Holding in Company

RNS Number : 1890Y

Chaarat Gold Holdings Ltd

07 May 2019

 

7 May 2019

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Holding in Company

Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, was informed that on 7 May 2019 Labro Investments Limited held 136,067,471 Shares, representing 33.84% of the issued share capital of the Company following the purchase of 355,547 Shares at an aggregate share price of 27 pence per share on 2 May 2019 and the purchase of 250,000 Shares at an aggregate share price of 27.7 pence per share on 3 May 2019. Martin Andersson (the Chairman of Chaarat) is indirectly beneficially interested in the majority of shares in Labro Investments Limited.

Enquiries

Chaarat Gold Holdings Limited Artem Volynets (CEO)	[phone]
	[e-mail]
Numis Securities Limited
John Prior, Paul Gillam (NOMAD)	[phone]
James Black (Corporate Broking)
Powerscourt
Conal Walsh	[phone]
Sam Austrums	[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.

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)
			0.2720000 0.2696200 0.2700000 0.2700000	100,000 100,000 100,000 55,547
e)	Aggregated information ·     Aggregated volume ·     Aggregated price ·     Aggregated total	355,547 27.04556 pence £ 96,159.69
f)	Date of the transaction	2 May 2019
g)	Place of the transaction	XLON

5	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Labro Investments Limited
6	Reason for the notification
a)	Position / status	Person/Entity closely associated with the Chairman
b)	Initial notification / amendment	Initial notification
7	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
8	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)
			0.2769600 0.2740001 0.2760001 0.2780000 0.2760000 0.2760000	50,000 14,957 35,043 75,000 50,000 25,000
e)	Aggregated information ·     Aggregated volume ·     Aggregated price ·     Aggregated total	250,000 27.66724 pence £ 69,168.09
f)	Date of the transaction	3 May 2019
g)	Place of the transaction	XLON

 

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