TIDMCGH

RNS Number : 8549A

Chaarat Gold Holdings Ltd

14 September 2018

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible)(i) 
 
 1a. Identity of the issuer or the                                                     Chaarat Gold Holdings Limited 
  underlying issuer of existing shares 
  to which voting rights are attached(ii) 
  : 
                                                                        ----------------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer 
                                                                                                                           -------- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                                                   X 
                                                                                                                           -------- 
 An acquisition or disposal of financial instruments                                                                           X 
                                                                                                                           -------- 
 An event changing the breakdown of voting rights 
                                                                                                                           -------- 
 Other (please specify)(iii) : 
                                                                                                                           -------- 
 3. Details of person subject to the notification obligation(iv) 
 Name                                                                    Labro Investments Limited 
 City and country of registered office                                   Hamilton, Bermuda 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.)(v) 
 Name 
                                                                        ----------------------------------------------------------- 
 City and country of registered office 
  (if applicable) 
                                                                        ----------------------------------------------------------- 
 5. Date on which the threshold was                                      11 September 2018 
  crossed or reached(vi) : 
                                                                        ----------------------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):                          11 September 2018 
                                                                        ----------------------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                            % of voting                 % of voting rights               Total of both       Total number 
                           rights attached               through financial                in % (8.A +         of voting rights 
                          to shares (total                  instruments                       8.B)            of issuer(vii) 
                              of 8. A)                     (total of 8.B 
                                                             1 + 8.B 2) 
                     -------------------------  ----------------------------------  ----------------------  ----------------------- 
 Resulting 
  situation 
  on the date 
  on which 
  threshold 
  was crossed 
  or reached          33.3%                      6.1%                                39.4%                   156,053,831 
                     -------------------------  ----------------------------------  ----------------------  ----------------------- 
 Position of 
  previous 
  notification 
  (if 
  applicable)         35.5%                      6.1%                                41.6% 
                     -------------------------  ----------------------------------  ----------------------  ----------------------- 
 8. Notified details of the resulting situation on the date on which the 
  threshold was crossed or reached(viii) 
 A: Voting rights attached to shares 
 Class/type       Number of voting rights(ix)                                        % of voting rights 
  of 
  shares 
  ISIN code (if 
  possible) 
                          Direct                           Indirect                         Direct                  Indirect 
                    (Art 9 of Directive              (Art 10 of Directive             (Art 9 of Directive     (Art 10 of Directive 
                        2004/109/EC)                     2004/109/EC)                2004/109/EC) (DTR5.1)        2004/109/EC) 
                          (DTR5.1)                        (DTR5.2.1)                                               (DTR5.2.1) 
                                           --------------------------------------- 
 VGG203461055 
 
  Ordinary 
  shares 
  of US$0.01 
  each            131,878,037               Nil                                      33.3%                   Nil 
                 ------------------------  ---------------------------------------  ----------------------  ----------------------- 
 SUBTOTAL 8. 
  A                                         131,878,037                                                  33.3% 
                 -----------------------------------------------------------------  ----------------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of          Expiration       Exercise/                                 Number of voting                % of voting 
 financial         date(x)          Conversion Period(xi)                     rights that may                 rights 
 instrument                                                                   be acquired if 
                                                                              the instrument 
                                                                              is 
                                                                              exercised/converted. 
                 ---------------  ----------------------------------------  ------------------------------  ----------------------- 
 10% Secured 
  Convertible                      11 September 2018 
  Loan Notes      31 October        to 31 October 
  2021             2021             2021                                     2,808,273                       0.7% 
                 ---------------  ----------------------------------------  ------------------------------  ----------------------- 
                                   SUBTOTAL 8. B 
                                    1                                        2,808,273                       0.7% 
                                  ----------------------------------------  ------------------------------  ----------------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of         Expiration        Exercise/                 Physical or                    Number of        % of voting 
 financial        date(x)           Conversion                cash                           voting rights    rights 
 instrument                         Period (xi)               settlement(xii) 
                ----------------  ------------------------  -----------------------------  --------------- 
 Warrants to 
  subscribe 
  for new 
  ordinary                         To 17                     Cash - 15p 
  shares of      17 December        December                  per new ordinary 
  $0.01 each      2019              2019                      share                         21,367,521       5.4% 
                ----------------  ------------------------  -----------------------------  --------------- 
                                                             SUBTOTAL 8.B.2                 21,367,521       5.4% 
                                                            -----------------------------  --------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer(xiii) 
 Full chain of controlled undertakings through which the voting rights                         X 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity(xiv) (please add additional 
  rows as necessary) 
        Name(xv)            % of voting rights      % of voting rights       Total of both if 
                              if it equals or        through financial        it equals or is 
                             is higher than the      instruments if it        higher than the 
                            notifiable threshold    equals or is higher     notifiable threshold 
                                                    than the notifiable 
                                                         threshold 
                          ----------------------  ---------------------  ------------------------ 
 Martin Andersson 
  (indirect beneficiary 
  under the family 
  trust)                   33.3%                   6.1%                   39.4% 
                          ----------------------  ---------------------  ------------------------ 
 Kleber Private Trust 
  Company Limited, 
  as trustees for 
  and on behalf of 
  a family trust           33.3%                   6.1%                   39.4% 
                          ----------------------  ---------------------  ------------------------ 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
                                                  ----------------------------------------------- 
 The number and % of voting rights 
  held 
                                                  ----------------------------------------------- 
 The date until which the voting rights 
  will be held 
                                                  ----------------------------------------------- 
 
 11. Additional information(xvi) 
 The percentage of voting rights is based on the total shares in issue 
  of 395,699,682 ordinary shares as at 11 September 2018 as set out in 
  the press release of Chaarat Gold Holdings Limited issued on 13 September 
  2018. 
 
 
 
 Place of completion   Hamilton, Bermuda 
 Date of completion    13 September 2018 
                      ------------------ 
 

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END

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September 14, 2018 08:07 ET (12:07 GMT)

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