Chaarat Gold Holdings Ltd Holding(s) in Company (6587M)
October 17 2016 - 2:00AM
UK Regulatory
TIDMCGH
RNS Number : 6587M
Chaarat Gold Holdings Ltd
17 October 2016
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Holding in Company
Road Town, Tortola, British Virgin Islands (17(th) October
2016)
Chaarat (AIM - CGH), the AIM quoted exploration and development
company with assets in the Kyrgyz Republic, was informed on 14(th)
October that on that day Labro Investments Limited ("Labro") held
113,176,925 ordinary shares of US$0.01 each, representing 32.1% of
the issued share capital of the Company following the purchase of
100,000 ordinary shares at 8.55 pence per share.
Martin Andersson (the Chairman of Chaarat) is indirectly
beneficially interested in the majority of the shares in Labro.
At 14(th) October the concert party (consisting of Labro, Martin
Wiwen-Nilsson, Dominik Dolenec, Abingdon Trust, Willem De Geer and
Sarastro Group Limited) held 140,933,811 ordinary shares of US$0.01
each representing 40% of the issued share capital of the
Company.
In accordance with the announcement dated 27 September 2016,
17,535,937 ordinary shares of US$0.01 each may be acquired by the
concert party within a period of six months from 1 October 2016
without triggering a requirement to make a mandatory offer under
the Articles of Association of the Company.
Enquiries:
Chaarat Gold Holdings
Limited + 44 (0) 20 7499 2612
c/o Central Asia Services info@chaarat.com
Limited
Dekel Golan CEO
Linda Naylor FD
Numis Securities Limited +44 (0) 20 7260 1000
John Prior, Paul Gillam
(NOMAD)
James Black (Broker)
About Chaarat Gold
Chaarat Gold is an exploration and development company operating
in the Kyrgyz Republic with a large, high grade resource - the
Chaarat Gold Project. The Company's key objective is to become a
low cost gold producer generating significant production from the
development of the Chaarat Gold Project. Chaarat is engaged in an
active community engagement programme 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 in the
Kyrgyz Republic 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 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 N/A
identifier
--------- ------------------------------ --------------------------------------------
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 Ordinary shares of US$0.01
the financial each
instrument, type
of instrument
VGG203461055
Identification
code
--------- ------------------------------ --------------------------------------------
b) Nature of the Acquisition of ordinary
transaction shares in the market
--------- ------------------------------ --------------------------------------------
c) Currency GBP
--------- ------------------------------ --------------------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s)
--------- ------------------------------ --------------------- ------------------
8.55 pence 100,000
-------------------------------------------------------------- ------------------
e) Aggregated information
* Aggregated volume
100,000
8.55 pence
* Aggregated price
* Aggregated total
------------------------------------------------------ ------------------------------
f) Date of the transaction 13 October 2016
--------- ------------------------------ --------------------------------------------
g) Place of the United Kingdom
transaction
--------- ------------------------------ --------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLUNOKRNVARAAA
(END) Dow Jones Newswires
October 17, 2016 02:00 ET (06:00 GMT)