Holding(s) in Company

RNS Number : 3607R
Chaarat Gold Holdings Ltd
29 October 2019
 

TR-1: Standard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i


1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Chaarat Gold Holdings Limited

1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)

Non-UK issuer

X

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments

X

An event changing the breakdown of voting rights


Other (please specify)iii:  


3. Details of person subject to the notification obligationiv

Name

Martin Andersson

City and country of registered office (if applicable)

London, England

4. Full name of shareholder(s) (if different from 3.)v

Name

(1)  Martin Andersson / (2) Labro Investments Limited

City and country of registered office (if applicable)

(1)  London, England / (2) Hamilton, Bermuda

5. Date on which the threshold was crossed or reachedvi:

15 October 2019

6. Date on which issuer notified (DD/MM/YYYY):

18 October 2019

7. Total positions of person(s) subject to the notification obligation


% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

33.0%

7.1%

40.2%

177,305,599

Position of previous notification (if

applicable)

33.5%

6.1%

39.6%


8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

VGG203461055

 

Ordinary shares of US$0.01 each

145,844,020

Nil

33.0%

Nil

SUBTOTAL 8. A

145,844,020

33.0%

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

10% Secured Convertible Loan Notes 2021

31 October 2021

 

 

11 September 2018 to 31 October 2021

 

 

2,849,330

 

 

0.6%

 

 



SUBTOTAL 8. B 1

2,849,330

0.6%

 

 

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

Warrants to subscribe for new ordinary shares of $0.01 each

 

Shares to vest pursuant to restricted share award under 2019 Incentive Plan

 

Shares to vest pursuant to an option award under 2019 Management Incentive Plan

17 December 2019

 

 

 

 

 

 

 

 

 

 

 

15 October 2022

To 17

December 2019

 

 

 

 

 

 

 

 

 

 

To 15 October 2022

 

 

 

 

 

 

 

 

 

Cash - 15p per new ordinary share

 

 

 

Physical - 31 December 2019

 

 

 

 

Cash - 42p per new ordinary share

21,367,521

 

 

 

 

 

1,811,182

 

 

 

 

 

 

5,433,546

4.8%

 

 

 

 

 

0.4%

 

 

 

 

 

 

1.2%




SUBTOTAL 8.B.2

28,612,249

6.5%

 

 

 

 



 

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii


Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity
xiv (please add additional rows as necessary)

X

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Martin Andersson (indirect beneficiary under the family trust)

33.0%

7.1%

40.2%

Kleber Private Trust Company Limited, as trustees for and on behalf of a family trust which owns Labro Investments Limited as a wholly owned subsidiary

33.0%

5.5%

38.5%


10. In case of proxy voting, please identify:

Name of the proxy holder


The number and % of voting rights held


The date until which the voting rights will be held



11. Additional informationxvi

The percentage of voting rights is based on the total shares in issue of 441,371,565 ordinary shares as at 25 September 2019 as set out in the press release of Chaarat Gold Holdings Limited issued on 20 September 2019.

 

Place of completion

Hamilton, Bermuda

Date of completion

18 October 2019

 


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