Director/PDMR Shareholding

RNS Number : 2392W

Chaarat Gold Holdings Ltd

20 December 2021

 

20 December 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 Labro Investments Limited ("Labro"), the majority of shares in which the Company's Chairman, Martin Andersson, is indirectly beneficially interested, has made the following market purchases of ordinary shares of US$0.01 each in the capital of the Company ("Ordinary Shares"):

•	on 16 December 2021, 3,876,740 Ordinary Shares at an aggregate price of approximately 19.00 pence per Ordinary Share; and
•	on 17 December 2021, 1,666,638 Ordinary Shares at an aggregate price of approximately 19.00 pence per Ordinary Share.

Following these purchases, Labro now holds 303,946,043 Ordinary Shares, representing 44.09% of the Company's issued share capital.  The combined holding of Labro and Martin Andersson is now 310,915,635 Ordinary Shares representing 45.10% of the Company's issued share capital.

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Enquiries
Chaarat Gold Holdings Limited	[phone]
Patrick Henze (Investor Relations)	[e-mail]
Canaccord Genuity Limited (NOMAD and Joint Broker)	+ 44 (0)20 7523 8000
Henry Fitzgerald-O'Connor
James Asensio
finnCap Limited (Joint Broker)	[phone]
Christopher Raggett
Panmure Gordon (UK) Limited (Joint Broker)	[phone]
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 forms

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)
			0.1900000 0.1874929	3,850,000 26,740
e)	Aggregated information · Aggregated volume · Aggregated price · Aggregated total	3,876,740 18.99827 pence £ 736,513.56
f)	Date of the transaction	16 December 2021
g)	Place of the transaction	XLON
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)
			0.1899575 0.1898024	1,000,000 666,638
e)	Aggregated information · Aggregated volume · Aggregated price · Aggregated total	1,666,638 18.98955 pence £ 316,486.99
f)	Date of the transaction	17 December 2021
g)	Place of the transaction	XLON

 

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