Holding in Company

RNS Number : 1247W

Chaarat Gold Holdings Ltd

09 December 2019

 

9 December 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, has been informed that Labro Investments Limited, in which the Company's Chairman Martin Andersson is indirectly beneficially interested in the majority of shares, purchased 230,324 Chaarat shares on the market at an aggregate share price of approximately 29.4 pence per share on 5 December 2019 and 230,000 Chaarat shares on the market at an aggregate share price of approximately 29.6 pence per share on 6 December 2019.

Following this purchase Labro Investments Limited held 164,366,870 Shares, representing 35.06% of the issued share capital of the Company.

Enquiries

Chaarat Gold Holdings Limited Artem Volynets (CEO)	[phone]
	[e-mail]
Numis Securities Limited
John Prior, Paul Gillam (NOMAD)	[phone]
James Black (Corporate Broking)
SP Angel	[phone]
Ewan Leggat (Joint Broker)
Tavistock
Charles Vivian	[phone]
Gareth Tredway Barney Hayward	[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)
			0.2900000 0.2980000 0.2940000 0.2980000 0.2901935 0.2900000 0.2980000	25,000 25,000 28,000 30,000 31,000 45,500 45,824
e)	Aggregated information ·     Aggregated volume ·     Aggregated price ·     Aggregated total	230,324 29.40143 pence £ 67,718.55
f)	Date of the transaction	5 December 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)
			0.2900000 0.3020000 0.2985000 0.2900000 0.2900000 0.2960000 0.2900000 0.3040000	20,000 30,000 20,000 50,000 20,000 30,000 20,000 40,000
e)	Aggregated information ·     Aggregated volume ·     Aggregated price ·     Aggregated total	230,000 29.55220 pence £ 67,970.00
f)	Date of the transaction	6 December 2019
g)	Place of the transaction	XLON

 

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