Chaarat Gold Holdings Ltd Holding(s) in Company (5454U)
January 18 2017 - 12:48PM
UK Regulatory
TIDMCGH
RNS Number : 5454U
Chaarat Gold Holdings Ltd
18 January 2017
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Holding in Company
Road Town, Tortola, British Virgin Islands (18(th) January
2017)
Chaarat (AIM - CGH), the AIM quoted exploration and development
company with assets in the Kyrgyz Republic, was informed on 17(th)
January that as of that day Labro Investments Limited ("Labro")
held 116,227,463 ordinary shares of US$0.01 each, representing 33%
of the issued share capital of the Company, following the purchase
on 17(th) January of 200,000 ordinary shares at a price of 9.925
pence per share, a second purchase on that day of 200,000 ordinary
shares at a price of 9.888875 pence per share and a third purchase
of 94,702 shares at a price of 9.5 pence per share.
Martin Andersson (the Chairman of Chaarat) is indirectly
beneficially interested in the majority of the shares in Labro.
In accordance with the announcement dated 27 September 2016, a
further 9,155,403 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
/ 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 N/A
--------- ------------------------------- -------------------------------------------------
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
---------
Identification VGG203461055
code
--------- ------------------------------- ------------------------ --------------- ------
b) Nature of the Acquisition of ordinary
transaction shares in the market
--------- ------------------------------- -------------------------------------------------
c) Currency GBP
--------- ------------------------------- -------------------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
--------- ------------------------------- ------- --------------- --------------- ------
9.925 200,000
9.888875 200,000
9.50 94,702
------------------------------------------------- --------------- --------------- ------
e) Aggregated information
* Aggregated volume
494,702
9.6 pence per share
* Aggregated price GBP47,274.44
* Aggregated total
---------------------------------------- --------------------------------------------------
f) Date of the transaction 17 January 2017
--------- ------------------------------- -------------------------------------------------
g) Place of the transaction United Kingdom
--------- ------------------------------- -------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 18, 2017 12:48 ET (17:48 GMT)