Holding(s) in Company

RNS Number : 6587M

Chaarat Gold Holdings Ltd

17 October 2016

 

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Holding in Company

Road Town, Tortola, British Virgin Islands (17^th October 2016)

Chaarat (AIM - CGH), the AIM quoted exploration and development company with assets in the Kyrgyz Republic, was informed on 14^th October that on that day Labro Investments Limited ("Labro") held 113,176,925 ordinary shares of US$0.01 each, representing 32.1% of the issued share capital of the Company following the purchase of 100,000 ordinary shares at 8.55 pence per share.

Martin Andersson (the Chairman of Chaarat) is indirectly beneficially interested in the majority of the shares in Labro.

At 14^th October the concert party (consisting of Labro, Martin Wiwen-Nilsson, Dominik Dolenec, Abingdon Trust, Willem De Geer and Sarastro Group Limited) held 140,933,811 ordinary shares of US$0.01 each representing 40% of the issued share capital of the Company.

In accordance with the announcement dated 27 September 2016, 17,535,937 ordinary shares of US$0.01 each may be acquired by the concert party within a period of six months from 1 October 2016 without triggering a requirement to make a mandatory offer under the Articles of Association of the Company. 

Enquiries:  

Chaarat Gold Holdings Limited	+ 44 (0) 20 7499 2612
c/o Central Asia Services Limited	[e-mail]
Dekel Golan   CEO                   Linda Naylor  FD
Numis Securities Limited	[phone]
John Prior, Paul Gillam (NOMAD) James Black (Broker)

About Chaarat Gold

Chaarat Gold is an exploration and development company operating in the Kyrgyz Republic with a large, high grade resource - the Chaarat Gold Project. The Company's key objective is to become a low cost gold producer generating significant production from the development of the Chaarat Gold Project. Chaarat is engaged in an active community engagement programme 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 in the Kyrgyz Republic 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	N/A
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 Identification code	Ordinary shares of US$0.01 each 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)
			8.55 pence	100,000
e)	Aggregated information ·      Aggregated volume ·      Aggregated price ·      Aggregated total	100,000 8.55 pence
f)	Date of the transaction	13 October 2016
g)	Place of the transaction	United Kingdom

 

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