Director/PDMR Shareholding

RNS Number : 0947L

Chaarat Gold Holdings Ltd

14 July 2017

 

Chaarat Gold Holdings Limited
 

("Chaarat" or the "Company")

Director/PDMR shareholding

Road Town, Tortola, British Virgin Islands (14^th July 2017)

Chaarat (AIM - CGH), the AIM quoted exploration and development company with assets in the Kyrgyz Republic, was informed on 13^th July that Labro Investments Limited ("Labro") holds 121,798,037 ordinary shares of US$ 0.01 each, representing 34.62% of the issued share capital of the Company, following purchases on 12^th July of 50,000 ordinary shares at a price of 16.475 pence per share, 50,000 ordinary shares at a price of 16.50 pence per share, 50,000 ordinary shares at a price of 16.70 pence per share and 50,000 ordinary shares at a price of 17.1833 pence per share.

Martin Andersson (the Chairman of Chaarat) is indirectly beneficially interested in the majority of the shares in Labro.

In accordance with the announcement dated 11 July 2017, a further 433,622 ordinary shares of US$0.01 each may be acquired by the concert party within a period of three months from 12 July 2017 without triggering a requirement to make a mandatory offer under the Articles of Association of the Company.            

Enquiries:

Chaarat Gold Holdings Limited	+ 44 (0) 20 7499 2612
c/o Central Asia Services Limited	[e-mail]
Robert Benbow CEO                   Linda Naylor FD
Numis Securities Limited	[phone]
John Prior, Paul Gillam (NOMAD) James Black (Broker)

About Chaarat Gold

Chaarat Gold is an exploration and development company operating in the Kyrgyz Republic with a large, high grade resource - the Chaarat Gold Project. The Company's key objective is to become a low cost gold producer generating significant production from the development of the Chaarat Gold Project. Chaarat is engaged in an active community engagement programme to optimise the value of the Chaarat investment proposition. 

Chaarat aims to create value for its shareholders, employees and communities from its high quality gold and mineral deposits in the Kyrgyz Republic by building relationships based on trust and operating to the best environmental, social and employment standards.

Further information is available at www.chaarat.com

 

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Labro Investments Limited
2.	Reason for the notification
a)	Position / status	Person/Entity closely associated with the Chairman
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Chaarat Gold Holdings Limited
b)	Legal entity identifier	213800T2A5CV84VTFJ70
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description     of     the    financial instrument,  type of instrument	Ordinary shares of US$0.01 each
	Identification code	VGG203461055
b)	Nature of the transaction	Acquisition of ordinary shares in the market
c)	Currency	GBP
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			16.475 16.50 16.70 17.1833	50,000 50,000 50,000 50,000
e)	Aggregated information ·   Aggregated volume ·   Aggregated price ·   Aggregated total	200,000 16.714575 pence £ 33,429.15
f)	Date of the transaction	12 July 2017
g)	Place of the transaction	XLON

 

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