Chaarat Gold Holdings Ltd Issuance of shares and holding in Company (3428G)
July 23 2019 - 2:00AM
UK Regulatory
TIDMCGH
RNS Number : 3428G
Chaarat Gold Holdings Ltd
23 July 2019
23 July 2019
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Issuance of shares in Company and holding in Company
Chaarat (AIM:CGH), the AIM-quoted gold mining company with
assets in the Kyrgyz Republic and Armenia, announces that it has
issued 1,496,556 ordinary shares of US$0.01 each ("New Ordinary
Shares"). These comprise:
-- 250,000 New Ordinary Shares issued to Labro Investments
Limited ("Labro") pursuant to a guarantee fee agreement announced
by the Company on 31 January 2019 (RNS number 7446O);
-- 34,435 New Ordinary Shares issued to Labro pursuant to a
drawdown made by the Company on 29 March 2019 on a committed
revolving term loan facility with Labro announced by the Company on
14 December 2018 (RNS number 5046K); and
-- 1,212,121 New Ordinary Shares issued to remunerate a former
board member for services provided to the Company.
An application will shortly be made to the London Stock Exchange
for the New Ordinary Shares to be admitted to trading on AIM, and
it is expected that admission will become effective and trading of
the New Ordinary Shares will commence on or around 8:00am (London
time) on 26 July 2019.
Following the admission of the New Ordinary Shares:
-- the Company's enlarged issued share capital will comprise
403,591,134 ordinary shares of US$0.01 each. This figure may be
used by shareholders of the Company as the denominator for the
calculations by which they will determine whether they are required
to notify their interests in, or a change to their interest in, the
Company under the Financial Conduct Authority's Disclosure Guidance
and Transparency Rules Sourcebook; and
-- Labro will hold 140,126,404 ordinary shares of $0.01 each,
representing 34.72% of the issued share capital of the Company.
Martin Andersson (the executive chairman of Chaarat) is directly
beneficially interested in the majority of the shares in Labro.
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 Entity closely associated with Martin
Andersson, the executive chairman
of Chaarat Gold Holdings Limited
------------------------------------- ----------------------------------------------
b) Initial notification Amendment
/ 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 Remuneration in shares under a guarantee
fee agreement
------------------------------------- ----------------------------------------------
c) Currency GBP
------------------------------------- ----------------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------- --------------------- --------------------
33p 250,000
------------------------------------------ --------------------- --------------------
e) Aggregated information 250,000
* Aggregated volume 33p
GBP82,500
* Aggregated price
* Aggregated total
-------------------------------------- --------------------------------------------------
f) Date of the transaction 16 May 2019
------------------------------------- ----------------------------------------------
g) Place of the transaction XLON
------------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Labro Investments Limited
------------------------------------- ----------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------
a) Position / status Entity closely associated with Martin
Andersson, the executive chairman
of Chaarat Gold Holdings Limited
------------------------------------- ----------------------------------------------
b) Initial notification Initial
/ 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 Remuneration in shares under a committed
revolving term loan facility agreement
------------------------------------- ----------------------------------------------
c) Currency GBP
------------------------------------- ----------------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------- --------------------- --------------------
33p 34,435
---------------------------------------------------- --------------------- --------------------
e) Aggregated information 34,435
* Aggregated volume 33p
GBP11,363.55
* Aggregated price
* Aggregated total
-------------------------------------- ------------------------------------------------------------
f) Date of the transaction 16 May 2019
------------------------------------- ----------------------------------------------
g) Place of the transaction XLON
------------------------------------- ----------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCUUORRKRABUUR
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