Holding(s) in Company

RNS Number : 4615Q
Chaarat Gold Holdings Ltd
21 October 2019
 

21 October 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, has been informed that Labro Investments Limited, in which the Company's Chairman Martin Andersson is indirectly beneficially interested in the majority of shares, purchased 33,614 Chaarat shares on the market at an aggregate share price of 37.4 pence per share on 17 October 2019 and 86,838 Chaarat shares on the market at an aggregate share price of 37.6 pence per share on 18 October 2019.

Following this purchase Labro Investments Limited held 146,022,686 Shares, representing 33.08% of the issued share capital of the Company.

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)




SP Angel

+44 (0) 20 3470 0470

Ewan Leggat (Joint Broker)




Tavistock


Charles Vivian

+44 (0)20 7920 3150

Gareth Tredway

Barney Hayward

chaarat@tavistock.co.uk

 

 

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)

 

 

0.3745465

0.3740003

20,000

13,614

 

e)

Aggregated information

·    Aggregated volume

·    Aggregated price

·    Aggregated total

 

33,614

37.43253 pence

£ 12,582.57

f)

Date of the transaction

17 October 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)

 

 

0.3784340

0.3720001

0.3820000

0.3740000

0.3740001

10,000

14,919

15,000

20,000

26,919

 

e)

Aggregated information

·    Aggregated volume

·    Aggregated price

·    Aggregated total

 

86,838

37.55490 pence

£ 32,611.92

f)

Date of the transaction

18 October 2019

g)

Place of the transaction

XLON

 


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