TIDMCGH

RNS Number : 7637Y

Chaarat Gold Holdings Ltd

06 January 2020

6 January 2020

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Notification of transactions of directors - Vesting of a proportion of share awards

The information contained in this notification is disclosed in accordance with the requirements of the EU Market Abuse Regulation.

Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, announces that the second tranche of share awards granted to non-executive directors has vested. This comprises one-third of the total awards of RSUs and options awarded under the Company's Management Incentive Plan as set out in its announcement of 20 September 2019. Upon delivery the shares and options will be subject to a holding period until 31 December 2020 as previously announced. The shares granted under the Management Incentive Plan are currently held in the Company's employee benefit trust. The relevant details are set out below.

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                        Hussein Barma 
               --------------------------  --------------------------------------------------------- 
 2              Reason for the notification 
               ------------------------------------------------------------------------------------- 
 a)             Position / status           Director 
               --------------------------  --------------------------------------------------------- 
 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   Vesting of a portion of restricted 
                                             share award under 2019 Management 
                                             Incentive Plan 
               --------------------------  --------------------------------------------------------- 
 c)             Currency                    GBP 
               --------------------------  --------------------------------------------------------- 
 d)             Price(s) and volume(s)       Description      Exercise   Volume 
                                               of financial     price 
                                               transaction 
                                              Shares 
                                               vested 
                                               under 2019 
                                               Incentive 
                                               Plan            0          65,861 
                                                              ---------  ------- 
               --------------------------  --------------------------------------------------------- 
 e)             Aggregated information       Description      Aggregated   Aggregated   Total 
                                               of financial     price        volume       aggregated 
                                               transaction                                price 
                                              Shares 
                                               vested 
                                               under 2019 
                                               Incentive 
                                               Plan            0            65,861       0 
                                                              -----------  -----------  ------------ 
               --------------------------  --------------------------------------------------------- 
 f)             Date of the transaction     31 December 2019 
               --------------------------  --------------------------------------------------------- 
 g)             Place of the transaction    XLON / Outside a trading venue 
               --------------------------  --------------------------------------------------------- 
 
 
            1   Details of the person discharging managerial responsibilities 
                 / person closely associated 
 a)             Name                        Robert Benbow 
               --------------------------  --------------------------------------------------------- 
 2              Reason for the notification 
               ------------------------------------------------------------------------------------- 
 a)             Position / status           Director 
               --------------------------  --------------------------------------------------------- 
 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   Vesting of a portion of restricted 
                                             share award under 2019 Management 
                                             Incentive Plan 
               --------------------------  --------------------------------------------------------- 
 c)             Currency                    GBP 
               --------------------------  --------------------------------------------------------- 
 d)             Price(s) and volume(s)       Description      Exercise   Volume 
                                               of financial     price 
                                               transaction 
                                              Shares 
                                               vested 
                                               under 2019 
                                               Incentive 
                                               Plan            0          197,584 
                                                              ---------  -------- 
               --------------------------  --------------------------------------------------------- 
 e)             Aggregated information       Description      Aggregated   Aggregated   Total 
                                               of financial     price        volume       aggregated 
                                               transaction                                price 
                                              Shares 
                                               vested 
                                               under 2019 
                                               Incentive 
                                               Plan            0            197,584      0 
                                                              -----------  -----------  ------------ 
               --------------------------  --------------------------------------------------------- 
 f)             Date of the transaction     31 December 2019 
               --------------------------  --------------------------------------------------------- 
 g)             Place of the transaction    XLON / Outside a trading venue 
               --------------------------  --------------------------------------------------------- 
 
 
            1   Details of the person discharging managerial responsibilities 
                 / person closely associated 
 a)             Name                        Robert Edwards 
               --------------------------  --------------------------------------------------------- 
            1   Reason for the notification 
               ------------------------------------------------------------------------------------- 
 a)             Position / status           Director 
               --------------------------  --------------------------------------------------------- 
 b)             Initial notification        Initial notification 
                 / amendment 
               --------------------------  --------------------------------------------------------- 
 2              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 
               --------------------------  --------------------------------------------------------- 
 3              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   Vesting of a portion of restricted 
                                             share award under 2019 Management 
                                             Incentive Plan 
               --------------------------  --------------------------------------------------------- 
 c)             Currency                    GBP 
               --------------------------  --------------------------------------------------------- 
 d)             Price(s) and volume(s)       Description      Exercise   Volume 
                                               of financial     price 
                                               transaction 
                                              Shares 
                                               vested 
                                               under 2019 
                                               Incentive 
                                               Plan            0          65,861 
                                                              ---------  ------- 
               --------------------------  --------------------------------------------------------- 
 e)             Aggregated information       Description      Aggregated   Aggregated   Total 
                                               of financial     price        volume       aggregated 
                                               transaction                                price 
                                              Shares 
                                               vested 
                                               under 2019 
                                               Incentive 
                                               Plan            0            65,861       0 
                                                              -----------  -----------  ------------ 
               --------------------------  --------------------------------------------------------- 
 f)             Date of the transaction     31 December 2019 
               --------------------------  --------------------------------------------------------- 
 g)             Place of the transaction    XLON / Outside a trading venue 
               --------------------------  --------------------------------------------------------- 
 
 
            1   Details of the person discharging managerial responsibilities 
                 / person closely associated 
 a)             Name                        Warren Gilman 
               --------------------------  --------------------------------------------------------- 
 2              Reason for the notification 
               ------------------------------------------------------------------------------------- 
 a)             Position / status           Director 
               --------------------------  --------------------------------------------------------- 
 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   Vesting of a portion of restricted 
                                             share award under 2019 Management 
                                             Incentive Plan 
               --------------------------  --------------------------------------------------------- 
 c)             Currency                    GBP 
               --------------------------  --------------------------------------------------------- 
 d)             Price(s) and volume(s)       Description      Exercise   Volume 
                                               of financial     price 
                                               transaction 
                                              Shares 
                                               vested 
                                               under 2019 
                                               Incentive 
                                               Plan            0          65,861 
                                                              ---------  ------- 
               --------------------------  --------------------------------------------------------- 
 e)             Aggregated information       Description      Aggregated   Aggregated   Total 
                                               of financial     price        volume       aggregated 
                                               transaction                                price 
                                              Shares 
                                               vested 
                                               under 2019 
                                               Incentive 
                                               Plan            0            65,861       0 
                                                              -----------  -----------  ------------ 
               --------------------------  --------------------------------------------------------- 
 f)             Date of the transaction     31 December 2019 
               --------------------------  --------------------------------------------------------- 
 g)             Place of the transaction    XLON / Outside a trading venue 
               --------------------------  --------------------------------------------------------- 
 
 
            1   Details of the person discharging managerial responsibilities 
                 / person closely associated 
 a)             Name                        Gordon Wylie 
               --------------------------  --------------------------------------------------------- 
 2              Reason for the notification 
               ------------------------------------------------------------------------------------- 
 a)             Position / status           Director 
               --------------------------  --------------------------------------------------------- 
 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   Vesting of a portion of restricted 
                                             share award under 2019 Management 
                                             Incentive Plan 
               --------------------------  --------------------------------------------------------- 
 c)             Currency                    GBP 
               --------------------------  --------------------------------------------------------- 
 d)             Price(s) and volume(s)       Description      Exercise   Volume 
                                               of financial     price 
                                               transaction 
                                              Shares 
                                               vested 
                                               under 2019 
                                               Incentive 
                                               Plan            0          131,722 
                                                              ---------  -------- 
               --------------------------  --------------------------------------------------------- 
 e)             Aggregated information       Description      Aggregated   Aggregated   Total 
                                               of financial     price        volume       aggregated 
                                               transaction                                price 
                                              Shares 
                                               vested 
                                               under 2019 
                                               Incentive 
                                               Plan            0            131,722      0 
                                                              -----------  -----------  ------------ 
               --------------------------  --------------------------------------------------------- 
 f)             Date of the transaction     31 December 2019 
               --------------------------  --------------------------------------------------------- 
 g)             Place of the transaction    XLON / Outside a trading venue 
               --------------------------  --------------------------------------------------------- 
 

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

DSHKKPBPCBKDADK

(END) Dow Jones Newswires

January 06, 2020 02:00 ET (07:00 GMT)

Chaarat Gold (LSE:CGH)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Chaarat Gold Charts.
Chaarat Gold (LSE:CGH)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Chaarat Gold Charts.