American, AIM in London, and the Victoria Falls Stock Exchange in Zimbabwe. The company has issued 19,304,784 common shares, with no warrants or options outstanding and an unlimited authorized share capital.
Directors and management collectively hold 2,756,741 shares, representing approximately 14.29% of the company’s issued share capital. This concentration contributes to the 28% of shares not held in public hands, while the remainder is widely distributed among institutional and retail investors.
As of October 2025, major shareholders include:
- Toziyana Resources Limited – 2,435,915 shares (12.62%)
- Shining Capital Holdings II L.P. – 1,922,858 shares (9.97%)
- BlackRock – 961,026 shares (4.98%)
- Baker Steel Resources Trust Limited – 800,000 shares (4.15%)
- Charles Schwab (clients) – 620,808 shares (3.22%)
The recent reduction by Allan Gray Bermuda Limited, which previously held 5.75% through client accounts, underscores the company’s ongoing transparency and adherence to multi-jurisdictional disclosure requirements.
As a Jersey-incorporated entity, Caledonia operates under distinct reporting rules. Under AIM regulations, shareholders with 3% or more must disclose their holdings, while Canadian and U.S. rules require disclosure for shareholdings exceeding 10% and 5%, respectively.
Leave Comments