Correction to Holdings in Company

RNS Number : 5519P

Chaarat Gold Holdings Ltd

11 October 2019

 

11 October 2019

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Correction to Holdings in Company

Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, has been informed that the opening paragraph of the announcement made on 4 October 2019 (RNS number 7868O) overstated the number of ordinary shares in the Company ("Shares") acquired by Labro Investments Limited ("Labro") on 1 October 2019 by 90 Shares.  As at 4 October 2019, Labro therefore held 144,705,026 Shares, representing 32.79% of the issued share capital of the Company following the purchase of 299,900 (not 299,990) Chaarat shares on the market at an aggregate share price of 36.3 pence per share on 1 October 2019 and 400,000 Chaarat shares on the market at an aggregate share price of 36.6 pence per share on 2 October 2019. Martin Andersson (the Executive Chairman of Chaarat) is indirectly beneficially interested in the majority of the shares in Labro. This mistake had a consequential effect on the announcement made on 7 October 2019 which also overstated the holding of Labro by 90 Shares.  As at 7 October 2019 Labro Investments Limited therefore held 145,130,886 Shares.

Enquiries

Chaarat Gold Holdings Limited Artem Volynets (CEO)	[phone] [e-mail]
Numis Securities Limited
John Prior, Paul Gillam (NOMAD)	[phone]
James Black (Corporate Broking)
Tavistock
Charles Vivian Gareth Tredway Barney Hayward	[phone] [e-mail]

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.

 

END

 

 

HOLLFFEIIRLILIA