Chaarat Gold Holdings Ltd Holding(s) in Company (7940X)
February 24 2017 - 4:31AM
UK Regulatory
TIDMCGH
RNS Number : 7940X
Chaarat Gold Holdings Ltd
24 February 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
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1. Identity of the issuer or
the underlying issuer of existing Chaarat Gold Holdings Limited
shares to which voting rights
are attached: ii
-------------------------------------------------------- ------------------------------------------------------------
2 Reason for the notification (please tick the appropriate
box or boxes):
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An acquisition or disposal of voting rights ü
-------------------------------------------------------------------------------------------------------------- ------
An acquisition or disposal of qualifying financial
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
-------------------------------------------------------------------------------------------------------------- ------
An acquisition or disposal of instruments with
similar economic effect to qualifying financial
instruments
-------------------------------------------------------------------------------------------------------------- ------
An event changing the breakdown of voting rights
-------------------------------------------------------------------------------------------------------------- ------
Other (please Acquisition of voting rights and financial
specify): instruments with a similar economic effect
to qualifying financial instruments pursuant
to a distribution in specie
---------------------------------------------------- -------------------------------------------------------- ------
3. Full name of person(s) Labro Investments Limited
subject to the notification
obligation: iii
------------------------------------------------------ --------------------------------------------------------------
4. Full name of shareholder(s)
(if different from 3.):iv
------------------------------------------------------ --------------------------------------------------------------
5. Date of the transaction
and date on which the threshold 22 February 2017
is crossed or reached: v
------------------------------------------------------ --------------------------------------------------------------
6. Date on which issuer notified: 22 February 2017
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7. Threshold(s) that is/are
crossed or reached: vi, vii Above 34% in voting rights
------------------------------------------------------ --------------------------------------------------------------
8. Notified details:
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A: Voting rights attached to shares viii, ix
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Class/type Situation previous Resulting situation after the
of shares to the triggering triggering transaction
transaction
if possible
using the
ISIN CODE
------------- ------------------------------------ -------------------------------------------------------------------------
Number Number Number Number of voting % of voting
of Shares of Voting of shares rights rights x
Rights
------------- ----------------- ----------------- ----------------- ---------------------------- ------------------------
Direct Direct Indirect Direct Indirect
xi xii
------------- ------------- ------------- ----------------- --------------- ----------- ---------- ------------
VGG203461055
-----------
Ordinary
shares of
US$0.01 each 119,458,517 119,458,517 120,058,517 120,058,517 N/A 34.1% N/A
------------- ----------------- ----------------- ----------------- --------------- ----------- ---------- ------------
B: Qualifying Financial Instruments
------------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
------------------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Conversion Number of voting % of voting
financial date xiii Period xiv rights that rights
instrument may be acquired
if the instrument
is exercised/
converted.
----------------- --------------- ------------------------------------ ---------------------------- ----------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments
xv, xvi
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Resulting situation after the triggering transaction
------------------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date xvii Conversion rights instrument rights xix,
instrument period refers to xx
xviii
--------------- --------------- --------------- ----------------- ------------------------------ ------------------------
Warrants to 15p per 17 To 17 Nominal Delta
subscribe new ordinary December December
for new share 2019 2019
ordinary
shares of
$0.01 each
--------------- --------------- --------------- ----------------- ------------ ----------
21,367,521 6.1%
------------- ------------- ------------- ------------- ------------------------------ ------------ ----------
Total (A+B+C)
------------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
----------------------------------------------------- -----------------------------------------------------------------------
141,426,038 40.2%
----------------------------------------------------- -----------------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the financial instruments are
effectively held, if applicable: xxi
---------------------------------------------------------------------------------
Labro Investments Limited is majority owned by Kleber
Private Trust Company Limited, acting as trustees for
and on behalf of a family trust. Martin Andersson is
indirectly beneficially interested in the majority
of the shares.
---------------------------------------------------------------------------------
Proxy Voting:
---------------------------------------------------------------------------------
10. Name of the proxy holder: N/A
------------------------------------------------- ------------------------------
11. Number of voting rights proxy
holder will cease to hold: N/A
------------------------------------------------- ------------------------------
12. Date on which proxy holder will
cease to hold voting rights: N/A
------------------------------------------------- ------------------------------
The percentage of voting
13. Additional information: rights is based on the total
shares in issue number of
351,775,832 ordinary shares
as at 23 December 2016 as
set out in the share capital
section at the Chaarat Gold
Holdings Limited website
www.chaarat.com.
------------------------------------------------- ------------------------------
14. Contact name: Edward Allanby
------------------------------------------------- ------------------------------
15. Contact telephone number: +1 441 296 0541
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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