Chaarat Gold Holdings Ltd Director/PDMR Shareholding (1322X)
February 17 2017 - 2:00AM
UK Regulatory
TIDMCGH
RNS Number : 1322X
Chaarat Gold Holdings Ltd
17 February 2017
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Director/PDMR shareholding
Road Town, Tortola, British Virgin Islands (17(th) February
2017)
Chaarat (AIM - CGH), the AIM quoted exploration and development
company with assets in the Kyrgyz Republic, was informed on 16(th)
February that as of that day Labro Investments Limited ("Labro")
held 118,946,252 ordinary shares of US$ 0.01 each, representing 34%
of the issued share capital of the Company, following purchases on
15(th) February of 200,000 ordinary shares at a price of 15.00
pence per share, 50,000 ordinary shares at a price of 15.25 pence
per share, 75,000 ordinary shares at a price of 15.50 pence per
share, 50,000 ordinary shares at a price of 15.75 pence per share,
75,000 ordinary shares at a price of 16.00 pence per share, 50,000
ordinary shares at a price of 16.75 pence per share and 25,000
ordinary shares at a price of 17.00 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 5,804,650 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 info@chaarat.com
Limited
Dekel Golan CEO
Linda Naylor FD
Numis Securities Limited +44 (0) 20 7260 1000
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 Initial notification
/ amendment
--------- ------------------------------- --------------------------------------------
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 Ordinary shares of US$0.01
the financial each
instrument, type
of instrument
---------
Identification VGG203461055
code
--------- ------------------------------- ----------------------- -----------------
b) Nature of the Acquisition of ordinary
transaction shares in the market
--------- ------------------------------- --------------------------------------------
c) Currency GBP
--------- ------------------------------- --------------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
--------- ------------------------------- ---------------------- -----------------
15.750 50,000
16.000 50,000
15.000 100,000
15.250 50,000
15.500 25,000
15.500 50,000
15.000 100,000
17.000 25,000
16.750 50,000
16.000 25,000
---------------------------------------------------------------- -----------------
e) Aggregated information
* Aggregated volume
525,000
15.57143 pence
* Aggregated price GBP 81,750.00
* Aggregated total
-------------------------------------------------------- -----------------------------
f) Date of the transaction 15 February 2017
--------- ------------------------------- --------------------------------------------
g) Place of the transaction XLON
--------- ------------------------------- --------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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