Director/PDMR Shareholding

RNS Number : 0608P

Chaarat Gold Holdings Ltd

08 October 2019

 

8 October 2019

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Notification of transactions of directors/persons discharging managerial responsibilities (PDMRs) - Surrender of options and grant of share awards

The information contained in this notification is disclosed in accordance with the requirements of the EU Market Abuse Regulation.

Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, announces that certain directors (PDMRs) have surrendered their existing outstanding options over ordinary shares in the Company, entitlements to options over ordinary shares in the Company and entitlements to the ordinary shares in the Company in return for the grant of restricted share units, as described in the appendix to this announcement.

Enquiries

Chaarat Gold Holdings Limited Artem Volynets (CEO)	[phone]
	[e-mail]
Numis Securities Limited
John Prior, Paul Gillam (NOMAD)	[phone]
James Black (Corporate Broking)
SP Angel Ewan Leggat (Joint Broker) Tavistock Communications	[phone]
Charles Vivian Gareth Tredway	[phone] [phone]

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	Robert Benbow
2	Reason for the notification
a)	Position / status	Director
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	Options over ordinary shares of US$0.01 each
	Identification code	VGG203461055
b)	Nature of the transaction	Surrender of options
c)	Currency	GBP
d)	Price(s) and volume(s)		Exercise Price(s)	Volume(s)
			£0.15	3,500,000
			£0.163	500,000
e)	Aggregated information ·     Aggregated volume ·     Aggregated exercise price ·     Aggregated total exercise price	4,000,000 £0.151625 £606,500
f)	Date of the transaction	4 October 2019
g)	Place of the transaction	Outside of a trading venue

5	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Robert Benbow
6	Reason for the notification
a)	Position / status	Director
b)	Initial notification / amendment	Initial notification
7	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
8	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 an award/surrender agreement.  The first half of the award vests on 15 October 2019 and the second half on 31 December 2020. Vesting of each tranche is subject to continued employment by Chaarat.
c)	Currency	GBP
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			£0.33	720,566
e)	Aggregated information ·     Aggregated volume ·     Aggregated price ·     Aggregated total	720,566 £0.33 £237,786.78
f)	Date of the transaction	4 October 2019
g)	Place of the transaction	Outside of a trading venue

9	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Artem Volynets
10	Reason for the notification
a)	Position / status	Director
b)	Initial notification / amendment	Initial notification
11	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
12	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	Options over ordinary shares of US$0.01 each
	Identification code	VGG203461055
b)	Nature of the transaction	Surrender of entitlements to options under an award/surrender agreement
c)	Currency	GBP
d)	Price(s) and volume(s)		Exercise Price(s)	Volume(s)
			£0.25	1,500,000
e)	Aggregated information ·     Aggregated volume ·     Aggregated exercise price ·     Aggregated total exercise price	1,500,000 £0.25 £375,000
f)	Date of the transaction	4 October 2019
g)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Artem Volynets
2	Reason for the notification
a)	Position / status	Director
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	Surrender of entitlements to shares under an award/surrender agreement
c)	Currency	GBP
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			n/a	500,000
e)	Aggregated information ·     Aggregated volume ·     Aggregated exercise price ·     Aggregated total exercise price	500,000 n/a n/a
f)	Date of the transaction	4 October 2019
g)	Place of the transaction	Outside of a trading venue

5	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Artem Volynets
6	Reason for the notification
a)	Position / status	Director
b)	Initial notification / amendment	Initial notification
7	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
8	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 an award/surrender agreement.  The first half of the award vests on 15 October 2019 and the second half on 31 December 2020. Vesting of each tranche is subject to continued employment by Chaarat.
c)	Currency	GBP
d)	Price(s) and volume(s)		Price(s)	Volume(s)
			£0.33	742,424
e)	Aggregated information ·     Aggregated volume ·     Aggregated price ·     Aggregated total	742,424 £0.33 £244,999.92
f)	Date of the transaction	4 October 2019
g)	Place of the transaction	Outside of a trading venue

 

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