Director/PDMR Shareholding

RNS Number : 2881H

Chaarat Gold Holdings Ltd

06 June 2017

 

Chaarat Gold Holdings Limited
 

("Chaarat" or the "Company")

Director/PDMR shareholding

Road Town, Tortola, British Virgin Islands (6^th June 2017)

Chaarat (AIM - CGH), the AIM quoted exploration and development company with assets in the Kyrgyz Republic, was informed on 5^th June that as of that day Martin Wiwen-Nilsson, a non-executive director of the Company, held 9,777,039 ordinary shares of US$ 0.01 each, representing 2.78% of the issued share capital of the Company, following a purchase on that day of 15,000 ordinary shares at a price of 19.25 pence per share.

In accordance with the announcement dated 12^th April 2017, a further 1,523,654 ordinary shares of US$0.01 each may be acquired by the concert party within a period of three months from 12 April 2017 without triggering a requirement to make a mandatory offer under the Articles of Association of the Company.

The Company notes that due to an administrative error, the number of ordinary shares of US$0.01 each that could be acquired by the concert party within a period of three months from 12 April 2017 without triggering a requirement to make a mandatory offer under the Articles of Association of the Company declared in the Company's announcements of 18 April 2017 to 2 May 2017, was understated by 125,000 shares.            

Enquiries:

Chaarat Gold Holdings Limited	+ 44 (0) 20 7499 2612
c/o Central Asia Services Limited	[e-mail]
Dekel Golan   CEO                   Linda Naylor  FD
Numis Securities Limited	[phone]
John Prior, Paul Gillam (NOMAD) James Black (Broker)

About Chaarat Gold

Chaarat Gold is an exploration and development company operating in the Kyrgyz Republic with a large, high grade resource - the Chaarat Gold Project. The Company's key objective is to become a low cost gold producer generating significant production from the development of the Chaarat Gold Project. Chaarat is engaged in an active community engagement programme 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 in the Kyrgyz Republic 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	Martin Wiwen-Nilsson
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	Acquisition of ordinary shares in the market
c)	Currency	GBP
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			19.25	15,000
e)	Aggregated information ·  Aggregated volume ·  Aggregated price ·  Aggregated total	15,000 19.25 pence £ 2,887.50 25,089.16 47,454.68
f)	Date of the transaction	5 June 2017
g)	Place of the transaction	XLON

 

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