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Chaarat Gold Hlgs Ld (CGH)

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Friday 11 June, 2021

Chaarat Gold Hlgs Ld

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. 

 

- ends -

 

Enquiries

 

 

 

Chaarat Gold Holdings Limited

+44 (0)20 7499 2612

Artem Volynets (CEO)

[email protected]

 

 

Canaccord Genuity Limited (NOMAD and Joint Broker)

+ 44 (0)20 7523 8000

Henry Fitzgerald-O'Connor

 

James Asensio

 

 

 

finnCap Limited (Joint Broker)

+44 (0)20 7220 0500

Christopher Raggett

 

 

 

Panmure Gordon (UK) Limited (Joint Broker)

+44 (0)20 7886 2500

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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