Issuance of shares and holding in Company

RNS Number : 3428G

Chaarat Gold Holdings Ltd

23 July 2019

 

23 July 2019

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Issuance of shares in Company and holding in Company

Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, announces that it has issued 1,496,556 ordinary shares of US$0.01 each ("New Ordinary Shares"). These comprise:

·    250,000 New Ordinary Shares issued to Labro Investments Limited ("Labro") pursuant to a guarantee fee agreement announced by the Company on 31 January 2019 (RNS number 7446O);

·    34,435 New Ordinary Shares issued to Labro pursuant to a drawdown made by the Company on 29 March 2019 on a committed revolving term loan facility with Labro announced by the Company on 14 December 2018 (RNS number 5046K); and

·    1,212,121 New Ordinary Shares issued to remunerate a former board member for services provided to the Company.

An application will shortly be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM, and it is expected that admission will become effective and trading of the New Ordinary Shares will commence on or around 8:00am (London time) on 26 July 2019.

Following the admission of the New Ordinary Shares:

·    the Company's enlarged issued share capital will comprise 403,591,134 ordinary shares of US$0.01 each. This figure may be used by shareholders of the Company as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules Sourcebook; and

·    Labro will hold 140,126,404 ordinary shares of $0.01 each, representing 34.72% of the issued share capital of the Company.

Martin Andersson (the executive chairman of Chaarat) is directly beneficially interested in the majority of the shares in Labro.

Enquiries

Chaarat Gold Holdings Limited Artem Volynets (CEO)	[phone] [e-mail]
Numis Securities Limited
John Prior, Paul Gillam (NOMAD)	[phone]
James Black (Corporate Broking)
Powerscourt
Conal Walsh	[phone]
Sam Austrums	[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	Entity closely associated with Martin Andersson, the executive chairman of Chaarat Gold Holdings Limited
b)	Initial notification / amendment	Amendment
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	Remuneration in shares under a guarantee fee agreement
c)	Currency	GBP
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			33p	250,000
e)	Aggregated information ·    Aggregated volume ·    Aggregated price ·    Aggregated total	250,000 33p £82,500
f)	Date of the transaction	16 May 2019
g)	Place of the transaction	XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Labro Investments Limited
2	Reason for the notification
a)	Position / status	Entity closely associated with Martin Andersson, the executive chairman of Chaarat Gold Holdings Limited
b)	Initial notification / amendment	Initial
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	Remuneration in shares under a committed revolving term loan facility agreement
c)	Currency	GBP
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			33p	34,435
e)	Aggregated information ·    Aggregated volume ·    Aggregated price ·    Aggregated total	34,435 33p £11,363.55
f)	Date of the transaction	16 May 2019
g)	Place of the transaction	XLON

 

END

 

 

MSCUUORRKRABUUR