TIDMCGH

RNS Number : 8761Z

Chaarat Gold Holdings Ltd

27 January 2022

27 January 2022

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Director/PDMR Shareholding

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 been informed that Labro Investments Limited ("Labro"), the majority of shares in which the Company's Chairman, Martin Andersson, is indirectly beneficially interested, has made the following market purchases of ordinary shares of US$0.01 each in the capital of the Company ("Ordinary Shares"):

 
 --   on 25 J anuary 2022, 466,851 Ordinary Shares at an aggregate 
       price of approximately 19.28 pence per Ordinary Share; 
       and 
 --   on 26 January 2022, 162,615 Ordinary Shares at an aggregate 
       price of approximately 19.00 pence per Ordinary Share. 
 

Following these purchases, Labro now holds 305,773,799 Ordinary Shares, representing 44.34% of the Company's issued share capital. The combined holding of Labro and Martin Andersson is now 312,743,391 Ordinary Shares representing 45.35% of the Company's issued share capital.

- ends -

 
 Enquiries 
 
                                         +44 (0)20 7499 
 Chaarat Gold Holdings Limited            2612 
 Patrick Henze (Investor Relations)      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 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 forms

 
           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) 
                --------------------------------          --------------  ------------ 
                                                           0.1930000       437,807 
                                                            0.1900000       29,044 
  ------------------------------------------------------  --------------  ------------  --- 
 e)              Aggregated information 
    *    Aggregated volume           466,851 
     19.28134 pence 
     GBP 90,015.11 
    *    Aggregated price 
 
 
    *    Aggregated total 
 ----------------------------------------  ------------------------------------------------ 
 f)              Date of the transaction           25 January 2022 
                --------------------------------  ----------------------------------------- 
 g)              Place of the transaction          XLON 
                --------------------------------  ----------------------------------------- 
 
 
           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) 
                -------------------------------------   -----------------  ----------------- 
                                                         0.1899938          162,615 
  ----------------------------------------------------  -----------------  ----------------- 
 e)              Aggregated information 
    *    Aggregated volume                162,615 
     18.99938 pence 
     GBP 30,895.84 
    *    Aggregated price 
 
 
    *    Aggregated total 
 --------------------------------------  ----------------------------------------------------- 
 f)              Date of the transaction                26 January 2022 
                -------------------------------------  --------------------------------------- 
 g)              Place of the transaction               XLON 
                -------------------------------------  --------------------------------------- 
 
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