Director/PDMR Shareholding

RNS Number : 6959B

Chaarat Gold Holdings Ltd

11 June 2021

 

11 June 2021

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Director/PDMR Shareholding

Chaarat (AIM:CGH), the AIM-quoted gold mining Company with an operating mine in Armenia and assets at various stages of development in the Kyrgyz Republic, has been informed that Robert Benbow, Non-Executive Director of the Company, sold in the market 183,000 ordinary shares of US$0.01 each in the capital of the Company ("Ordinary Shares") at an aggregate share price of approximately 26.35 pence per Ordinary Share on 8 June 2021.  This sale was made in order to satisfy a tax liability arising on the vesting of restricted stock units under the Chaarat Gold Holdings Limited Management Incentive Plan.

Following this sale, Mr Benbow now holds 1,379,844 Ordinary Shares, representing 0.20% of the Company's issued share capital. 

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Enquiries
Chaarat Gold Holdings Limited	[phone]
Artem Volynets (CEO)	[e-mail]
Canaccord Genuity Limited (NOMAD and Joint Broker)	+ 44 (0)20 7523 8000
Henry Fitzgerald-O'Connor
James Asensio
finnCap Limited (Joint Broker)	[phone]
Christopher Raggett
Panmure Gordon (UK) Limited (Joint Broker)	[phone]
John Prior Hugh Rich

About Chaarat

Chaarat is a gold mining company which owns the Kapan operating mine in Armenia as well as Tulkubash and Kyzyltash Gold Projects in the Kyrgyz Republic. The Company has a clear strategy to build a leading emerging markets gold company with an initial focus on Central Asia and the FSU through organic growth and selective M&A.

Chaarat is engaged in active community engagement programmes 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 by building relationships based on trust and operating to the best environmental, social and employment standards. Further information is available at www.chaarat.com/ .

Appendix - PDMR form

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	R obert Duane Benbow
2.	Reason for the notification
a)	Position / status	Director
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	Sale of ordinary shares in the market
c)	Currency	GBP
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			26.35 pence	183,000
e)	Aggregated information · Aggregated volume · Aggregated price · Aggregated total	183,000 26.35 pence £48,220.50
f)	Date of the transaction	8 June 2021
g)	Place of the transaction	XLON

 

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