20 April 2021
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
PDMR Notification - Vesting of a proportion of share awards
Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, provides an update on vesting and awards of certain restricted stock units ("RSUs") under the Company's previously announced management incentive plan (the "Plan"). The third tranche of R SUs awarded to directors and persons discharging managerial responsibilities ("PDMRs") vested on 15 April 2021. As set out in the Company's announcement of 20 September 2019, this comprises up to one-third of the total RSUs awarded under the Plan together with a portion of share awards under agreements relating to the surrender of options as set out in the announcement of 8 October 2019. Furthermore, some additional RSUs have been awarded under the Plan on 15 April 2021 which have vested immediately. The vesting of the third tranche of RSUs so far as it related to executive directors and other PDMRs together with the vesting of the additional RSUs were subject to performance conditions not all of which were fully satisfied. Where performance conditions were not fully satisfied, the RSUs that did not vest have automatically lapsed. The relevant vesting details so far as they relate to directors and other PDMRs are set out below:
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In addition, 1,969,925 awards vested to employees who are not PDMRs. There are now no outstanding RSU awards under the Plan. There remain 55,027,006 share options under the Plan which are exercisable until 18 September 2024 at an exercise price of 42 pence per share.
As announced on 20 September 2019, 21,585,108 shares were issued to the Company's employee benefit trust (the "EBT") for the purposes of satisfying share awards. As has been the case with the vesting of previous share awards, the vesting of the share awards that are the subject of this announcement is being satisfied using shares held in the EBT . Following the vesting of these share awards, 1,073,490 shares will remain in the EBT.
- ends -
Enquiries |
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Chaarat Gold Holdings Limited |
+44 (0)20 7499 2612 |
Artem Volynets (CEO) |
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Canaccord Genuity Limited (NOMAD and Joint Broker) |
+ 44 (0)20 7523 8000 |
Henry Fitzgerald-O'Connor |
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James Asensio |
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finnCap Limited (Joint Broker) |
+44 (0)20 7220 0500 |
Christopher Raggett |
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Panmure Gordon (UK) Limited (Joint Broker) |
+44 (0)20 7886 2500 |
John Prior Hugh Rich |
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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 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 .
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Martin Andersson |
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2 |
Reason for the notification |
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a) |
Position / status |
Director |
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b) |
Initial notification / amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Chaarat Gold Holdings Limited |
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b) |
Legal entity identifier |
213800T2A5CV84VTFJ70 |
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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 |
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a) |
Description of the financial instrument, type of instrument |
Ordinary shares of US$0.01 each |
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Identification code |
VGG203461055 |
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b) |
Nature of the transaction |
Vesting of a portion of restricted share award under 2019 Management Incentive Plan |
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c) |
Currency |
GBP |
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d) |
Price(s) and volume(s) |
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e) |
Aggregated information
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f) |
Date of the transaction |
15 April 2021 |
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g) |
Place of the transaction |
XLON / Outside a trading venue |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Artem Volynets |
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2 |
Reason for the notification |
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a) |
Position / status |
Director |
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b) |
Initial notification / amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Chaarat Gold Holdings Limited |
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b) |
Legal entity identifier |
213800T2A5CV84VTFJ70 |
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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 |
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a) |
Description of the financial instrument, type of instrument |
Ordinary shares of US$0.01 each |
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Identification code |
VGG203461055 |
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b) |
Nature of the transaction |
Vesting of a portion of restricted share award under 2019 Management Incentive Plan |
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c) |
Currency |
GBP |
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d) |
Price(s) and volume(s) |
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e) |
Aggregated information
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f) |
Date of the transaction |
15 April 2021 |
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g) |
Place of the transaction |
XLON / Outside a trading venue |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Darin Cooper |
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2 |
Reason for the notification |
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a) |
Position / status |
Person discharging managerial responsibilities |
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b) |
Initial notification / amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Chaarat Gold Holdings Limited |
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b) |
Legal entity identifier |
213800T2A5CV84VTFJ70 |
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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 |
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|||||||||||
a) |
Description of the financial instrument, type of instrument |
Ordinary shares of US$0.01 each |
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Identification code |
VGG203461055 |
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b) |
Nature of the transaction |
Vesting of a portion of restricted share award under 2019 Management Incentive Plan |
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c) |
Currency |
GBP |
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d) |
Price(s) and volume(s) |
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e) |
Aggregated information
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f) |
Date of the transaction |
15 April 2021 |
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g) |
Place of the transaction |
XLON / Outside a trading venue |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Christopher Eger |
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3 |
Reason for the notification |
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a) |
Position / status |
Person discharging managerial responsibilities |
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b) |
Initial notification / amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Chaarat Gold Holdings Limited |
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b) |
Legal entity identifier |
213800T2A5CV84VTFJ70 |
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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 |
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a) |
Description of the financial instrument, type of instrument |
Ordinary shares of US$0.01 each |
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Identification code |
VGG203461055 |
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b) |
Nature of the transaction |
Vesting of a portion of restricted share award under 2019 Management Incentive Plan |
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c) |
Currency |
GBP |
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d) |
Price(s) and volume(s) |
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e) |
Aggregated information
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f) |
Date of the transaction |
15 April 2021 |
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g) |
Place of the transaction |
XLON / Outside a trading venue |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Hussein Barma |
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2 |
Reason for the notification |
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a) |
Position / status |
Director |
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b) |
Initial notification / amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Chaarat Gold Holdings Limited |
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b) |
Legal entity identifier |
213800T2A5CV84VTFJ70 |
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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 |
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|||||||||||
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Identification code |
VGG203461055 |
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b) |
Nature of the transaction |
Vesting of a portion of restricted share award under 2019 Management Incentive Plan |
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c) |
Currency |
GBP |
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d) |
Price(s) and volume(s) |
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e) |
Aggregated information
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f) |
Date of the transaction |
15 April 2021 |
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g) |
Place of the transaction |
XLON / Outside a trading venue |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Robert Benbow |
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2 |
Reason for the notification |
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a) |
Position / status |
Director |
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b) |
Initial notification / amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Chaarat Gold Holdings Limited |
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b) |
Legal entity identifier |
213800T2A5CV84VTFJ70 |
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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 |
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||||||||||||
a) |
Description of the financial instrument, type of instrument |
Ordinary shares of US$0.01 each |
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Identification code |
VGG203461055 |
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b) |
Nature of the transaction |
Vesting of a portion of a restricted share award under an award/surrender agreement |
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c) |
Currency |
GBP |
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d) |
Price(s) and volume(s) |
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e) |
Aggregated information
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|||||||||||
f) |
Date of the transaction |
15 April 2021 |
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g) |
Place of the transaction |
XLON / Outside a trading venue |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Robert Benbow |
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2 |
Reason for the notification |
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a) |
Position / status |
Director |
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b) |
Initial notification / amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Chaarat Gold Holdings Limited |
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|||||||||||
b) |
Legal entity identifier |
213800T2A5CV84VTFJ70 |
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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 |
Vesting of a portion of restricted share award under 2019 Management Incentive Plan |
|
|||||||||||
c) |
Currency |
GBP |
|
|||||||||||
d) |
Price(s) and volume(s) |
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|||||||||||
e) |
Aggregated information
|
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|
|||||||||||
f) |
Date of the transaction |
15 April 2021 |
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|||||||||||
g) |
Place of the transaction |
XLON / Outside a trading venue |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Robert Edwards |
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2 |
Reason for the notification |
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a) |
Position / status |
Director |
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b) |
Initial notification / amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|
||||||||||||
a) |
Name |
Chaarat Gold Holdings Limited |
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|||||||||||
b) |
Legal entity identifier |
213800T2A5CV84VTFJ70 |
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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 |
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|||||||||||
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Identification code |
VGG203461055 |
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b) |
Nature of the transaction |
Vesting of a portion of restricted share award under 2019 Management Incentive Plan |
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c) |
Currency |
GBP |
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|||||||||||
d) |
Price(s) and volume(s) |
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|||||||||||
e) |
Aggregated information
|
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|||||||||||
f) |
Date of the transaction |
15 April 2021 |
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g) |
Place of the transaction |
XLON / Outside a trading venue |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Warren Gilman |
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2 |
Reason for the notification |
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a) |
Position / status |
Director |
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b) |
Initial notification / amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Chaarat Gold Holdings Limited |
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b) |
Legal entity identifier |
213800T2A5CV84VTFJ70 |
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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 |
Vesting of a portion of restricted share award under 2019 Management Incentive Plan |
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|||||||||||
c) |
Currency |
GBP |
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|||||||||||
d) |
Price(s) and volume(s) |
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|||||||||||
e) |
Aggregated information
|
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|||||||||||
f) |
Date of the transaction |
15 April 2021 |
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g) |
Place of the transaction |
XLON / Outside a trading venue |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Artem Volynets |
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2 |
Reason for the notification |
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a) |
Position / status |
Director |
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b) |
Initial notification / amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Chaarat Gold Holdings Limited |
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b) |
Legal entity identifier |
213800T2A5CV84VTFJ70 |
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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 |
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|||||||||||
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Identification code |
VGG203461055 |
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b) |
Nature of the transaction |
Vesting of a restricted share award under an award/surrender agreement |
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c) |
Currency |
GBP |
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d) |
Price(s) and volume(s) |
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e) |
Aggregated information
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f) |
Date of the transaction |
15 April 2021 |
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g) |
Place of the transaction |
XLON / Outside a trading venue |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Gordon Wylie |
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2 |
Reason for the notification |
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a) |
Position / status |
Director |
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b) |
Initial notification / amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Chaarat Gold Holdings Limited |
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|||||||||||
b) |
Legal entity identifier |
213800T2A5CV84VTFJ70 |
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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 |
Vesting of a portion of restricted share award under 2019 Management Incentive Plan |
|
|||||||||||
c) |
Currency |
GBP |
|
|||||||||||
d) |
Price(s) and volume(s) |
|
|
|||||||||||
e) |
Aggregated information
|
|
|
|||||||||||
f) |
Date of the transaction |
15 April 2021 |
|
|||||||||||
g) |
Place of the transaction |
XLON / Outside a trading venue |
|
|||||||||||
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|
||||||||||||
a) |
Name |
Darin Cooper |
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|||||||||||
2 |
Reason for the notification |
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a) |
Position / status |
Director |
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|||||||||||
b) |
Initial notification / amendment |
Initial notification |
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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 |
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|||||||||||
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 |
Grant of a restricted share award under 2019 Management Incentive Plan |
|
|||||||||||
c) |
Currency |
GBP |
|
|||||||||||
d) |
Price(s) and volume(s) |
|
|
|||||||||||
e) |
Aggregated information
|
|
|
|||||||||||
f) |
Date of the transaction |
15 April 2021 |
|
|||||||||||
g) |
Place of the transaction |
XLON / Outside a trading venue |
|
|||||||||||
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|
||||||||||||
a) |
Name |
Christopher Eger |
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|||||||||||
2 |
Reason for the notification |
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||||||||||||
a) |
Position / status |
Director |
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|||||||||||
b) |
Initial notification / amendment |
Initial notification |
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|||||||||||
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 |
Grant of a restricted share award under 2019 Management Incentive Plan |
|
|||||||||||
c) |
Currency |
GBP |
|
|||||||||||
d) |
Price(s) and volume(s) |
|
|
|||||||||||
e) |
Aggregated information
|
|
|
|||||||||||
f) |
Date of the transaction |
15 April 2021 |
|
|||||||||||
g) |
Place of the transaction |
XLON / Outside a trading venue |
|
|||||||||||
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|
||||||||||||
a) |
Name |
Darin Cooper |
|
|||||||||||
4 |
Reason for the notification |
|
||||||||||||
a) |
Position / status |
Person discharging managerial responsibilities |
|
|||||||||||
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 |
|
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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 |
|
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a) |
Description of the financial instrument, type of instrument |
Ordinary shares of US$0.01 each |
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|
Identification code |
VGG203461055 |
|
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b) |
Nature of the transaction |
Vesting of a restricted share award under 2019 Management Incentive Plan |
|
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c) |
Currency |
GBP |
|
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d) |
Price(s) and volume(s) |
|
|
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e) |
Aggregated information
|
|
|
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f) |
Date of the transaction |
15 April 2021 |
|
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g) |
Place of the transaction |
XLON / Outside a trading venue |
|
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||||||||||
a) |
Name |
Christopher Eger |
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5 |
Reason for the notification |
|||||||||||||
a) |
Position / status |
Person discharging managerial responsibilities |
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b) |
Initial notification / amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Chaarat Gold Holdings Limited |
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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 |
Vesting of a restricted share award under 2019 Management Incentive Plan |
||||||||||||
c) |
Currency |
GBP |
||||||||||||
d) |
Price(s) and volume(s) |
|
||||||||||||
e) |
Aggregated information
|
|
||||||||||||
f) |
Date of the transaction |
15 April 2021 |
||||||||||||
g) |
Place of the transaction |
XLON / Outside a trading venue |
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