TIDMCGH

RNS Number : 6233Z

Chaarat Gold Holdings Ltd

21 September 2020

21 September 2020

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Holding in Company

Chaarat (AIM:CGH), the AIM-quoted gold mining Company with an operating mine in Armenia and assets at various stages of development in the Kyrgyz Republic, has today been informed that Labro Investments Limited ("Labro"), the majority of shares in which the Company's Chairman, Martin Andersson, is indirectly beneficially interested, purchased 117,224 ordinary shares of US$0.01 each in the capital of the Company ("Ordinary Shares") in the market at an aggregate share price of approximately 37.07 pence per Ordinary Share on 18 September 2020.

Following this purchase, Labro now holds 203,592,573 Ordinary Shares, representing 38.81% of the Company's issued share capital. The combined holding of Labro and Martin Andersson is now 209,422,569 Ordinary Shares representing 39.92% of the Company's issued share capital.

- ends -

 
 Enquiries 
                                                  +44 (0)20 7499 
 Chaarat Gold Holdings Limited                     2612 
 Artem Volynets (CEO)                             info@chaarat.com 
 Canaccord Genuity Limited (NOMAD and Joint       + 44 (0)20 7523 
  Broker)                                          8000 
 Henry Fitzgerald-O'Connor 
 James Asensio 
                                                  +44 (0)20 7220 
 finnCap Limited (Joint Broker)                    0500 
 Christopher Raggett 
                                                  + 44 (0)20 3470 
 SP Angel Corporate Finance LLP (Joint Broker)     0470 
 Ewan Leggatt 
 
 

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/ .

Appendix - PDMR form

 
           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) 
                ---------------------------------         --------------  ------------- 
                                                           0.3694215       50,000 
                                                            0.3697766       42,224 
                                                            0.3750000       25,000 
  ------------------------------------------------------  --------------  ------------- 
 e)              Aggregated information 
    *    Aggregated volume            117,224 
     37.07392 pence 
     GBP 43,459.53 
    *    Aggregated price 
 
 
    *    Aggregated total 
 ----------------------------------------  ------------------------------------------------ 
 f)              Date of the transaction            18 September 2020 
                ---------------------------------  ---------------------------------------- 
 g)              Place of the transaction           XLON 
                ---------------------------------  ---------------------------------------- 
 

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END

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