Holding(s) in Company

RNS Number : 3607R

Chaarat Gold Holdings Ltd

29 October 2019

 

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Chaarat Gold Holdings Limited

1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)

Non-UK issuer

X

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments

X

An event changing the breakdown of voting rights

Other (please specify)iii:

3. Details of person subject to the notification obligationiv

Name

Martin Andersson

City and country of registered office (if applicable)

London, England

4. Full name of shareholder(s) (if different from 3.)v

Name

(1)  Martin Andersson / (2) Labro Investments Limited

City and country of registered office (if applicable)

(1)  London, England / (2) Hamilton, Bermuda

5. Date on which the threshold was crossed or reachedvi:

15 October 2019

6. Date on which issuer notified (DD/MM/YYYY):

18 October 2019

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

33.0%

7.1%

40.2%

177,305,599

Position of previous notification (if applicable)

33.5%

6.1%

39.6%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of shares ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)

VGG203461055 Ordinary shares of US$0.01 each

145,844,020

Nil

33.0%

Nil

SUBTOTAL 8. A

145,844,020

33.0%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration datex

Exercise/ Conversion Periodxi

Number of voting rights that may be acquired if the instrument is exercised/converted.

% of voting rights

10% Secured Convertible Loan Notes 2021

31 October 2021

11 September 2018 to 31 October 2021

2,849,330

0.6%

SUBTOTAL 8. B 1

2,849,330

0.6%

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration datex

Exercise/ Conversion Period xi

Physical or cash settlementxii

Number of voting rights

% of voting rights

Warrants to subscribe for new ordinary shares of $0.01 each Shares to vest pursuant to restricted share award under 2019 Incentive Plan Shares to vest pursuant to an option award under 2019 Management Incentive Plan

17 December 2019 15 October 2022

To 17 December 2019 To 15 October 2022

Cash - 15p per new ordinary share Physical - 31 December 2019 Cash - 42p per new ordinary share

21,367,521 1,811,182 5,433,546

4.8% 0.4% 1.2%

SUBTOTAL 8.B.2

28,612,249

6.5%

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)				X
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Martin Andersson (indirect beneficiary under the family trust)	33.0%	7.1%	40.2%
Kleber Private Trust Company Limited, as trustees for and on behalf of a family trust which owns Labro Investments Limited as a wholly owned subsidiary	33.0%	5.5%	38.5%
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi
The percentage of voting rights is based on the total shares in issue of 441,371,565 ordinary shares as at 25 September 2019 as set out in the press release of Chaarat Gold Holdings Limited issued on 20 September 2019.

Place of completion	Hamilton, Bermuda
Date of completion	18 October 2019

 

END

 

 

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