Chaarat Gold Holdings Ltd Director's dealings (3540T)
October 03 2014 - 2:00AM
UK Regulatory
TIDMCGH
RNS Number : 3540T
Chaarat Gold Holdings Ltd
03 October 2014
Chaarat Gold Holdings Limited
("Chaarat" or "the Company")
Director's dealings
Road Town, Tortola, British Virgin Islands (3(rd) October
2014).
Chaarat (AIM:CGH) was notified on 2(nd) October, that on 1(st)
October, Mada Limited, on behalf of Dekel Golan, sold 545,064
ordinary shares of US$0.01 each ("Shares") in the Company at a
price of 16p per share. Following this transaction, Dekel Golan has
a beneficial interest in 14,075,691 Shares representing
approximately 5.62% of Chaarat's issued share capital.
Dekel Golan, CEO of Chaarat, comments: "I am fully aware
shareholders may be concerned that as CEO of Chaarat I am selling
some shares after building my stake for the last 12 years. However,
I am forced for personal reasons and with great regret to sell a
small parcel of shares, which represent less than 0.25% of
Chaarat's issued capital. I remain the largest private investor in
Chaarat. The timing of this sale relates to the fact that this is
the first opportunity I have had to trade since the end of the
latest close period following the publication of the interim
results."
Chaarat's directors now hold 13.48% of the Company's issued
share capital.
Enquiries:
Chaarat Gold Holdings Limited + 44 23 800 11747
c/o Central Asia Services Limited info@chaarat.com
Dekel Golan CEO
Linda Naylor FD
Numis Securities Limited +44 (0) 20 7260 1000
John Prior, Paul Gillam (NOMAD)
James Black (Broker)
NOTES TO EDITORS:
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 preparing a
Definitive Feasibility Study (DFS) and continuing its 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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