TIDMCGH

RNS Number : 9503V

Chaarat Gold Holdings Ltd

20 April 2021

20 April 2021

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

PDMR Notification - Vesting of a proportion of share awards

 
 Chaarat (AIM:CGH), the AIM-quoted gold mining company with 
  assets in the Kyrgyz Republic and Armenia, provides an update 
  on vesting and awards of certain restricted stock units ("RSUs") 
  under the Company's previously announced management incentive 
  plan (the "Plan"). 
  The third tranche of R SUs awarded to directors and persons 
  discharging managerial responsibilities ("PDMRs") vested on 
  15 April 2021. As set out in the Company's announcement of 
  20 September 2019, this comprises up to one-third of the total 
  RSUs awarded under the Plan together with a portion of share 
  awards under agreements relating to the surrender of options 
  as set out in the announcement of 8 October 2019. Furthermore, 
  some additional RSUs have been awarded under the Plan on 15 
  April 2021 which have vested immediately. 
  The vesting of the third tranche of RSUs so far as it related 
  to executive directors and other PDMRs together with the vesting 
  of the additional RSUs were subject to performance conditions 
  not all of which were fully satisfied. Where performance conditions 
  were not fully satisfied, the RSUs that did not vest have automatically 
  lapsed. 
  The relevant vesting details so far as they relate to directors 
  and other PDMRs are set out below: Vesting of Tranche 3 awards made in 2019 subject 
    to KPIs 
   Martin Andersson                              1,139,596 
   Artem Volynets                                  946,343 
   Darin Cooper                                    398,789 
   Christopher Eger                                428,098 
   Vesting of Tranche 3 awards made in 2019 not subject 
    to KPIs 
   Hussein Barma                                    65,862 
   Robert Benbow                                   197,583 
   Robert Edwards                                   65,862 
   Warren Gilman                                    65,862 
   Gordon Wylie                                    131,723 
   Vesting of awards made in 2019 for surrender of 
    options under old scheme 
   Robert Benbow                                   360,284 
   Artem Volynets                                  371,213 
   Vesting of additional awards made on 15 April 
    2021 
   Darin Cooper                                    681,265 
   Christopher Eger                                608,701 
 

In addition, 1,969,925 awards vested to employees who are not PDMRs. There are now no outstanding RSU awards under the Plan. There remain 55,027,006 share options under the Plan which are exercisable until 18 September 2024 at an exercise price of 42 pence per share.

As announced on 20 September 2019, 21,585,108 shares were issued to the Company's employee benefit trust (the "EBT") for the purposes of satisfying share awards. As has been the case with the vesting of previous share awards, the vesting of the share awards that are the subject of this announcement is being satisfied using shares held in the EBT . Following the vesting of these share awards, 1,073,490 shares will remain in the EBT.

- ends -

 
 Enquiries 
 
                                         +44 (0)20 7499 
 Chaarat Gold Holdings Limited            2612 
 Artem Volynets (CEO)                    info@chaarat.com 
 
 Canaccord Genuity Limited (NOMAD and    + 44 (0)20 7523 
  Joint Broker)                           8000 
 Henry Fitzgerald-O'Connor 
 James Asensio 
 
                                         +44 (0)20 7220 
 finnCap Limited (Joint Broker)           0500 
 Christopher Raggett 
 
 Panmure Gordon (UK) Limited (Joint      +44 (0)20 7886 
  Broker)                                 2500 
 John Prior 
  Hugh Rich 
 
 
 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 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                          Martin Andersson 
              ----------------------------  --------------------------------------------------------- 
 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          1,139,596 
                                                               ---------  ---------- 
              ----------------------------  --------------------------------------------------------- 
 e)            Aggregated information         Description      Aggregated   Aggregated   Total 
                                                of financial     price        volume       aggregated 
                                                transaction                                price 
                                               Shares 
                                                vested 
                                                under 2019 
                                                Incentive 
                                                Plan            0            1,139,596    0 
                                                               -----------  -----------  ------------ 
              ----------------------------  --------------------------------------------------------- 
 f)            Date of the transaction       15 April 2021 
              ----------------------------  --------------------------------------------------------- 
 g)            Place of the transaction      XLON / Outside a trading venue 
              ----------------------------  --------------------------------------------------------- 
 1      Details of the person discharging managerial responsibilities 
         / person closely associated 
       ------------------------------------------------------------------------------------------------ 
 a)     Name                              Artem Volynets 
       --------------------------------  -------------------------------------------------------------- 
 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          946,343 
                                                            ---------  -------- 
       --------------------------------  -------------------------------------------------------------- 
 e)     Aggregated information             Description      Aggregated   Aggregated   Total 
                                             of financial     price        volume       aggregated 
                                             transaction                                price 
                                            Shares 
                                             vested 
                                             under 2019 
                                             Incentive 
                                             Plan            0            946,343      0 
                                                            -----------  -----------  ------------ 
       --------------------------------  -------------------------------------------------------------- 
 f)     Date of the transaction           15 April 2021 
       --------------------------------  -------------------------------------------------------------- 
 g)     Place of the transaction          XLON / Outside a trading venue 
       --------------------------------  -------------------------------------------------------------- 
 
 
 
 1        Details of the person discharging managerial responsibilities 
           / person closely associated 
 a)       Name                             Darin Cooper 
         -------------------------------  --------------------------------------------------------- 
 2        Reason for the notification 
         ------------------------------------------------------------------------------------------ 
 a)       Position / status                Person discharging managerial responsibilities 
         -------------------------------  --------------------------------------------------------- 
 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 financial     Ordinary shares of US$0.01 each 
           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          398,789 
                                                             ---------  -------- 
         -------------------------------  --------------------------------------------------------- 
 e)       Aggregated information            Description      Aggregated   Aggregated   Total 
                                              of financial     price        volume       aggregated 
                                              transaction                                price 
                                             Shares 
                                              vested 
                                              under 2019 
                                              Incentive 
                                              Plan            0            398,789      0 
                                                             -----------  -----------  ------------ 
         -------------------------------  --------------------------------------------------------- 
 f)       Date of the transaction          15 April 2021 
         -------------------------------  --------------------------------------------------------- 
 g)       Place of the transaction         XLON / Outside a trading venue 
         -------------------------------  --------------------------------------------------------- 
 1      Details of the person discharging managerial responsibilities 
         / person closely associated 
       ---------------------------------------------------------------------------------------------- 
 a)     Name                            Christopher Eger 
       ------------------------------  -------------------------------------------------------------- 
 3      Reason for the notification 
       ---------------------------------------------------------------------------------------------- 
 a)     Position / status               Person discharging managerial responsibilities 
       ------------------------------  -------------------------------------------------------------- 
 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          428,098 
                                                          ---------  -------- 
       ------------------------------  -------------------------------------------------------------- 
 e)     Aggregated information           Description      Aggregated   Aggregated   Total 
                                           of financial     price        volume       aggregated 
                                           transaction                                price 
                                          Shares 
                                           vested 
                                           under 2019 
                                           Incentive 
                                           Plan            0            428,098      0 
                                                          -----------  -----------  ------------ 
       ------------------------------  -------------------------------------------------------------- 
 f)     Date of the transaction         15 April 2021 
       ------------------------------  -------------------------------------------------------------- 
 g)     Place of the transaction        XLON / Outside a trading venue 
       ------------------------------  -------------------------------------------------------------- 
 
 
 
 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          65,862 
                                                                ---------  ------- 
               ----------------------------  --------------------------------------------------------- 
 e)             Aggregated information         Description      Aggregated   Aggregated   Total 
                                                 of financial     price        volume       aggregated 
                                                 transaction                                price 
                                                Shares 
                                                 vested 
                                                 under 2019 
                                                 Incentive 
                                                 Plan            0            65,862       0 
                                                                -----------  -----------  ------------ 
               ----------------------------  --------------------------------------------------------- 
 f)             Date of the transaction       15 April 2021 
               ----------------------------  --------------------------------------------------------- 
 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 a restricted 
                                               share award under an award/surrender 
                                               agreement 
               ----------------------------  --------------------------------------------------------- 
 c)             Currency                      GBP 
               ----------------------------  --------------------------------------------------------- 
 d)             Price(s) and volume(s)         Description      Exercise   Volume 
                                                 of financial     price 
                                                 transaction 
                                                Shares 
                                                 vested 
                                                 under 2019 
                                                 Incentive 
                                                 Plan            0          360,284 
                                                                ---------  -------- 
               ----------------------------  --------------------------------------------------------- 
 e)             Aggregated information         Description      Aggregated   Aggregated   Total 
                                                 of financial     price        volume       aggregated 
                                                 transaction                                price 
                                                Shares 
                                                 vested 
                                                 under 2019 
                                                 Incentive 
                                                 Plan            0            360,284      0 
                                                                -----------  -----------  ------------ 
               ----------------------------  --------------------------------------------------------- 
 f)             Date of the transaction       15 April 2021 
               ----------------------------  --------------------------------------------------------- 
 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          197,583 
                                                                ---------  -------- 
               ----------------------------  --------------------------------------------------------- 
 e)             Aggregated information         Description      Aggregated   Aggregated   Total 
                                                 of financial     price        volume       aggregated 
                                                 transaction                                price 
                                                Shares 
                                                 vested 
                                                 under 2019 
                                                 Incentive 
                                                 Plan            0            197,583      0 
                                                                -----------  -----------  ------------ 
               ----------------------------  --------------------------------------------------------- 
 f)             Date of the transaction       15 April 2021 
               ----------------------------  --------------------------------------------------------- 
 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 
               ----------------------------  --------------------------------------------------------- 
 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          65,862 
                                                                ---------  ------- 
               ----------------------------  --------------------------------------------------------- 
 e)             Aggregated information         Description      Aggregated   Aggregated   Total 
                                                 of financial     price        volume       aggregated 
                                                 transaction                                price 
                                                Shares 
                                                 vested 
                                                 under 2019 
                                                 Incentive 
                                                 Plan            0            65,862       0 
                                                                -----------  -----------  ------------ 
               ----------------------------  --------------------------------------------------------- 
 f)             Date of the transaction       15 April 2021 
               ----------------------------  --------------------------------------------------------- 
 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          65,862 
                                                                ---------  ------- 
               ----------------------------  --------------------------------------------------------- 
 e)             Aggregated information         Description      Aggregated   Aggregated   Total 
                                                 of financial     price        volume       aggregated 
                                                 transaction                                price 
                                                Shares 
                                                 vested 
                                                 under 2019 
                                                 Incentive 
                                                 Plan            0            65,862       0 
                                                                -----------  -----------  ------------ 
               ----------------------------  --------------------------------------------------------- 
 f)             Date of the transaction       15 April 2021 
               ----------------------------  --------------------------------------------------------- 
 g)             Place of the transaction      XLON / Outside a trading venue 
               ----------------------------  --------------------------------------------------------- 
 1              Details of the person discharging managerial responsibilities 
                 / person closely associated 
               --------------------------------------------------------------------------------------- 
 a)             Name                          Artem Volynets 
               ----------------------------  --------------------------------------------------------- 
 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 restricted share award 
                                               under an award/surrender agreement 
               ----------------------------  --------------------------------------------------------- 
 c)             Currency                      GBP 
               ----------------------------  --------------------------------------------------------- 
 d)             Price(s) and volume(s)         Description      Exercise   Volume 
                                                 of financial     price 
                                                 transaction 
                                                Shares 
                                                 vested 
                                                 under 2019 
                                                 Incentive 
                                                 Plan            0          371,213 
                                                                ---------  -------- 
               ----------------------------  --------------------------------------------------------- 
 e)             Aggregated information         Description      Aggregated   Aggregated   Total 
                                                 of financial     price        volume       aggregated 
                                                 transaction                                price 
                                                Shares 
                                                 vested 
                                                 under 2019 
                                                 Incentive 
                                                 Plan            0            371,213      0 
                                                                -----------  -----------  ------------ 
               ----------------------------  --------------------------------------------------------- 
 f)             Date of the transaction       15 April 2021 
               ----------------------------  --------------------------------------------------------- 
 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          131,723 
                                                                ---------  -------- 
               ----------------------------  --------------------------------------------------------- 
 e)             Aggregated information         Description      Aggregated   Aggregated   Total 
                                                 of financial     price        volume       aggregated 
                                                 transaction                                price 
                                                Shares 
                                                 vested 
                                                 under 2019 
                                                 Incentive 
                                                 Plan            0            131,723      0 
                                                                -----------  -----------  ------------ 
               ----------------------------  --------------------------------------------------------- 
 f)             Date of the transaction       15 April 2021 
               ----------------------------  --------------------------------------------------------- 
 g)             Place of the transaction      XLON / Outside a trading venue 
               ----------------------------  --------------------------------------------------------- 
 1              Details of the person discharging managerial responsibilities 
                 / person closely associated 
               --------------------------------------------------------------------------------------- 
 a)             Name                          Darin Cooper 
               ----------------------------  --------------------------------------------------------- 
 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     Grant of a 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          681,265 
                                                                ---------  -------- 
               ----------------------------  --------------------------------------------------------- 
 e)             Aggregated information         Description      Aggregated   Aggregated   Total 
                                                 of financial     price        volume       aggregated 
                                                 transaction                                price 
                                                Shares 
                                                 vested 
                                                 under 2019 
                                                 Incentive 
                                                 Plan            0            681,265      0 
                                                                -----------  -----------  ------------ 
               ----------------------------  --------------------------------------------------------- 
 f)             Date of the transaction       15 April 2021 
               ----------------------------  --------------------------------------------------------- 
 g)             Place of the transaction      XLON / Outside a trading venue 
               ----------------------------  --------------------------------------------------------- 
 1              Details of the person discharging managerial responsibilities 
                 / person closely associated 
               --------------------------------------------------------------------------------------- 
 a)             Name                          Christopher Eger 
               ----------------------------  --------------------------------------------------------- 
 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     Grant of a 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          608,701 
                                                                ---------  -------- 
               ----------------------------  --------------------------------------------------------- 
 e)             Aggregated information         Description      Aggregated   Aggregated   Total 
                                                 of financial     price        volume       aggregated 
                                                 transaction                                price 
                                                Shares 
                                                 vested 
                                                 under 2019 
                                                 Incentive 
                                                 Plan            0            608,701      0 
                                                                -----------  -----------  ------------ 
               ----------------------------  --------------------------------------------------------- 
 f)             Date of the transaction       15 April 2021 
               ----------------------------  --------------------------------------------------------- 
 g)             Place of the transaction      XLON / Outside a trading venue 
               ----------------------------  --------------------------------------------------------- 
 1        Details of the person discharging managerial responsibilities 
           / person closely associated 
         --------------------------------------------------------------------------------------------- 
 a)       Name                                Darin Cooper 
         ----------------------------------  --------------------------------------------------------- 
 4        Reason for the notification 
         --------------------------------------------------------------------------------------------- 
 a)       Position / status                   Person discharging managerial responsibilities 
         ----------------------------------  --------------------------------------------------------- 
 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 financial        Ordinary shares of US$0.01 each 
           instrument, type of 
           instrument 
          Identification code                 VGG203461055 
         ----------------------------------  --------------------------------------------------------- 
 b)       Nature of the transaction           Vesting of a 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          681,265 
                                                                ---------  -------- 
         ----------------------------------  --------------------------------------------------------- 
 e)       Aggregated information               Description      Aggregated   Aggregated   Total 
                                                 of financial     price        volume       aggregated 
                                                 transaction                                price 
                                                Shares 
                                                 vested 
                                                 under 2019 
                                                 Incentive 
                                                 Plan            0            681,265      0 
                                                                -----------  -----------  ------------ 
         ----------------------------------  --------------------------------------------------------- 
 f)       Date of the transaction             15 April 2021 
         ----------------------------------  --------------------------------------------------------- 
 g)       Place of the transaction            XLON / Outside a trading venue 
         ----------------------------------  --------------------------------------------------------- 
 1      Details of the person discharging managerial responsibilities 
         / person closely associated 
       ------------------------------------------------------------------------------------------------- 
 a)     Name                               Christopher Eger 
       ---------------------------------  -------------------------------------------------------------- 
 5      Reason for the notification 
       ------------------------------------------------------------------------------------------------- 
 a)     Position / status                  Person discharging managerial responsibilities 
       ---------------------------------  -------------------------------------------------------------- 
 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 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          608,701 
                                                             ---------  -------- 
       ---------------------------------  -------------------------------------------------------------- 
 e)     Aggregated information              Description      Aggregated   Aggregated   Total 
                                              of financial     price        volume       aggregated 
                                              transaction                                price 
                                             Shares 
                                              vested 
                                              under 2019 
                                              Incentive 
                                              Plan            0            608,701      0 
                                                             -----------  -----------  ------------ 
       ---------------------------------  -------------------------------------------------------------- 
 f)     Date of the transaction            15 April 2021 
       ---------------------------------  -------------------------------------------------------------- 
 g)     Place of the transaction           XLON / Outside a trading venue 
       ---------------------------------  -------------------------------------------------------------- 
 
 

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April 20, 2021 02:00 ET (06:00 GMT)

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