Chaarat Gold Holdings Ltd Holding in Company (1247W)
December 09 2019 - 2:00AM
UK Regulatory
TIDMCGH
RNS Number : 1247W
Chaarat Gold Holdings Ltd
09 December 2019
9 December 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, 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 230,324 Chaarat shares on the market at an
aggregate share price of approximately 29.4 pence per share on 5
December 2019 and 230,000 Chaarat shares on the market at an
aggregate share price of approximately 29.6 pence per share on 6
December 2019.
Following this purchase Labro Investments Limited held
164,366,870 Shares, representing 35.06% of the issued share capital
of the Company.
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)
-------------------------------- -------------- ------------
0.2900000 25,000
0.2980000 25,000
0.2940000 28,000
0.2980000 30,000
0.2901935 31,000
0.2900000 45,500
0.2980000 45,824
-------------------------------------------- -------------- ------------ ---
e) Aggregated information 230,324
* Aggregated volume 29.40143 pence
GBP 67,718.55
* Aggregated price
* Aggregated total
---------------------------------------- --------------------------------------
f) Date of the transaction 5 December 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)
------------------------------------ ------------------- ----------------
0.2900000 20,000
0.3020000 30,000
0.2985000 20,000
0.2900000 50,000
0.2900000 20,000
0.2960000 30,000
0.2900000 20,000
0.3040000 40,000
------------------------------------------------------------- ----------------
e) Aggregated information 230,000
* Aggregated volume 29.55220 pence
GBP 67,970.00
* Aggregated price
* Aggregated total
---------------------------------------------------------- -----------------------
f) Date of the transaction 6 December 2019
------------------------------------ ----------------------------------------
g) Place of the transaction XLON
------------------------------------ ----------------------------------------
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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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