Holding in Company

RNS Number : 8145Z
Chaarat Gold Holdings Ltd
22 May 2019
 

22 May 2019

 

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Holding in Company

                                                                                                                             

Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, was informed that on 21 May 2019 Labro Investments Limited held 138,337,302 Shares, representing 34.40% of the issued share capital of the Company following the purchase of 316,186 Shares at an aggregate share price of 30.8 pence per share on 17 May 2019 and 1,000,000 Shares at an aggregate share price of 29.8 pence per share on 20 May 2019. Martin Andersson (the Executive Chairman of Chaarat) is indirectly beneficially interested in the majority of shares in Labro Investments Limited.

 

Enquiries

Chaarat Gold Holdings Limited

Artem Volynets (CEO)

 

+44 (0)20 7499 2612


info@chaarat.com

Numis Securities Limited


John Prior, Paul Gillam (NOMAD)

+44 (0) 20 7260 1000

James Black (Corporate Broking)

 

 

Powerscourt


Conal Walsh

+44 (0)20 7250 1446

Sam Austrums

chaarat@powerscourt-group.com

 

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.

 

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)

 

 

0.3072054

0.3086017

150,000

166,186

 

e)

Aggregated information

·    Aggregated volume

·    Aggregated price

·    Aggregated total

 

316,186

30.79393 pence

£ 97,366.09

f)

Date of the transaction

17 May 2019

g)

Place of the transaction

XLON

 

 

5            

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Labro Investments Limited

6            

Reason for the notification

a)

Position / status

Person/Entity closely associated with the Chairman

b)

Initial notification / amendment

Initial notification

7            

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

8            

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)

 

 

0.3120000

0.3000000

0.3000000

0.2980000

0.2968475

0.2954628

0.2956204

0.2960000

0.2956622

0.2951302

100,000

100,000

100,000

100,000

100,000

100,000

100,000

100,000

100,000

100,000

 

e)

Aggregated information

·    Aggregated volume

·    Aggregated price

·    Aggregated total

 

1,000,000

29.84723 pence

£ 298,472.31

f)

Date of the transaction

20 May 2019

g)

Place of the transaction

XLON

 

 


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