Grant of Share Options - REPLACEMENT

Chaarat Gold Holdings Ltd

12 October 2023

 

THE FOLLOWING RNS ANNOUNCEMENT REPLACES RNS ANNOUNCEMENT NO 9644P RELEASED AT 12:41 TODAY

12 October 2023

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Grant of Share Options

Chaarat Gold (AIM: CGH), the AIM-quoted exploration and development company with assets at various stages of development in the Kyrgyz Republic, announces that David Mackenzie, the Company's Chief Financial Officer, has been granted options ("Share Options") over the following ordinary shares of US$0.01 each in the Company ("Ordinary Shares") under The Chaarat Gold Holdings Limited Management Incentive Plan 2019:

	Tranche 1	Tranche 2	Tranche 3
Date of Grant	12 October 2023	12 October 2023	12 October 2023
№ of Ordinary Shares comprised in option award	2,500,000	2,500,000	1,500,000
Exercise Price per Ordinary Share	5 pence	5 pence	20 pence
Vesting Date	12 October 2024	12 October 2025	12 October 2025
Exercise Period	12 October 2024 to 12 October 2028	12 October 2025 to 12 October 2028	12 October 2025 to 12 October 2028

The Company's issued share capital is 693,668,088 ordinary shares of US$0.01 each and has 35,802,774 options outstanding following the issue of the Share Options. The total number of voting rights is therefore 693,668,088 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.

Enquiries
Chaarat Gold Holdings Limited	[phone]
Martin Andersson (Executive Chair)	[e-mail]
Canaccord Genuity Limited (NOMAD and Joint Broker)	[phone]
Henry Fitzgerald-O'Connor
James Asensio
Cavendish Capital Markets Limited (Joint Broker)	[phone]
Neil McDonald
Panmure Gordon (UK) Limited (Joint Broker)	[phone]
John Prior Hugh Rich

About Chaarat

Chaarat is an exploration and development company which owns the Tulkubash and Kyzyltash gold projects in the Kyrgyz Republic. The Company has a clear strategy to build a leading emerging markets gold company through organic growth and selective M&A.

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 1 - PDMR form

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Alan Mackenzie
2	Reason for the notification
a)	Position / status	PDMR
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	Grant of an option award under the 2019 Management Incentive Plan
c)	Currency	GBP
d)	Price(s) and volume(s)		Exercise Price(s)	Volume(s)
			5p per share 20p per share	5,000,000 1,500,000
e)	Aggregated information ·    Aggregated volume ·    Aggregated price ·    Aggregated total	6,500,000 8.46 pence £550,000
f)	Date of the transaction	12 October 2023
g)	Place of the transaction	XLON

 

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