Holding in Company

RNS Number : 5671S

Chaarat Gold Holdings Ltd

12 March 2019

 

12 March 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 11 March 2019 Artem Volynets held 872,000 ordinary shares of US$0.01 each ("Shares"), representing 0.22% of the issued share capital of the Company following the purchase of 500,000 Shares at an aggregate share price of 25.5 pence per share on 11 March 2019.

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]
Isabelle Saber Sam Austrums	[e-mail]

About Chaarat Gold

Chaarat Gold 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	Artem Volynets
2.	Reason for the notification
a)	Position / status	Person discharging managerial responsibilities
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)
			0.257	50,000
			0.255	50,000
			0.255	400,000
e)	Aggregated information ·      Aggregated volume ·      Aggregated price ·      Aggregated total	500,000 25.5000 pence £ 127,600
f)	Date of the transaction	11 March 2019
g)	Place of the transaction	XLON

 

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