Result of General Meeting

Chaarat Gold Holdings Ltd

08 August 2024

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"), AND IS DISCLOSED IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR.

8 August 2024 

Chaarat Gold Holdings Limited

("Chaarat" or "the Company")

Result of General Meeting and Cancellation of Admission to Trading on AIM

Chaarat Gold (AIM:CGH), a mining explorer and developer with projects in the Kyrgyz Republic, announces that at the general meeting of the Company held earlier today (the "General Meeting"), which was called pursuant to the circular issued by the Company on 16 July 2024, all resolutions put to the Company's shareholders ("Shareholders") were duly passed.

The results of the poll incorporating valid proxy votes lodged in advance of the meeting are set out below:

№	Resolutions	For № of votes	Against № of votes	Withheld № of votes	Percentage of total votes in favour
1.	Authority to allot up to 12,000,000,000 Relevant Securities	399,830,644	25,930,513	2,811,613	93.91%
2.	Disapplication of pre-emption rights in relation to Resolution 1	399,830,644	25,927,217	2,814,909	93.91%
3.	Cancellation of the Company's ordinary shares to trading on AIM	399,827,459	25,934,323	2,810,988	93.91%
4.	Amendment and restatement of the Company's memorandum and articles of association	399,829,150	25,927,217	2,816,403	93.91%
5.	Disapplication of Regulation 19 (Takeover Provisions)	399,827,459	25,927,217	2,818,094	93.91%

Notes:

1.             Total ordinary shares in issue at the date of the meeting were 728,056,182.

2.             The poll results represent approximately 58.87% of the total number of ordinary shares in issue which carry voting rights of one vote per share.

3.             Any proxy appointments giving discretion to "the Chair of the meeting" have been included in the "For" totals above.

4.             "Withheld" is not a vote in law and therefore is excluded from the calculation of the proportion of the votes for or against a resolution.

5.             The full text of the resolutions can be found in the notice of general meeting which is available on the Company's website at www.chaarat.com.

AIM Delisting

Following approval by Shareholders at the General Meeting, the admission of the ordinary shares of $0.01 each in the capital of the Company (the "Ordinary Shares") to trading on AIM will be cancelled (the "AIM Delisting"). The AIM Delisting is expected to take place at 7.00 a.m. on 16 August 2024 and, accordingly, the last day of dealings in Ordinary Shares on AIM is expected to be 15 August 2024. Any Ordinary Shares held post de-listing (effective from 7.00am on 16 August 2024), whether in certificated form or via CREST, will be admitted to trading on the secondary trading facility as set out below.

Secondary trading facility

As announced on 22 July 2024, Asset Match, a firm Authorised and Regulated by the Financial Conduct Authority (FRN 579310), will operate an electronic off-market dealing facility for the Ordinary shares. This facility will allow existing shareholders of the Company and new investors to trade the Ordinary Shares by matching buyers and sellers through periodic auctions. 

Investors are encouraged to register on www.assetmatch.com and add Chaarat Gold Holdings Limited to their 'Watchlist' to continue to receive Company updates and auction/price information. The Asset Match trading facility operates under its own code of practice which governs the behaviour of participants and the running of the periodic auctions. Asset Match operates an open auction system where volumes of bids and offers at different prices are displayed on-screen together with the closing date of the auction. At the end of each auction period, Asset Match passes this information through a non-discretionary algorithm that determines a "market-derived" single clearing price ("Share Price") based on supply and demand and allocates transactions accordingly. Bids and offers may be made, amended and withdrawn at any time before the closing date of each auction.

Shareholders will continue to be able to hold their Ordinary Shares in uncertificated form (i.e. in CREST) and should check with their existing stockbroker whether they are willing or able to trade in unquoted shares. Shareholders wishing to trade shares through Asset Match must do so through a stockbroker. A comprehensive list of stockbrokers who have signed up to access the Asset Match platform is available on request.

Full details will be made available to Shareholders on the Company's website at www.chaarat.com. Investors may contact Asset Match in relation to any queries regarding trading via the secondary market trading facility by emailing [e-mail].

Unless otherwise indicated, defined terms in this announcement shall have the same meaning as described in the Circular.

** Ends **

Enquiries:

Chaarat Gold Holdings Limited	[phone]
David Mackenzie (Interim CEO)	[e-mail]
Strand Hanson Limited (Nominated Adviser)	[phone]
Ritchie Balmer / James Spinney / Robert Collins
Panmure Liberum Limited (Joint Broker)	[phone]
Kieron Hodgson
Axis Capital Markets Limited (Joint Broker)	[phone]
Ben Tadd / Lewis Jones
St Brides Partners Limited (Financial Public Relations)	[phone]
Susie Geliher
Asset Match Hannah Woodley / Ben Weaver	[phone]  [e-mail]

 

END