Chaarat Gold Holdings Ltd Holding in Company (0365A)
May 24 2019 - 2:00AM
UK Regulatory
TIDMCGH
RNS Number : 0365A
Chaarat Gold Holdings Ltd
24 May 2019
24 May 2019
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Holding in Company
Chaarat (AIM:CGH), the AIM-quoted gold mining company with
assets in the Kyrgyz Republic and Armenia, was informed that on 23
May 2019 Labro Investments Limited held 139,147,717 Shares,
representing 34.61% of the issued share capital of the Company
following the purchase of 476,798 Shares at an aggregate share
price of 29.8 pence per share on 21 May 2019 and 333,617 Shares at
an aggregate share price of 31.6 pence per share on 22 May 2019.
Martin Andersson (the Executive Chairman of Chaarat) is indirectly
beneficially interested in the majority of shares in Labro
Investments Limited.
Enquiries
Chaarat Gold Holdings
Limited
Artem Volynets (CEO) +44 (0)20 7499 2612
info@chaarat.com
Numis Securities Limited
John Prior, Paul Gillam
(NOMAD) +44 (0) 20 7260 1000
James Black (Corporate
Broking)
Powerscourt
Conal Walsh +44 (0)20 7250 1446
Sam Austrums chaarat@powerscourt-group.com
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 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 the Ordinary shares of US$0.01 each
financial instrument,
type of instrument
Identification code VGG203461055
-------------------------------- -----------------------------------------
b) Nature of the transaction Acquisition of ordinary shares in
the market
-------------------------------- -----------------------------------------
c) Currency GBP
-------------------------------- -----------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------- -------------- ------------
0.2960000 100,000
0.2954180 100,000
0.2978282 150,000
0.2955881 50,000
0.2991305 53,073
0.3114710 23,725
-------------------------------------------- -------------- ------------ ---
e) Aggregated information 476,798
* Aggregated volume 29.75282 pence
GBP 141,860.84
* Aggregated price
* Aggregated total
---------------------------------------- --------------------------------------
f) Date of the transaction 21 May 2019
-------------------------------- -----------------------------------------
g) Place of the transaction XLON
-------------------------------- -----------------------------------------
5 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Labro Investments Limited
-------------------------------- -----------------------------------------
6 Reason for the notification
---------------------------------------------------------------------------
a) Position / status Person/Entity closely associated
with the Chairman
-------------------------------- -----------------------------------------
b) Initial notification Initial notification
/ amendment
-------------------------------- -----------------------------------------
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 Ordinary shares of US$0.01 each
financial instrument,
type of instrument
Identification code VGG203461055
-------------------------------- -----------------------------------------
b) Nature of the transaction Acquisition of ordinary shares in
the market
-------------------------------- -----------------------------------------
c) Currency GBP
-------------------------------- -----------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------- -------------- ------------
0.3200000 25,000
0.3180000 100,000
0.3180000 50,000
0.3140000 100,000
0.3110134 58,617
-------------------------------------------- -------------- ------------ ---
e) Aggregated information 333,617
* Aggregated volume 31.57233 pence
GBP 105,330.67
* Aggregated price
* Aggregated total
---------------------------------------- --------------------------------------
f) Date of the transaction 22 May 2019
-------------------------------- -----------------------------------------
g) Place of the transaction XLON
-------------------------------- -----------------------------------------
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END
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