TIDMCGH

RNS Number : 8145Z

Chaarat Gold Holdings Ltd

22 May 2019

22 May 2019

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Holding in Company

Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, was informed that on 21 May 2019 Labro Investments Limited held 138,337,302 Shares, representing 34.40% of the issued share capital of the Company following the purchase of 316,186 Shares at an aggregate share price of 30.8 pence per share on 17 May 2019 and 1,000,000 Shares at an aggregate share price of 29.8 pence per share on 20 May 2019. Martin Andersson (the Executive Chairman of Chaarat) is indirectly beneficially interested in the majority of shares in Labro Investments Limited.

Enquiries

 
Chaarat Gold Holdings 
 Limited 
 Artem Volynets (CEO)        +44 (0)20 7499 2612 
                           info@chaarat.com 
Numis Securities Limited 
John Prior, Paul Gillam 
 (NOMAD)                   +44 (0) 20 7260 1000 
James Black (Corporate 
 Broking) 
Powerscourt 
Conal Walsh                +44 (0)20 7250 1446 
Sam Austrums               chaarat@powerscourt-group.com 
 

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.

 
 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) 
      --------------------------------          --------------  ------------ 
                                                 0.3072054       150,000 
                                                  0.3086017       166,186 
  --------------------------------------------  --------------  ------------  --- 
 e)    Aggregated information             316,186 
    *    Aggregated volume            30.79393 pence 
     GBP 97,366.09 
 
    *    Aggregated price 
 
 
    *    Aggregated total 
 ----------------------------------------  -------------------------------------- 
 f)    Date of the transaction           17 May 2019 
      --------------------------------  ----------------------------------------- 
 g)    Place of the transaction          XLON 
      --------------------------------  ----------------------------------------- 
 
 
 5     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                  Labro Investments Limited 
      ------------------------------------  ---------------------------------------- 
 6     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position / status                     Person/Entity closely associated 
                                              with the Chairman 
      ------------------------------------  ---------------------------------------- 
 b)    Initial notification                  Initial notification 
        / amendment 
      ------------------------------------  ---------------------------------------- 
 7     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 
      ------------------------------------  ---------------------------------------- 
 8     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) 
      ------------------------------------   -------------------  ---------------- 
    0.3120000                                                      100,000 
     0.3000000                                                      100,000 
     0.3000000                                                      100,000 
     0.2980000                                                      100,000 
     0.2968475                                                      100,000 
     0.2954628                                                      100,000 
     0.2956204                                                      100,000 
     0.2960000                                                      100,000 
     0.2956622                                                      100,000 
     0.2951302                                                      100,000 
   -------------------------------------------------------------  ---------------- 
 e)    Aggregated information                 1,000,000 
    *    Aggregated volume                29.84723 pence 
     GBP 298,472.31 
 
    *    Aggregated price 
 
 
    *    Aggregated total 
 ----------------------------------------------------------  ----------------------- 
 f)    Date of the transaction               20 May 2019 
      ------------------------------------  ---------------------------------------- 
 g)    Place of the transaction              XLON 
      ------------------------------------  ---------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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May 22, 2019 02:17 ET (06:17 GMT)

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