Chagala Group Limited Sale of Shares (6267O)
November 08 2016 - 7:16AM
UK Regulatory
TIDMCGLO
RNS Number : 6267O
Chagala Group Limited
08 November 2016
Press Release
For: Chagala Group
Date: November 8, 2016
Re: Sale of Shares
Hong Kong - Chagala Group Limited (the "Company"), the
London-listed specialist services and facilities provider to the
oil and gas industry in Kazakhstan (symbol: CGLO), announces that
the Company has notification that Salink Limited (the trading
company of East Capital Deep Value Fund) sold 1,256,000 depositary
interests in respect of shares in the Company representing 6.02% of
the total voting rights the Company at a price of $1.55 per share
on 24 October 2016.
After this transaction, Salink Limited holds no direct or
indirect interests over any shares or voting rights in the
Company.
Although the Company understands that Salink Limited submitted a
notification of the sale tothe Company on 24 October 2016, the
Company received such notification on 8 November 2016.
For details please see attached documents:
http://www.rns-pdf.londonstockexchange.com/rns/6267O_-2016-11-8.pdf
Chagala Group
Chagala is a service company focused on providing long and short
term accommodation solutions to domestic and international oil and
gas companies developing Kazakhstan's largest hydrocarbon
discoveries. With the ownership of hotels, guest houses, serviced
apartments, remote site facilities, restaurants and offices in its
portfolio, Chagala is well positioned to capitalize on the oil and
gas investment being made in Kazakhstan.
For more information:
Francisco Parrilla, Chief Executive
Chagala Group Limited + 7 (727) 355 04 84
This information is provided by RNS
The company news service from the London Stock Exchange
END
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