Holding(s) in Company

RNS Number : 6233Z

Chaarat Gold Holdings Ltd

21 September 2020

 

21 September 2020

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Holding in Company

Chaarat (AIM:CGH), the AIM-quoted gold mining Company with an operating mine in Armenia and assets at various stages of development in the Kyrgyz Republic, has today been informed that Labro Investments Limited ("Labro"), the majority of shares in which the Company's Chairman, Martin Andersson, is indirectly beneficially interested, purchased 117,224 ordinary shares of US$0.01 each in the capital of the Company ("Ordinary Shares") in the market at an aggregate share price of approximately 37.07 pence per Ordinary Share on 18 September 2020.

Following this purchase, Labro now holds 203,592,573 Ordinary Shares, representing 38.81% of the Company's issued share capital.  The combined holding of Labro and Martin Andersson is now 209,422,569 Ordinary Shares representing 39.92% of the Company's issued share capital.

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Enquiries
Chaarat Gold Holdings Limited	[phone]
Artem Volynets (CEO)	[e-mail]
Canaccord Genuity Limited (NOMAD and Joint Broker)	+ 44 (0)20 7523 8000
Henry Fitzgerald-O'Connor
James Asensio
finnCap Limited (Joint Broker)	[phone]
Christopher Raggett
SP Angel Corporate Finance LLP (Joint Broker)	+ 44 (0)20 3470 0470
Ewan Leggatt

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/ .

Appendix - PDMR form

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)
			0.3694215 0.3697766 0.3750000	50,000 42,224 25,000
e)	Aggregated information · Aggregated volume · Aggregated price · Aggregated total	117,224 37.07392 pence £ 43,459.53
f)	Date of the transaction	18 September 2020
g)	Place of the transaction	XLON

 

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