Re-admission to trading on AIM

RNS Number : 9505O

Chaarat Gold Holdings Ltd

04 February 2019

 

4 February 2019

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

Not for release, publication or distribution to United States newswire services or for release, publication or dissemination in the United States and does not constitute an offer of the securities herein.        

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction.  Any securities described in this press release have not been, and will not be, registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration except in transactions exempt from, or not subject to, registration under the US Securities Act and applicable US state securities laws. There is no public offering of the securities in the United States expected. 

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Re-admission to trading on AIM

Further to the Company's announcement on 1 February 2019, Chaarat is pleased to confirm the expected Re-admission to trading this morning on the AIM market of London Stock Exchange plc of its entire issued share capital.

The Company has 395,167,015 ordinary shares of US$0.01 each ("Ordinary Shares") in issue and, based on the last mid-price of its Ordinary Shares prior to suspension of trading on AIM, of 27.15p per Ordinary Share, has a market capitalisation of approximately £107.3 million.

Dealings are expected to re-commence at 08.00 this morning under the ticker "CGH".

Martin Andersson, Executive Chairman of Chaarat, said: "We are very pleased to bring a new Chaarat back to the AIM market. Since the suspension of our shares in April 2018, the Company has been transformed with a strengthened Board and Management and the completion of our first M&A deal. We look forward to updating the market as we further pursue our ambitious plans in our target regions."

Further information about the Company, including its AIM Re-Admission Document published on 14 December 2018, can be viewed at its website www.chaarat.com.

Enquiries

Chaarat Gold Holdings Limited Martin Andersson (Executive Chairman)	[phone]
Artem Volynets (CEO)	[e-mail]
Numis Securities Limited
John Prior, Paul Gillam (NOMAD)	[phone]
James Black (Corporate Broking)
Powerscourt
Conal Walsh	[phone]
Matthew Attwood Isabelle Saber	[e-mail]

About Chaarat Gold

Chaarat Gold is an exploration and development company with a large, high grade resource - the Chaarat Gold Project. 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.

On 30 January 2019 Chaarat announced that it had completed the acquisition of the Kapan mine in Armenia from Polymetal, for a consideration of US$55 million (the "Kapan Acquisition"). On 14 December 2018, the Company issued the Readmission Document relating to the Kapan Acquisition.

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 by building relationships based on trust and operating to the best environmental, social and employment standards.

Further information is available at www.chaarat.com.

 NOTICE

This announcement includes statements that are, or may be deemed to be, "forward-looking statements".  These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "envisages", "estimates", "anticipates", "projects", "expects", "intends", "may", "will", "could", "seeks" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy plans, objectives, goals, future events or intentions.  These forward-looking statements include statements regarding the Company's and the Directors' current intentions, beliefs or expectations concerning, amongst other things, investment strategy, financing strategy, performance, results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which the Group (which, where used in this announcement, shall have the meaning given to that term in the Readmission Document) will operate.

By their nature, forward-looking statements involve risks (including unknown risks) and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future.  Forward-looking statements are not an assurance of future performance.  The Company's actual performance, results of operations, financial condition, liquidity and dividend policy and the development of the business sector in which the Group will operate, may differ materially from those suggested by the forward-looking statements contained in this announcement.  In addition, even if the Company's performance, results of operations, financial condition, liquidity and dividend policy and the development of the industry in which the Group will operate, are consistent with the forward-looking statements contained in this document, those results or developments may not be indicative of results or developments in subsequent periods.

Any forward-looking statements in this announcement reflect the Company's and the Directors' current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the matters referred to above.  Other than in accordance with the Company's obligations under the AIM Rules for Companies, the Company does not undertake to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

 

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