Holding(s) in Company

RNS Number : 4839O

Chaarat Gold Holdings Ltd

07 November 2016

 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			Chaarat Gold Holdings Limited
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				ü
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):	Acquisition of voting rights and financial instruments with a similar economic effect to qualifying financial instruments pursuant to a distribution in specie
3. Full name of person(s) subject to the notification obligation: iii		Labro Investments Limited
4. Full name of shareholder(s) (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached: v		4 November 2016
6. Date on which issuer notified:		4 November 2016
7. Threshold(s) that is/are crossed or reached: vi, vii		Above 39% including financial instruments with a similar economic effect to qualifying financing instruments

8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of voting rights x
			Direct	Direct xi	Indirect xii	Direct	Indirect
VGG203461055 Ordinary shares of US$0.01 each	115,677,463	115,677,463	115,827,463	115,827,463	N/A	32.9%	N/A

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial	Expiration	Exercise/	Number of voting	% of voting
instrument	date xiii	Conversion Period xiv	rights that may be	rights
			acquired if the
			instrument is
			exercised/ converted.

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration date xvii	Exercise/ Conversion period xviii	Number of voting rights instrument refers to	% of voting rights xix, xx
Warrants to subscribe for new ordinary shares of $0.01 each	US$0.234 per new ordinary share	17 December 2019	To 17 December 2019	21,367,521	Nominal	Delta
					6.1%

Total (A+B+C)
Number of voting rights	Percentage of voting rights
137,194,984	39.0%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

Labro Investments Limited is majority owned by Kleber Private Trust Company Limited, acting as trustees for and on behalf of a family trust. Martin Andersson is indirectly beneficially interested in the majority of the shares.

Proxy Voting:
10. Name of the proxy holder:	N/A
11. Number of voting rights proxy holder will cease to hold:	N/A
12. Date on which proxy holder will cease to hold voting rights:	N/A

13. Additional information:	The percentage of voting rights is based on the total shares in issue number of 351,775,832 ordinary shares as set out in the announcement from Chaarat Gold Holdings Limited on 27 September 2016.
14. Contact name:	Edward Allanby
15. Contact telephone number:	[phone]

 

END

 

 

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