Chaarat Gold Holdings Ltd Holding(s) in Company (2776S)
November 05 2019 - 2:00AM
UK Regulatory
TIDMCGH
RNS Number : 2776S
Chaarat Gold Holdings Ltd
05 November 2019
5 November 2019
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Holding in Company; correction to holding in Company
Chaarat (AIM:CGH), the AIM-quoted gold mining company with
assets in the Kyrgyz Republic and Armenia, has been informed that
Labro Investments Limited, in which the Company's Chairman Martin
Andersson is indirectly beneficially interested in the majority of
shares, purchased 25,000 Chaarat shares on the market at an
aggregate share price of approximately 38.3 pence per share on 4
November 2019.
Following this purchase Labro Investments Limited held
161,027,975 Shares, representing 35.33% of the issued share capital
of the Company.
In the introduction to the Holding(s) in Company announcement
published on 4 November 2019 (RNS number: 1139S) the total number
of shares purchased by Labro Investments Limited on 30 October 2019
was overstated by 90 shares; the correct total number of shares
held by Labro Investments Limited was 146,631,065. This
overstatement was also reflected in the Exercise of warrants
announcement (RNS number: 1140S) published on 4 November 2019; the
correct total number of shares held by Labro Investments Limited
was 161,002,975.
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)
SP Angel +44 (0) 20 3470 0470
Ewan Leggat (Joint Broker)
Tavistock
Charles Vivian +44 (0)20 7920 3150
Gareth Tredway chaarat@tavistock.co.uk
Barney Hayward
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)
-------------------------------- -------------- ------------
0.3840000 10,000
0.3820000 15,000
-------------------------------------------- -------------- ------------ ---
e) Aggregated information 25,000
* Aggregated volume 38.28000 pence
GBP 9,570.00
* Aggregated price
* Aggregated total
---------------------------------------- --------------------------------------
f) Date of the transaction 4 November 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
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