Holding in Company

RNS Number : 5855Y

Chaarat Gold Holdings Ltd

10 May 2019

 

10 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 9 May 2019 Labro Investments Limited held 136,376,907 Shares, representing 33.92% of the issued share capital of the Company following the purchase of 25,000 Shares at an aggregate share price of 27.58 pence per share on 7 May 2019 and the purchase of 284,436 Shares at an aggregate share price of 28.79 pence per share on 8 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)
			0.2700000 0.2760000	718 24,282
e)	Aggregated information ·     Aggregated volume ·     Aggregated price ·     Aggregated total	25,000 27.58276 pence £ 6,895.69
f)	Date of the transaction	7 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)
			0.2760000 0.2800000 0.2840000 0.2800000 0.2820000 0.2800000 0.2927973 0.2893154 0.2880000 0.2964138 0.2920000 0.2900000	19,976 10,840 50,000 14,110 14,160 5,024 50,000 25,000 9,436 35,890 25,000 25,000
e)	Aggregated information ·     Aggregated volume ·     Aggregated price ·     Aggregated total	284,436 28.786603 pence £ 81,877.84
f)	Date of the transaction	8 May 2019
g)	Place of the transaction	XLON

 

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