REPLACEMENT - Holding(s) in Company

RNS Number : 6688U

Chaarat Gold Holdings Ltd

20 January 2017

 

This announcement is made in replacement of RNS 5454U released at 17.48 on 18 January 2017 making a correction to the number of shares held by Labro Investments Limited following the purchases described in that announcement.  The announcement stated that Labro's resulting holding was 116,227,463; this should have read 116,322,165.  A full revised announcement is below.

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Holding in Company

Road Town, Tortola, British Virgin Islands (18^th January 2017)

Chaarat (AIM - CGH), the AIM quoted exploration and development company with assets in the Kyrgyz Republic, was informed on 17^th January that as of that day Labro Investments Limited ("Labro") held 116,322,165 ordinary shares of US$0.01 each, representing 33% of the issued share capital of the Company, following the purchase on 17^th January of 200,000 ordinary shares at a price of 9.925 pence per share, a second purchase on that day of 200,000 ordinary shares at a price of 9.888875 pence per share and a third purchase of 94,702 shares at a price of 9.5 pence per share.

Martin Andersson (the Chairman of Chaarat) is indirectly beneficially interested in the majority of the shares in Labro.

In accordance with the announcement dated 27 September 2016, a further 9,155,403 ordinary shares of US$0.01 each may be acquired by the concert party within a period of six months from 1 October 2016 without triggering a requirement to make a mandatory offer under the Articles of Association of the Company. 

Enquiries:  

Chaarat Gold Holdings Limited	+ 44 (0) 20 7499 2612
c/o Central Asia Services Limited	[e-mail]
Dekel Golan   CEO                   Linda Naylor  FD
Numis Securities Limited	[phone]
John Prior, Paul Gillam (NOMAD) James Black (Broker)

About Chaarat Gold

Chaarat Gold is an exploration and development company operating in the Kyrgyz Republic with a large, high grade resource - the Chaarat Gold Project. The Company's key objective is to become a low cost gold producer generating significant production from the development of the Chaarat Gold Project. 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 in the Kyrgyz Republic 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	Person/Entity closely associated with the Chairman
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	N/A
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)
			9.925 9.888875 9.50	200,000 200,000 94,702
e)	Aggregated information ·      Aggregated volume ·      Aggregated price ·      Aggregated total	494,702 9.6 pence per share £47,274.44
f)	Date of the transaction	17 January 2017
g)	Place of the transaction	United Kingdom

 

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